USTR and Treasury Statement on Call With China

Vice Premier Liu He, U.S. Treasury Secretary Steven T. Mnuchin, and Ambassador Robert Lighthizer participated in a conference call today.  They discussed economic and trade issues, including the recently concluded Phase One agreement.  The parties shared updates on COVID-19 and their assessments of its effects on economic growth as well as the measures their countries are taking to provide support to their economies. 

The parties discussed the ongoing process of implementing the Phase One agreement between the two countries that went into effect February 14.  Both sides agreed that good progress is being made on creating the governmental infrastructures necessary to make the agreement a success.  They also agreed that in spite of the current global health emergency, both countries fully expect to meet their obligations under the agreement in a timely manner.  Meetings required by the agreement have been conducted via conference call and will continue on a regular basis.

Secretary of Commerce allocates $300 million in CARES Act aid to U.S. fishermen and seafood industries impacted by COVID-19

WASHINGTON – Today, Secretary of Commerce Wilbur Ross announced the allocation of $300 million in economic relief to U.S. fishermen and seafood industries impacted by the COVID-19 pandemic. The funds were allocated as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), signed into law on March 27 by President Trump.

Commercial fishing, charter/for-hire businesses, qualified aquaculture operations, processors, and parts of the seafood sector in coastal states and territories are among those eligible to apply for funds. Tribes are also eligible for funding including for any negative impacts to subsistence, cultural, or ceremonial fisheries. The Department of Commerce’s National Oceanic and Atmospheric Administration (NOAA) will work with the three Interstate Marine Fishery Commissions, organizations with a demonstrated track record of success in disbursing funds, to quickly deliver financial assistance into the hands of those who need it.

“This relief package will support America’s fishermen and our seafood sector’s recovery,” said U.S. Department of Commerce Secretary Wilbur Ross. “Thank you President Trump, Secretary Mnuchin, and our Congressional leaders of both parties for your work to pass the historic legislation that is bringing much needed relief to America’s fishermen. This Administration stands with the men and women working to provide healthy and safe seafood during this uniquely challenging time, while our U.S. fisheries work to continue to support 1.7 million jobs and to generate $200 billion in annual sales. The Nation is grateful to our fishermen for their commitment.”

Acting NOAA Administrator Neil Jacobs, Ph.D., lauded today’s announcement.

“For generations, our coastal communities have taken great pride in delivering protein-rich seafood to dinner tables across the country and enabling access to our world class recreational fisheries,” said Jacobs. “NOAA thanks our partners in the interstate marine fisheries commissions, states, territories, and tribes for their assistance. Together, we will work to distribute these funds as quickly as possible.”

In addition to these funds, the President recently signed into law other Federal financial assistance programs, including several programs at the Small Business Administration and U.S. Department of Agriculture, that can provide help to fishermen and related businesses.

DOC to Initiate Section 232 Investigation into Mobile Crane Imports

WASHINGTON – U.S. Secretary of Commerce Wilbur Ross announced today that the Department will initiate an investigation into whether the quantities or circumstances of mobile crane imports into the United States threaten to impair the national security. This decision follows a petition filed by domestic producer, The Manitowoc Company, Inc. (Manitowoc), on December 19, 2019, requesting that the Department of Commerce launch an investigation into mobile crane imports under Section 232 of the Trade Expansion Act of 1962, as amended.  The investigation, to be conducted by the Department’s Bureau of Industry and Security, will provide the opportunity for public comment once the rule is posted in the Federal Register.

“We will conduct this review thoroughly and expeditiously,” said Secretary Ross. “This investigation will help determine whether mobile cranes are being imported in such quantities or under such circumstances as to threaten to impair U.S. national security.”

Manitowoc alleges that increased imports of low-priced mobile cranes, particularly from Germany, Austria, and Japan, and intellectual property (IP) infringement by foreign competition,have harmed the domestic mobile crane manufacturing industry.The Department of Homeland Security has identified mobile cranes as a critical industry because of their extensive use in national defense applications, as well as in critical infrastructure sectors.

