I'm pleased to announce that the U.S. has prevailed in the first dispute settlement panel ever brought under the #USMCA. It's agreed that Canada is breaching its USMCA commitments by reserving most of its dairy tariff-rate quota for the exclusive use of CA processors.
Enforcing our trade agreements and making sure they benefit American workers and farmers is a top priority for the Biden-Harris Administration. That is why this Administration filed the first-ever panel request under the USMCA.
This historic win will help eliminate unjustified trade restrictions on American dairy products, and will ensure that the U.S. dairy industry and its workers get the full benefit of the USMCA to market and sell U.S. products to Canadian consumers.
I have said this before and I will continue to say it: the U.S.-China trade and economic relationship is one of profound consequence. Follow this thread for some live excerpts of my speech at @CSIS.
@CSIS This bilateral relationship is complex and competitive. President Biden welcomes that competition to support American workers, grow our economy, and create jobs at home.
@CSIS For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world.
After weeks of intense diplomacy, we have reached a deal on a set of high-level principles that resets U.S.-EU engagement in the large civil aircraft industry. How this affects US workers:👇
@POTUS routinely says we are strongest when we work with our friends and allies. Our partnership with @VDombrovskis shows us just that. 👇
The airspace sector employs over 500,000 people directly, and over 700,000 in jobs related to the industry. Boeing alone purchases over a billion parts from 10,000 American businesses. Supporting Boeing means supporting good-paying jobs and a strong supply chain here at home. 👇
Today I am speaking at @amprog to talk about the importance of using trade policy to address one of the biggest challenges we face: climate change.
President Biden has taken immediate action to restore American leadership on this crucial issue. He immediately rejoined the Paris Agreement and signed a sweeping executive order to begin tackling the climate crisis.
The historic investments in the American Rescue Plan are already helping to stabilize the economy and bring the pandemic to an end. The American Jobs Plan is the next step in our effort to reimagine and rebuild a new economy.