U.S. Postal Service May Leave International Agreement U.S. May Withdraw from UPU According to Freight Waves, “The U.S. Postal Service (USPS) will leave the Universal Postal Union (UPU) on October 17, ending 144 years of U.S. involvement in the international body that governs the exchange […]
Section 301 increase from 25% to 30% on October 15 on List 1, 2, 3 Tariff Increase from 25% to 30% In retaliation to China’s tariffs on $75 billion worth of U.S. products, the United States Trade Representative announced that the Section 301 tariffs on […]
China Waives Tariffs on 16 U.S. Products Tariffs include 16 U.S. Products According to the South China Morning Post, China has just announced that it is waiving import tariffs on 16 different U.S. products into China. The tariff exemptions include shrimp, some insecticides, animal feed […]
Section 301 List 4 – Products Removed, Products Delayed until Dec. 15 The USTR announced updates on the Section 301 List 4. First, 25 different items were completely removed from the list and will not undergo the additional tariff. Second, an ad valorem duty of […]
India Places Retaliatory Tariffs on U.S. Imports India has announced it will place retaliatory tariffs on U.S. imports into the country after delaying the decision for nearly one year. On June 21, 2018, India had originally announced it would impose tariffs on American goods in […]
List 3 Tariff Increase Delayed to June 15 The Office of the U.S Trade Representative announced it has been agreed upon to push back the effective date on additional List 3 tariffs. Originally goods had to be exported on or before May 10, 2019 and […]
Turkey reduces tariffs on U.S. goods into the country In August of 2018, President Trump doubled the import tariffs on steel and aluminum from Turkey. Obviously, this caused tension between the two parties. Turkey retaliated with a raise in tariffs on 22 U.S. originating products. […]
Exclusion From China Retaliatory Tariffs China announced it would begin accepting exclusion requests on June 3, 2019. The requests will be applied to the recent retaliatory tariffs that were announced on June 1, 2019. Background The original retaliatory tariffs, in this case, came after […]
Trump’s New Threat: Tariffs on all Imports from Mexico On May 30, 2019, President Trump announced if Mexico does not stop migration to his satisfaction, he will begin imposing tariffs on imports into the United States from Mexico. If Mexico’s response is not sufficient, the […]
Turkey urges U.S to stay in trade target Turkey & United States’ Relationship In February 2019, The United States and Turkey had dialogues to increase trade between the two regions up to a bilateral target of $75 billion. According to the Hurriyet Daily News, “Both […]