The petitioner claims the low-priced imports and IP infringement resulted in the closure of one of its two production facilities in the United States and eliminated hundreds of skilled manufacturing jobs in Wisconsin.  Manitowoc cites the U.S. International Trade Commission’s (USITC) Dataweb to note that imports of mobile cranes increased 152% between 2014 and 2019, and a 2015 finding that a Chinese manufacturer misappropriated six trade secrets and infringed on a patent, resulting in the USITC banning the sale of a Chinese crane in the United States.

Statement from U.S. Secretary of Commerce Wilbur Ross on Q1 2020 GDP Advance Estimate

Today, the Department of Commerce’s Bureau of Economic Analysis (BEA) released the advance estimate for gross domestic product (GDP) for the first quarter of 2020, finding that real gross domestic product contracted at an annual rate of 4.8 percent.

U.S. Secretary of Commerce Wilbur Ross issued the following statement in response:

“Today’s GDP numbers are weak, but in line with expectations as a result of the COVID-19-driven disruptions to daily lives at home and around the globe that have rocked global markets and supply chains. We continue to have the most resilient economy in the world, driven by innovative and hardworking Americans who have shown that they are willing to make the needed sacrifices to defeat this invisible enemy.

The President has taken bold action to leverage the expertise and resources of the entire Nation in this fight. Congress has confronted the seriousness of this challenge with trillions of dollars in relief funding for those impacted by the virus, establishing a firm footing for a swift and strong American comeback. When this chapter ends, America will be both stronger and healthier than ever because of the President’s decisive and timely actions.”

Commerce Tightens Restrictions on Technology Exports to Combat Chinese, Russian and Venezuelan Military Circumvention Efforts

The Department of Commerce announced today new export control actions to prevent efforts by entities in China, Russia, and Venezuela to acquire U.S. technology that could be used in development of weapons, military aircraft, or surveillance technology through civilian supply chains, or under civilian-use pretenses, for military end uses and military end-users.

“It is important to consider the ramifications of doing business with countries that have histories of diverting goods purchased from U.S. companies for military applications,” said Department of Commerce Secretary Wilbur Ross. “Certain entities in China, Russia, and Venezuela have sought to circumvent America’s export controls, and undermine American interests in general, and so we will remain vigilant to ensure U.S. technology does not get into the wrong hands.”

Specifically, the rule changes include:

  • Expansion of Military End Use/User Controls (MEU)
    Expands MEU license requirements controls on China, Russia, and Venezuela to cover military end-users in all three countries, as well as items such as semiconductor equipment, sensors, and other technologies sought for military end use or by military end-users in these countries.
  • Removal of License Exception Civil End Users (CIV)
    Removes a license exception for exports, reexports, or transfers (in-country) to civilian
    end-users in countries of national security concern for National Security- (NS) controlled items.
  • Elimination of License Exception Additional Permissive Reexports (APR) Provisions
    Proposes to eliminate certain provisions of a license exception for partner countries involving the reexport of NS-controlled items to countries of national security concern to ensure consistent reviews of exports and reexports of U.S. items.

The Bureau of Industry and Security (BIS) in the Department of Commerce is responsible for overseeing these export control activities. BIS’s mission is to advance U.S. national security and foreign policy objectives by ensuring an effective export control and treaty compliance system and promoting continued U.S. strategic technology leadership. BIS is committed to restrict U.S.-origin commodities and technology from use in support of Weapons of Mass Destruction (WMD) projects, terrorism, or destabilizing military modernization programs. For more information, please visit www.bis.doc.gov.

Proclamation on World Intellectual Property Day, 2020

Note: This proclamation was originally published on the Proclamations webpage of the White House website on April 24, 2020. 

