In the wake of the Phase One trade deal signed on January 15, 2020, China has decided it will reduce tariffs on $75 billion of U.S. goods. China’s ministry of economy published an announcement on February 5, 2020 outlining that it will reduce tariffs on some U.S. goods to 5% from 10%, while other products
U.S. and China Sign “Phase One” Trade Deal
Today President Trump and Chinese Vice Premier Liu He signed a “Phase One” trade agreement, the first formal text agreement between the two sides since the United States initiated the Section 301 investigation in August 2017, which has since led to mounting U.S. and Chinese tariffs affecting bilateral trade.
The agreement does not specifically
U.S. Agrees to Suspend List 4b Tariffs and Decrease List 4a Tariffs in a “Phase One” Trade Deal with China
On December 13, 2019, the United States Trade Representative (USTR) announced a “Phase One” agreement with China that will cease the imposition of 15% tariffs on $160 billion worth of Chinese imports that were scheduled to be imposed on December 15. According to a statement published by USTR, the U.S. will maintain tariffs on approximately
Trade Talks between U.S. and China to Resume on October 10.
Trade talks between the United States and China are set to resume on October 10, 2019 in Washington, D.C., in order to determine if the two countries can make a plan to lead them out of the current trade war. On Wednesday, September 25, 2019, President Trump said that a deal to end the nearly
China Exempts 16 Types of U.S. Products from Retaliatory Tariffs ahead of Trade Talks with U.S.
On September 11, 2019, China’s Ministry of Finance announced exemptions for sixteen (16) U.S. product lines from its retaliatory tariffs against the United States. These exemptions may be viewed as a gesture of good will from China and an attempt to de-escalate the tariff and trade war between the two countries that has been waging
China Exempts 16 Types of U.S. Products from Retaliatory Tariffs ahead of Trade Talks
On September 11, China’s Ministry of Finance announced exemptions for 16 U.S. product lines from retaliatory tariffs. The exemptions are seen as a gesture of good will from China and an attempt to de-escalate the tariff war between the two sides that has been raging on for over a year. Deputy-level trade negotiators from Washington
China Announces $75 Billion in Additional Retaliatory Tariffs
On August 23, the Customs Tariff Commission of China’s State Council announced the decision to impose approximately $75 billion in additional tariffs on the United States. Beijing’s latest retaliatory tariffs are in response to President Trump’s List 4 Trade Action of $300 billion dollars which USTR published earlier in August.
Mirroring the rollout of U.S.
China Releases Product Exclusion Process for Certain U.S. Products Subject to Additional Retaliatory Tariffs
On May 13, 2019, the Chinese Customs Tariff Commission of the State Council (CTCSC) issued CTCSC Announcement [2019] No. 3 announcing China’s retaliatory measures in response to the United States’ latest increase of Section 301 tariffs from 10% to 25% on $200 billion worth of Chinese imports.
According to the CTCSC Announcement [2019] No. 3,
Crowell & Moring Expands International Trade and Global Practices with Four Senior Lawyers; CMI Breaks New Ground in Shanghai
Leading Team Assists Clients with Global Expansion in Asia
Los Angeles – March 11, 2019: Crowell & Moring LLP is broadening its ability to help multinational clients navigate global expansion and regulatory compliance in China and the Asia Pacific by adding four international trade and global employment lawyers: partners Nicole J. Simonian and Evan Yee-Fan
U.S. and China Agree to 90-Day Trade Truce to Negotiate “Structural” Trade Issues
On December 1, President Trump and President Xi reached agreement on the margins of the G20 in Buenos Aires to delay an increase on the third, $200 billion tranche of Section 301-related tariffs from 10% to 25%, which was originally set to take place January