Two Days Turned into Three Days Keith Bradsher of The New York Times states, “Three days of trade negotiations between midlevel American and Chinese officials ended in Beijing on Wednesday afternoon with progress in identifying and narrowing the two sides’ differences but little sense of when they might reach a deal.” The original mid-level talks […]
U.S. – China Trade Deal in Discussions United States’ President Trump and China’s President Xi Jinping met on the sidelines of the G20 Summit in Buenos Aires this past weekend to discuss their differences in trade. The outcome? A truce to the trade war and a pause on threatened tariff increases on January 1, 2019. […]
China sends Response to U.S. China and the U.S. may end up with some formal negotiations to resolve the current China-U.S. Trade War that is going on now. According to Reuters, “Trump is expected to meet Chinese President Xi Jinping on the sidelines of a G20 summit in Argentina at the end of November and […]
Let’s debrief the Section 301 situation. List 1, effective July 6, 2018 places an additional duty rate of 25% on $34 billion worth of goods from China. List 2, effective August 23, 2018 places an additional duty rate of 25% on $16 billion worth of goods from China. List 3, effective September 24, 2018 places an additional 10% […]
MTB Act Creates Decreased Tariffs! On September 13, 2018, President Trump signed into law: H.R. 4318, the “Miscellaneous Tariff Bill Act of 2018,” which provides for duty suspensions and reductions for certain products entered into consumption on October 13, 2018 through December 31, 2020. The Miscellaneous Tariff Bill (MTB) reduces or completely eliminates duty […]
Will Steel and Aluminum Tariffs be Lifted before the end of November? Mexico will not sign the United States-Mexico-Canada Agreement (USMCA) until the United States removes steel and aluminum tariffs on both Canada and Mexico. The final text is currently being written and the goal is to have all three countries sign by the end […]
Additional Duty on $200 Billion from China On September 17, 2018, President Trump announced the United States Trade Representative (USTR) will be proceeding with placing additional tariffs on roughly $200 billion of imports from China. The tariff will go into effect on September 24, 2018 and add 10% duty to the items on this list. […]
A Summary of U.S. Trade Developments Written by Daniel D. Ujczo, Practice Group Chair – Intl & Regional Practices, Dickinson Wright Read the Updated Version (August 25, 2018) here NAFTA Re-Negotiation This week is Now, Nineteen (as in 2019), or potentially Never in the ongoing renovation of the North American Free Trade Agreement (NAFTA). A US-Mexico […]
Background The 2016 Presidential Campaign targeted “Putting America First,” bringing a fair, bilateral trade strategy to bring jobs and industry back to American shores. The U.S. withdrew from the Trans-Pacific Partnership (TPP) just three days into the new Administration in 2017 and immediately started working on renegotiating a new NAFTA, as well. Soon after, the […]
A message from NASCO (North American Strategy for Competitiveness) Network on July 23, 2018: Things have been quiet on the NAFTA front the past few weeks, but talks will restart this Thursday in Washington. Also, Canadian Parliamentary Secretary Pamela Goldsmith-Jones is in Mexico this week talking trade diversification with the Pacific Alliance partners. See the […]