Our Nation’s history is defined by discovery, ingenuity, and innovation. Americans are known for their resourcefulness and ability to find solutions to a wide range of challenges, including the development of technologies that advance our security, health, and prosperity. This resourcefulness has been a driving force of economic growth and human development since the founding of our Nation, and our future depends on the continued protection of our intellectual property. On World Intellectual Property Day, we renew our resolve to protect and secure the works and innovations of American artists, inventors, and other creators who continually push the boundaries of human knowledge and understanding.

Our Founding Fathers recognized the vital role that intellectual property plays in society and in supporting a robust economy. The Intellectual Property Clause of the Constitution reflects their understanding that laws must be in place to “promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries.” More than two centuries later, we remain committed to this idea, upholding and strengthening an intellectual property system that encourages greater American innovation and advances our global competitiveness.

My Administration is building on our Nation’s history of securing intellectual property rights. In the United States, intellectual property-intensive industries account for nearly one-third of all employment and approximately 40 percent of our country’s gross domestic product, an estimated $6.6 trillion. To support these industries, in January of this year I signed the United States-Mexico-Canada Agreement (USMCA) into law, replacing the outdated and unbalanced North American Free Trade Agreement. USMCA furthers my Administration’s pro-growth agenda by establishing ground-breaking protections for trade secrets, strengthening border security, and enhancing trademark, copyright, and patent provisions. These are the most comprehensive intellectual property standards ever included in a free trade agreement. Additionally, earlier this year I signed an Executive Order on Ensuring Safe and Lawful E-Commerce for United States Consumers, Businesses, Government Supply Chains, and Intellectual Property Rights Holders, which is aimed at finding improved ways to protect intellectual property rights holders from an increasing amount of counterfeit and pirated goods marketed online.

The importance of intellectual property has never been more apparent than it is now, as we continue the ongoing battle against the coronavirus. To respond to this national and international emergency, the Federal, State, and local Governments have partnered with the private sector to develop new and powerful tools to combat the spread of the virus and provide care to those in need, focusing every available resource on the fight against the invisible enemy. Relying on strong intellectual property protections, these industries are able to act boldly to invent new tests, begin developing experimental treatments and vaccines, and rapidly produce and reengineer medical equipment to help win this war. These efforts are saving tens of thousands of lives and reflect the unrivaled power of American industry and innovation.

This month, we pay tribute to our Nation’s long history of ingenuity and advancement, and we recommit to protecting, promoting, and prioritizing a business and economic environment that supports those who carry on this legacy. The pioneering spirit of these artists, authors, inventors, and other creators has improved our lives and the lives of millions of people around the world, and will continue to propel us toward a better future.

NOW, THEREFORE, I, DONALD J. TRUMP, President of the United States of America, by virtue of the authority vested in me by the Constitution and the laws of the United States, do hereby proclaim April 26, 2020, as World Intellectual Property Day. I encourage Americans to observe this day to celebrate the benefits of intellectual property to our economy and our country.

IN WITNESS WHEREOF, I have hereunto set my hand this twenty-fourth day of April, in the year of our Lord two thousand twenty, and of the Independence of the United States of America the two hundred and forty-fourth.

DONALD J. TRUMP

USPTO announces extension of certain patent and trademark-related timing deadlines

USPTO announces extension of certain patent and trademark-related timing deadlines under the Coronavirus Aid, Relief, and Economic Security Act

The United States Patent and Trademark Office (USPTO) today announced extensions to the time allowed to file certain patent and trademark-related documents and to pay certain required fees. These actions are an exercise of temporary authority provided to the USPTO by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed by President Trump on March 27. 

“Inventors and entrepreneurs are the lifeblood of our economy, and we recognize that many of them are having difficulty as a result of COVID-19,” said Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office Andrei Iancu. “As a result, we are working to provide as much relief as possible to our stakeholders, consistent with our ability to maintain the USPTO’s fee-funded operations. We are especially mindful of the outsized impact on small businesses and independent inventors, and we have provided additional relief for these groups. Ultimately, our goal is to ensure not only that inventors and entrepreneurs can weather the storm, but that they can also hit the ground running once it passes.” 

