On May 17, 2019, the Office of the United States Trade Representative (USTR) announced an agreement with Canada and Mexico for the elimination of Section 232 tariffs concerning steel and aluminum imports from those countries. Both Canada and Mexico also agreed to eliminate their retaliatory tariffs imposed on U.S. origin products in response to the…
Tag: tariffs
U.S. Section 301 Tariff Update: List 4 Published Covering Additional $300 Billion of Chinese Products
On May 13, 2019, The U.S. Trade Representative (USTR) published a potential expansion of Section 301 tariffs on Chinese products imported into the U.S. The USTR proposal includes assessing tariffs up to 25% covering $300 billion of Chinese-origin imports. If enacted by the U.S Administration, this would be the 4th list, or List 4, of…
U.S. President Announces Increase in Section 301 Tariffs on Chinese Imports
May 6, 2019 A reminder that on April 17, 2019, U.S. President Trump announced, via social media, his intent to increase Section 301 tariffs on Chinese imports currently being assessed 10% Section 301 duties. The new tariff rate would be 25%. Subject to clarification from the U.S. Trade Representative (USTR), this immediate increase to 25%…
Transpacific Eastbound Update
Source: JoC “China trade tariffs drove an early start to the ocean trans-Pacific peak season, but with the latest tranche of China trade tariffs increasing to 25 percent on Jan. 1, demand remains high. The pending tariffs generated a front-loading of holiday season merchandise in late summer and early autumn. Now, the specter of 25…
U.S. and Mexico Announce Broad Agreement on NAFTA Changes
Both the U.S. and Mexican governments recently announced agreement on broad changes to the existing North American Free Trade Agreement (NAFTA) framework. Specific areas of agreement between the two countries include: Mexican De Minimis Threshold Increases: Mexico will increase its De Minimis value to US$100 from US$50 allowing these shipments to enter without duties or…
China Announces Additional Tariffs Covering $60 Billion of U.S. Imports
In response to the United States recently announcing additional duties covering $200 billion worth of Chinese imports, China has announced its own tariffs covering an additional $60 billion in U.S. products. The Chinese government statement is available here (not translated). China states it has targeted over 5,000 U.S. products – all of which would attract…
