Late in the evening on September 30, 2018, the United States, Canada and Mexico announced the conclusion of negotiations of the United States – Mexico – Canada Agreement (”USMCA”) (also known as NAFTA 2.0). While the text of USMCA remains to be finalized, formally signed and ratified by each of the three countries, a preliminary
China 301 List 3 – 25% Duty ???
On August 1, 2018, USTR Lighthizer issued a press release indicating he was following through with President Trump’s direction and will consider raising the rate of duty from 10% to 25% on those products on China 301 List 3. A formal notice in the Federal Register is expected soon.
Mr. Lighthizer also announced the written
China 301 – List 3 Now A Reality
Late on July 10, 2018, U.S. Trade Representative Lighthizer released a list of the next Chinese-made products targeted for additional duties, this time at a 10% rate and worth about $200 billion. The statement in support of this action can be found here: USTR Statement Supporting China 301 List 3; and the list of
Canada Retaliates
Canada
On June 29, 2018, Canada released its list of products on which retaliation will be taken against the 232 steel and aluminum tariffs imposed by the U.S. Table 1 products are subject to a 25% surcharge. While the products listed on Tables 2 and 3 are subject to a 10% surcharge. See Canada 232
To Tariff or Not to Tariff – That Is The Question!
In the current tit for tat environment that overhangs international trade, below is an update regarding the 232 tariffs on steel and aluminum, the 301 tariffs related to China’s intellectual property rights and other business practices, and the 232 tariffs threatened on automobiles and parts.
Steel and Aluminum Tariffs:
As everyone by now knows,
232 Auto Investigation Timeline Published
The Federal Register notice advising the timeline which applies to the Administration’s 232 investigation regarding automobiles and parts was published on May 30, 2018. The relevant time frame requires that written comments are due by June 22, 2018 and rebuttal comments by July 6, 2018. A public hearing will be held on July 19 and
Which Way Is Up?
Canada
This client alert was originally published on May 30, 2018, and now there is an update. Today, May 31st, President Trump announced a resolution with Argentina, Brazil and Australia regarding the 232 tariffs on steel (25%) and/or aluminum (10%), but as there is no similar agreement with Canada, Mexico or the EU, the tariffs
The United States Imposed 25% Steel Tariffs and 10% Aluminum Tariffs on Canada and Canada Responds
U.S.A.
On May 31, 2108, President Trump issued two Presidential Proclamations, which impose steel and aluminum tariffs on Ca
nada. All exports of covered steel will be subject to a 25% import tariff (Canadian steel into the United States) and all exports of covered aluminum products will be subject to a 10% tariff (Canadian aluminum
Schrödinger’s Cat: Can Goods Be Subject to Customs Duties and Not Subject Customs Duties At the Same Time?: Look in the Box before Shipping
Anyone who watches “The Big Bang Theory” knows about Schrödinger’s cat. The cat was both thought to be dead and thought to be not dead at the same time. There is a similar paradox for Canadian companies who sell to the United States and/or China. Canadian goods may be thought to be not subject to
Steel/Aluminum Safeguard Tariffs HTS Update Published
The ABI programming for the new Harmonized Tariff System (HTS) classifications implementing the steel and aluminum safeguard tariffs was released earlier today by CBP.
The HTS numbers added are:
9903.80.01 STEEL PROD, NOTE 19, EX CA/M 25%
9903.85.01 ALUMINUM PROD, NOTE 19, EX CA/M 10%
with respect to goods entered, or withdrawn from warehouse for