The USPTO has made operational adjustments to keep its employees and the public safe as it remains open for business. In-person meetings, such as hearings and examiner interviews, are being conducted virtually by phone and video until further notice.

SBA & Treasury Begin Unprecedented Public-Private Mobilization Effort to Distribute Funds

Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.

The CARES Act establishes a new $349 billion Paycheck Protection Program. The Program will provide much-needed relief to millions of small businesses so they can sustain their businesses and keep their workers employed.

“This unprecedented public-private partnership is going to assist small businesses with accessing capital quickly. Our goal is to position lenders as the single point-of-contact for small businesses – the application, loan processing, and disbursement of funds will all be administered at the community level,” said Administrator Carranza. “Speed is the operative word; applications for the emergency capital can begin as early as this week, with lenders using their own systems and processes to make these loans. We remain committed to supporting our nation’s more than 30 million small businesses and their employees, so that they can continue to be the fuel for our nation’s economic engine.”

“This legislation provides small business job retention loans to provide eight weeks of payroll and certain overhead to keep workers employed,” said Secretary Mnuchin. “Treasury and the Small Business Administration expect to have this program up and running by April 3rd so that businesses can go to a participating SBA 7(a) lender, bank, or credit union, apply for a loan, and be approved on the same day.  The loans will be forgiven as long as the funds are used to keep employees on the payroll and for certain other expenses.”

The new loan program will help small businesses with their payroll and other business operating expenses. It will provide critical capital to businesses without collateral requirements, personal guarantees, or SBA fees – all with a 100% guarantee from SBA. All loan payments will be deferred for six months. Most importantly, the SBA will forgive the portion of the loan proceeds that are used to cover the first eight weeks of payroll costs, rent, utilities, and mortgage interest.

The Paycheck Protection Program is specifically designed to help small businesses keep their workforce employed. Visit SBA.gov/Coronavirus for more information on the Paycheck Protection Program.

EXIM Board Approves $91.5 Million in U.S. Export Financing for Project in Senegal

WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday unanimously approved approximately $91.5 million in loan guarantee financing that supports U.S. exports of design engineering and construction services to the Republic of Senegal. The transaction will increase access to reliable electricity for rural communities throughout Senegal while supporting an estimated 500 U.S. jobs in 14 states: California, Colorado, Florida, Georgia, Illinois, Kentucky, Mississippi, Missouri, New Hampshire, Nevada, Ohio, South Carolina, Tennessee, and Wisconsin.

The transaction – which is expected to bring electricity to approximately 330,000 Senegalese in more than 400 villages – will advance four of EXIM’s priorities as set by Congress. Specifically, this transaction supports a small-business exporter, Weldy-Lamont LLC of Mt. Prospect, Illinois; the export of U.S. manufactured goods and services to sub-Saharan Africa; renewable energy technology through the export of solar panels; and the “Program on China and Transformational Exports” as outlined in EXIM’s recent reauthorization. United States-based Weldy-Lamont was selected for the project over foreign competition being supported by at least four other governments, including China.

This transaction also advances the goals of the Trump Administration’s Prosper Africa and the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) initiatives, which aim to substantially increase two-way trade and investment between the United States and Africa.

“The selection of Weldy-Lamont for this project is a significant win for not only for this Illinois-headquartered small business and its workers across fourteen states, but also for the United States and Senegal,” said EXIM President and Chairman Kimberly A. Reed. “Building on my discussion with Senegal’s Minister for Economy, Planning, and Cooperation Amadou Hott during our October 18, 2019, Memorandum of Understanding (MOU) signing ceremony, this transaction demonstrates Senegal’s willingness to consider alternative financing and export including those from the United States, for critical infrastructure needs beyond Chinese sources. We are pleased to support this U.S. small business as it exports its ‘Made in the U.S.A.’ renewable energy products to sub-Saharan Africa.”

