On August 13, the United States Trade Representative (USTR) released two additional lists of products that will be subject to a 10 percent tariff on approximately $300 billion worth of imported Chinese goods, pursuant to Section 301 of the Trade Act of 1974. The first set of tariffs will go into effect on September 1,
Treasury Naming China a Currency Manipulator Could Impact Future CVD Cases
On August 5th, the U.S. Treasury labeled China a currency manipulator, a move not taken by the United States since the early 1990s, as China allowed its currency to fall to an 11-year low against the dollar. Although the People’s Bank of China played down the drop, it did link it to the
USTR Adds Supplemental List of $4B Worth of Products to EU Airbus Dispute
The United States Trade Representative (USTR) has released a supplemental list of $4 billion worth of products to be added to the proposed tariff pursuant Section 301 of the U.S. Trade Act of 1974 related to the Boeing-Airbus Subsidy Dispute before the World Trade Organization’s (WTO) Dispute Settlement Body. You can find the complete product
USTR Announces List 3 Exclusion Process for Section 301 Tariffs
The U.S. Trade Representative (USTR) published a federal register notice today outlining the process for submitting Section 301 exclusion requests for List 3. The USTR noted that if an exclusion is granted, it will effective from the day the 10% tariff came to effect (i.e. from September 24, 2018). The USTR also introduced a new
Canada and Mexico Eliminate Section 232 Steel/Aluminum Countermeasures as of May 20
Following the U.S. removal of Section 232 tariffs on steel and aluminum products from Canada and Mexico, both countries have officially lifted their retaliatory tariffs.
- Canadian Finance Minister Bill Morneau announced that effective May 20, 2019, Canada is lifting its retaliatory countermeasures against the U.S.
- The Mexican Ministry of Economy published, and put into
USTR Announces China Section 301 List 4 with Public Hearing and Comment Dates
In a soon to be published Federal Register Notice, the U.S. Trade Representative (USTR) announced a proposed additional ad valorem duty of up to 25 percent on products from China with an annual trade value of an estimated $300 billion. The proposed product list (“List 4”) is located in the Annex to the notice
Tariffs on Chinese Goods Worth $200 Billion (List 3) to Increase from 10 to 25 Percent on Friday, May 10
According to a Federal Register Notice to be published on May 9, 2019, tariffs on Chinese goods worth $200 billion (also known as “List 3”) will be increased from 10 percent to 25 percent effective Friday, May 10, 2019.
The notice also announces that the United States Trade Representative (USTR) will establish a formal
Section 301 Tariffs for List 3 may be Raised to 25 Percent
On Sunday, May 5, 2019, President Trump announced that he would raise the List 3 Section 301 tariffs from 10 percent to 25 percent on $200 billion worth of imported Chinese products due to stalled trade negotiations between the two countries. President Trump indicated that the tariff increase would go into effect on May 10,
Trump Administration Readies $11 Billion in Tariffs against EU and Schedules Section 301 Hearing in WTO Airbus Case
On April 8, 2019, the Trump administration released a list (see Annex) of $11 billion of European goods threatened with tariffs because of the WTO decision finding that “harmful subsidies” support the aircraft manufacturer Airbus. This case had been in litigation at the WTO for 14 years. It began in 2004 when the United States
President Trump Removing India and Turkey from Generalized System of Preferences (GSP)
President Trump indicated in a press release from the USTR that he intends to remove India and Turkey from the list of Generalized System of Preferences (GSP) eligible countries. GSP provides reduced tariff rates for certain products from certain developing and least developed countries.
In the case of India, the removal is a response to