Latest News

April 12, 2021
Trade Deficit Hits Record High in February
On April 7, the Commerce Department released a report showing that the deficit widened by 4.8 percent, reaching $71.8 billion.
July 1, 2020
USMCA Now in Effect
Today, the U.S.-Mexico-Canada Trade Agreement (USMCA) goes into full effect with many promising provisions aimed directly at bolstering American small- and mid-sized businesses (SMEs). The National Small Business Association was an outspoken proponent of the USMCA which was a key priority for NSBA’s members. Below is a statement from NSBA President and CEO Todd McCracken: [Read More]
January 15, 2020
Phase One China Deal Signed
On Wednesday, Jan. 15, President Donald Trump and Chinese Vice Premier Liu He signed a “phase one” deal on trade, focusing on expanding U.S. agricultural exports and reforming China’s forced technology transfer. While the agricultural agreements are significant, many analysts say changing China’s practice of forcing non-Chinese companies to share critical technologies with Chinese companies [Read More]
January 8, 2020
Senate Finance Advances USMCA
On Jan. 7, the Senate Finance Committee approved the approved the U.S.-Mexico-Canada Agreement (USMCA) implementing legislation, H.R. 5430, in a 25-3 vote, clearing the way for a Senate floor vote.  Mexico has already ratified the revised USMCA. Canada is expected to take up the vote in its House of Commons after it reconvenes in late January. [Read More]
December 18, 2019
Spending Bill Extends Ex-Im Bank
On Tuesday, Dec. 17, the U.S. House of Representatives approved a series of bills related to spending and other critical, expiring provisions including extending the charter for the Export-Import Bank of the U.S. (Ex-Im Bank). In a 280-138 vote, the chamber sent the fiscal 2020 measure on to the Senate, where lawmakers are expected to [Read More]
December 12, 2019
White House, Dems Reach USMCA Agreement
House Democrats—led by Speaker Nancy Pelosi (D-Calif.)—have reached a deal with the Trump Administration on the new North American trade agreement, clearing the way for Congress to vote on the pact as soon as next week—December 19. The Office of the U.S. Trade Representative (USTR) released the text of changes it made to the agreement, in [Read More]
November 20, 2019
House passes Ex-Im Bank Reauthorization Bill
On Nov. 15, the House passed—along party lines—legislation to reauthorize and revamp the Export-Import Bank’s (Ex-Im’s) operations for ten years. The bill, H.R. 4863, the United States Export Finance Agency Act of 2019, passed by a vote of 235 to 184, with only 13 Republicans supporting the measure. The bill now heads to the Republican-controlled Senate, where [Read More]
October 30, 2019
Ex-Im Bank Reauth Bill Introduced
On Oct. 25, a new bill was introduced to reauthorize the U.S. Export-Import Bank (Ex-Im) for 10 years. The legislation—H.R. 4863, the United States Export Finance Agency Act of 2019—was posted on the House Committee on Financial Services website ahead of a committee markup on Tuesday. The bank’s charter was set to expire on Sept. 30, but [Read More]
July 10, 2019
NSBA Urges Action on USMCA
On Tuesday, July 10, 2019, the National Small Business Association is joining the USMCA Day of Action in urging Congressional action to approve the U.S.-Mexico-Canada Agreement (USMCA). Passage of USMCA has been a key priority for NSBA and was a focal point in our recent member fly-ins where small-business leaders urged their Members of Congress to act [Read More]
June 26, 2019
House Deal on Ex-Im Bank
On June 18, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) and Committee Ranking Member Patrick McHenry (R-N.C.) agreed to a long-term deal that would keep the U.S. Export-Import Bank (Ex-Im) operational for seven years and expand its capacity to offer loan guarantees to foreign buyers of U.S. exports. Without action, Ex-Im’s charter will expire [Read More]

EX-IM Bank Shutdown