U.S. – China Talks End after Three Days

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 […]

Trump wants to cancel the old NAFTA

Will NAFTA be canceled before the new USMCA is implemented? President Trump left the G20 Summit in Buenos Aires with some big stuff.  A new China trade truce, the signing of USMCA, and a comment to cancel the old NAFTA ahead of the new pact. A New China Truce One of the biggest moves in […]

U.S. – China Trade Truce

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. […]

USMCA Signed by United States, Mexico, Canada

USMCA is Official It is official! Friday, November 30, 2018, neighboring country leaders, United States President Donald Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto were able to come together in Buenos Aires, Argentina during sidelines of the G20 Summit and sign a newly renovated NAFTA.  The new agreement is now […]

USMCA Signing Tomorrow

An Underwhelming Event The G-20 Leaders Summit occurs tomorrow, November 30, 2018 in Buenos Aires and from what I have read, so far there will not be a large planned ceremony.  In fact, according to CBC News, one day before the Summit begins, “Officials don’t know yet who will sign the pact. And they haven’t […]

Will China and U.S. Resolve the Trade War?

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 […]

Will there be a USMCA Signing Party?

Canada says No. Not with Trudeau present anyway. Canada’s ambassador in Washington says Prime Minster Justin Trudeau will not be taking part in any sort of signing ceremony alongside President Trump if steel and aluminum tariffs aren’t lifted first.   According to CBC Canada, “Trudeau told CNN on Tuesday that Canada is not considering backing out […]

Trump signs MTB Act to decrease tariffs, China Imports still benefit

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 […]

HTSUS Chapter 44 Changes; Subject to Section 301 Tariffs

Information Derived from U.S. Customs Cargo Systems Messaging Service 9/28/2018 Background On August 18, 2017, the Office of the United States Trade Representative (USTR) initiated an investigation under Section 301 of the Trade Act of 1974 into the government of China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation. On June […]

The new NAFTA, USMCA

U.S., Mexico and Canada create the USMCA  Canada and the U.S. reach an agreement on North American trade after talks this weekend, and Canada will officially be signing a new NAFTA with U.S. and Mexico, bringing the revamp of the North American Trade Agreement to life.  In fact, the new deal has a new name:  […]