“This deal fulfills several of EXIM’s goals, including supporting small businesses and competing with China on a global scale,” said EXIM Board Member Spencer Bachus III. “There’s no more important time for EXIM than today. With the spread of coronavirus, our job will be more challenging, but it will be more important than ever.”

“I can think of no better first project for us with the Republic of Senegal than this Weldy-Lamont deal to provide rural electrification to about 415 villages,” said EXIM Board Member Judith Pryor. “This deal is part of a whole-of-government approach that encompasses the goals of both Prosper Africa and Power Africa, and we are honored to work with our sister agencies toward these goals.”

The financing was approved under EXIM’s MOU with Senegal’s Ministry of Economy, Planning and Cooperation. The Senegal National Electricity Agency (Senelac) will be the borrower in the transaction and the buyer of the exports. Senegal’s Ministry of Economy, Planning and Cooperation will provide a sovereign guarantee of the financing. JP Morgan Chase is the lead arranger and mandated lender. The total cost of the project is estimated to be $100 million, with EXIM supplying 81.5 percent of the funding.

For the project, Weldy-Lamont – a Chicago-area small business with fewer than 20 employees – plans to source from a large U.S. supply chain to procure American-manufactured electrical and solar-energy equipment, as well as a variety of services. EXIM’s financing is expected to support an estimated 500 American jobs in 14 states.

The proposed project will consist of low-voltage power lines along existing roads to rural villages, with more remote villages to be served by the establishment of a mini-grid of stand-alone solar units and limited low-voltage lines. The completed project will reduce the need for community-based diesel generation of electricity and will connect hundreds of villages to the grid.

The EXIM Board initially approved a preliminary commitment on Oct. 30, 2019. In addition to EXIM, other federal agencies involved in promoting the selection of Weldy-Lamont for the project include the U.S. Departments of State and Commerce, the U.S. Agency for International Development, and the U.S. Trade and Development Agency.

EXIM Small Business Outreach and Relief Efforts

During the open portion of the meeting, the Board received an update from EXIM’s Small Business Division. Senior Vice President of Small Business Jim Burrows noted that since EXIM’s board quorum was restored in May 2019, EXIM has authorized approximately 1,635 small business transactions, totaling $1.7 billion, and supporting thousands of U.S. jobs.  

Earlier this month, EXIM instituted temporary relief measures that provide assistance to U.S. businesses, their buyers, financial institutions, and American workers negatively impacted by COVID-19 (coronavirus). Complete information is available on the coronavirus response page. “EXIM recognizes that in the months following the COVID-19 outbreak, exporting may be a challenge for many of our nation’s businesses, especially small businesses,” said Burrows. “EXIM staffers are working tirelessly to ensure our nation has the proper programs in place to provide U.S. exporters with the financing and other products necessary to export ‘Made in the U.S.A.’ goods and services.”

Office of Small Business Director of Outreach and Education Elizabeth Thomas focused on EXIM’s new digital outreach strategy, which was launched in November 2019, alignment with associations whose members would benefit from EXIM’s services, and direct customer outreach. Since the digital strategy kickoff, EXIM has engaged over 2800 “new to EXIM” contacts and attributes 73% of FY 2020 authorizations to digital outreach. Particularly given this time of COVID-19, “digital outreach allows us to stay connected with small businesses and provide much needed support in a safe and healthy way,” said Thomas.

EXIM Open for Business in 191 Countries

In additional to the voting on the Senegal project during the closed portion of the meeting, the Board of Directors also heard from EXIM’s Enterprise Risk Committee and approved changes to EXIM’s Country Limitation Schedule (CLS) that are effective April 6, 2020. The changes will be reflected at that time on EXIM’s website.

