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House Ways and Means subcommittee chair urges U.S. to lead on digital trade, criticizes administration retreat
Summary
At a House Ways and Means subcommittee hearing, the subcommittee chair called for renewed U.S. leadership on global digital trade rules, criticized the Biden administration for stepping back from WTO and Indo-Pacific negotiations and cited Canadian digital services taxes and EU regulations as threats to U.S. tech competitiveness.
The subcommittee chair of the House Ways and Means Subcommittee said the United States must return to the negotiating table and enforce strong global digital trade rules, criticizing what the speaker described as a retreat by the Biden administration from recent international negotiations.
"Technology products are a crown jewel of American competitiveness," the subcommittee chair said, adding that if the U.S. tech sector were its own country, "its economy would be the eighth largest in the world." The chair warned that strategic and economic rivals have adopted discriminatory digital trade and tax measures that target American companies.
The chair placed blame on a policy shift at the Office of…
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