Latest news with #BruceWesterman
E&E News
5 days ago
- Business
- E&E News
Westerman, Golden unveil NEPA overhaul package
House Natural Resources Chair Bruce Westerman on Friday released sweeping legislation to change the National Environmental Policy Act review process. The 'Standardizing Permitting and Expediting Economic Development (SPEED) Act,' co-sponsored by moderate Democratic Rep. Jared Golden of Maine, is a starting point in broader talks between the parties and the chambers toward a bipartisan permitting deal. 'America's model of successful environmental stewardship alongside strong economic growth is being hobbled by a more than half-century old permitting process that is overdue for a tuneup,' Westerman said in a statement. Advertisement 'Although well-intentioned, the National Environmental Policy Act (NEPA) has not kept up with the times which is bad for both our environment and our economy,' he said.
Boston Globe
28-05-2025
- Business
- Boston Globe
Taiwan pledges to buy more American goods as a 32 percent tariff looms
Rep. Bruce Westerman, chair of the House Natural Resources Committee, told Lai that the U.S. produces a lot of food and fiber and is 'always looking for more friends to share that with.' Advertisement Trade and economic ties between Taiwan and the U.S. have grown closer in recent years. The island faces rising pressure from China, which sees the island as part of Chinese territory and vows to annex it, by force if necessary. Washington is bound by its own laws to provide Taipei with the means to defend itself, and politicians — both Republicans and Democrats — have come to believe it is in the U.S. interest to deter Beijing from attacking Taiwan. Many policymakers and analysts have argued that arming Taiwan includes not only weapons sales but closer economic and trade ties so the island is less vulnerable to economic coercion from the mainland. The U.S. is now the top destination for Taiwan's foreign investments, including $165 billion by Taiwan's semiconductor giant TSMC to build factories in Arizona to make advanced chips. The island also is the 7th largest market for U.S. agricultural exports, Lai said. Advertisement However, the U.S. buys far more from Taiwan and had a trade deficit of $116.3 billion in 2024, according to the Office of the U.S. Trade Representative. The 32% tariff, as proposed by President Donald Trump as part of his sweeping tariff plan, is on hold except a 10% baseline duty. Earlier this month, Lai downplayed the trade tensions between the U.S. and Taiwan as 'frictions between friends.' The congressional delegation stopped in Taipei as part of the group's larger visit to the Indo-Pacific region through Thursday, according to American Institute in Taiwan, the de facto U.S. diplomatic mission on the island.
The Independent
28-05-2025
- Business
- The Independent
Taiwan pledges to buy more American goods as a 32% tariff looms
Taiwan 's president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the U.S. while threatened with a 32% tariff from the Trump administration. By purchasing more U.S. products that also include weapons and agricultural goods, Taiwan would not only create 'more balanced bilateral trade' with the U.S. but also boost its energy autonomy and resilience, said Lai Ching-te, the island's leader, while hosting a U.S. congressional delegation. Lai also said the island would be willing to participate in U.S. efforts to reindustrialize and to lead the world in artificial intelligence. Rep. Bruce Westerman, chair of the House Natural Resources Committee, told Lai that the U.S. produces a lot of food and fiber and is 'always looking for more friends to share that with.' Trade and economic ties between Taiwan and the U.S. have grown closer in recent years. The island faces rising pressure from China, which sees the island as part of Chinese territory and vows to annex it, by force if necessary. Washington is bound by its own laws to provide Taipei with the means to defend itself, and politicians — both Republicans and Democrats — have come to believe it is in the U.S. interest to deter Beijing from attacking Taiwan. Many policymakers and analysts have argued that arming Taiwan includes not only weapons sales but closer economic and trade ties so the island is less vulnerable to economic coercion from the mainland. The U.S. is now the top destination for Taiwan's foreign investments, including $165 billion by Taiwan's semiconductor giant TSMC to build factories in Arizona to make advanced chips. The island also is the 7th largest market for U.S. agricultural exports, Lai said. However, the U.S. buys far more from Taiwan and had a trade deficit of $116.3 billion in 2024, according to the Office of the U.S. Trade Representative. The 32% tariff, as proposed by President Donald Trump as part of his sweeping tariff plan, is on hold except a 10% baseline duty. Earlier this month, Lai downplayed the trade tensions between the U.S. and Taiwan as 'frictions between friends.' The congressional delegation stopped in Taipei as part of the group's larger visit to the Indo-Pacific region through Thursday, according to American Institute in Taiwan, the de facto U.S. diplomatic mission on the island.
Associated Press
27-05-2025
- Business
- Associated Press
Taiwan pledges to buy more American goods as a 32% tariff looms
TAIPEI (AP) — Taiwan's president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the U.S. while threatened with a 32% tariff from the Trump administration . By purchasing more U.S. products that also include weapons and agricultural goods, Taiwan would not only create 'more balanced bilateral trade' with the U.S. but also boost its energy autonomy and resilience, said Lai Ching-te, the island's leader, while hosting a U.S. congressional delegation. Lai also said the island would be willing to participate in U.S. efforts to reindustrialize and to lead the world in artificial intelligence. Rep. Bruce Westerman, chair of the House Natural Resources Committee, told Lai that the U.S. produces a lot of food and fiber and is 'always looking for more friends to share that with.' Trade and economic ties between Taiwan and the U.S. have grown closer in recent years. The island faces rising pressure from China, which sees the island as part of Chinese territory and vows to annex it, by force if necessary. Washington is bound by its own laws to provide Taipei with the means to defend itself, and politicians — both Republicans and Democrats — have come to believe it is in the U.S. interest to deter Beijing from attacking Taiwan. Many policymakers and analysts have argued that arming Taiwan includes not only weapons sales but closer economic and trade ties so the island is less vulnerable to economic coercion from the mainland. The U.S. is now the top destination for Taiwan's foreign investments, including $165 billion by Taiwan's semiconductor giant TSMC to build factories in Arizona to make advanced chips. The island also is the 7th largest market for U.S. agricultural exports, Lai said. However, the U.S. buys far more from Taiwan and had a trade deficit of $116.3 billion in 2024, according to the Office of the U.S. Trade Representative. The 32% tariff, as proposed by President Donald Trump as part of his sweeping tariff plan, is on hold except a 10% baseline duty. Earlier this month, Lai downplayed the trade tensions between the U.S. and Taiwan as 'frictions between friends.' The congressional delegation stopped in Taipei as part of the group's larger visit to the Indo-Pacific region through Thursday, according to American Institute in Taiwan, the de facto U.S. diplomatic mission on the island.
E&E News
23-05-2025
- Business
- E&E News
Alaska drilling, mining could see a megabill comeback
House Republicans sacked two prominent Alaska drilling and mining provisions from their tax, energy and national security megabill just hours before it cleared the chamber, but a top GOP lawmakers has hopes the Senate will add them back in. The two provisions cut from H.R. 1, the 'One Big Beautiful Bill Act,' would have facilitated approval of the Ambler mining access road and ramped up drilling in Alaska's National Petroleum Reserve. They are long-sought priorities for Republicans, and their fate on the cutting room floor came as a surprise. House Natural Resources Chair Bruce Westerman (R-Ark.), however, said the provisions were removed over procedural concerns relating to the budget reconciliation process. Advertisement 'These provisions were addressed in the manager's amendment out of an abundance of caution as part of the nuanced reconciliation process,' Westerman said in an email.