“As elevated demand for EXIM support, as well as support from competitor export credit agencies around the world can be counter-cyclical in nature, EXIM will be needed even more over the next several months to accomplish its mission to support U.S. jobs through exports,” said EXIM Chief Risk Officer Ken Tinsley, “I am confident in EXIM’s ability to execute this mission successfully while at the same time protecting the U.S. taxpayer.”

The CLS is a document that expresses whether EXIM is open or closed for business in a given market. Country conditions in markets in which EXIM is open must meet EXIM’s Charter-mandated requirement of a reasonable assurance of repayment. EXIM’s Board has established a linkage between the reasonable assurance of repayment mandate and the country risk ratings from the Interagency Country Risk Assessment System implemented by the Office of Management and Budget. These ratings, which are subject to routine evaluation, reflect the repayment risk of doing business in a market and are required to be used by all U.S. government agencies engaged in cross-border credit activities to estimate expected loss. With this update, EXIM is open for business in 191 countries.

ABOUT EXIM:

EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. 

Holmes Stoner Address at Holistic Approach to Ending Homelessness:Dignifying the Needy

New York 14 Feb, Holmes Stoner, Chairman of the American International Chamber of Commerce attended and spoke at a Dignifying the Needy (CSocD58 Side Event) of United Nations conference in New York on 14 February.

The government interventions approach to ending homelessness mainly centers on quick-fix solutions of moving people experiencing homelessness into independent and permanent housing shelters, but it is important to address these complexities together when considering methods of addressing homelessness, as one strategy does not apply for every community. Affordable housing and social protection can have a tremendous impact in addressing homelessness.

For this purpose, the Side Event will Review the inter-connectedness between homelessness and poverty and health and well-being of homeless individuals or people at risk of it as well as explore options for reducing youth that is at risk of human trafficking, drug abuse, or broken homes; Elaborate on the importance of focusing on the various ways to contribute to ending homelessness, with a focus on individual roles because every contribution to supporting the cause counts; Highlight the critical importance on the preventative framework.

Holmes Stoner, Chairman of the American International Chamber of Commerce (AICC), has joined  the AICC executive team, where he will serve as senior advisor to Chief of Ecodomika Steel Structures, On behalf of the entire organization, He is grateful to Jason Quin for his years of service to the American enterprise and business people and congratulate them on this global business opportunity to continue in that calling.

Jason Quin, AICC’s Executive Chairman, will now perform the duties of the American export, economic development and membership services with Holmes Stoner and the AICC team.

Stoner said, that we were long supported and participated in UN economic cooperation and development projects, including the development and investment of steel composite housing, and implemented and carried out investment cooperation in a wider range of fields around the world to support the innovation, development and growth of member enterprises project.

The fifty-eighth session of the Commission for Social Development (CSocD58) will take place from 10 to 19 February 2020. The Commission is the advisory body responsible for the social development pillar of global development.

In 2020, we are celebrating the 75th anniversary of the Commission and the 25th anniversary of the Copenhagen Declaration on Social Development. 2020 is a crucial year for the accelerated realization of inclusive societies and reducing inequalities everywhere for people of all ages.

The Dignifying the Needy (CSocD58 Side Event) priority theme on Affordable housing and social protection systems for all to address homelessness this year.

  •  Opening of the session
  •  Election of officers
  • Adoption of the agenda and other organizational matters – Item 2 – E/CN.5/2020/1
  • Follow-up to the World Summit for Social Development and the twenty-fourth special session of the General Assembly – Item 3
  • Priority theme: affordable housing and social protection systems for all to address homelessness – Item 3 (a) – E/CN.5/2020/2, E/CN.5/2020/3
  • Review of relevant United Nations plans and programmes of action pertaining to the situation of social groups – Item 3 (b) – A/75/61-E/2020/4, E/CN.5/2020/4
  • Emerging issues: twenty-five years of the World Summit for Social Development: addressing emerging societal challenges to the implementation of the 2030 Agenda for Sustainable Development – Item 3 (c) – E/CN.5/2020/5
  • Introductory statements
  • General discussion on item 3 (a) and (b)