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On Friday, June 15, 2018, President Trump announced that the US would be imposing a 25% tariff on Chinese technology imports. The tariffs were originally proposed on March 22, 2018 as a result of a Section 301 investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. See our original post here.

Tariffs will be imposed on certain products starting on July 6, 2018.  Those products are listed here and consist of a subset of the products proposed on March 22.  Continue Reading President Trump Announces Tariffs on Chinese Technology Imports

As a result of the Steel and Aluminum tariffs announced by President Trump in March 2018, and amended with proclamations issued on May 1, 2018, and June 1, 2018, several trading partners have decided that reciprocal and retaliatory tariffs on U.S. products are appropriate.  To date, the following countries have decided to retaliate – Canada, China, the European Union, India, and Mexico. See the comprehensive list of retaliatory tariffs here.

Continue Reading Comprehensive List of Retaliatory Tariffs

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On June 7, 2018, Commerce Secretary Wilbur Ross announced that Chinese Telecommunications companies, Zhongxing Telecommunications Equipment Corporation of Shenzen, China and ZTE Kangxun Telecommunications Ltd. of Hi-New Shenzhen, China (collectively “ZTE”) have agreed to pay $1 billion and place an additional $400 million in suspended penalty money in escrow in order to be removed from the Denied Persons List.  This penalty payment is in addition to the over $850 million in penalties that ZTE already previously paid to multiple U.S. government agencies in March of 2017 when it first entered into a settlement agreement arising out of its illegal re-exportation of controlled U.S. origin telecommunications equipment to Iran and other prohibited destinations. Continue Reading Commerce Strikes Deal with Chinese Telecom Company ZTE with Largest Fine and Strictest BIS Compliance Measures to Date

Commerce Secretary Wilbur Ross announced on Thursday, May 31st that a 25 percent tariff on steel and a 10 percent tariff on aluminum will go into effect at midnight on May 31 on imports from Canada, Mexico, and the European Union. Those countries had previously been granted temporary exemptions from the initial tariffs announced in March as a result of investigations under Section 232 of the Trade Expansion Act of 1962. According to Secretary Ross, while discussions with the European Union were ongoing, the progress did not warrant another temporary exemption. Additionally, this announcement comes in the middle of the North American Free Trade Agreement (“NAFTA”) re-negotiations with Canada and Mexico. Ross stated that those talks have taken longer than expected and there is no precise end date in sight. Continue Reading Tariffs to Be Imposed on Imported Steel and Aluminum from the EU, Canada, and Mexico

President Trump announced today, May 8, 2018, that the United States will withdraw from the Iran Nuclear Deal and will begin reimposing previously waived sanctions on Iran.  The deal, formally known as the Joint Comprehensive Plan of Action, or JCPOA, was signed by the U.S. in July 2015 along with China, France, Germany, Russia, the United Kingdom, the European Union and Iran. The White House issued a statement which explained that “President Trump is terminating United States participation in the JCPOA, as it failed to protect America’s national security interests.”

Continue Reading President Trump Announces Decision to Withdraw from Iran Nuclear Deal and Reimposition of Previously Waived Sanctions

Stainless steel factoryOn April 30, 2018, the President issued two new Proclamations regarding the 232 tariffs imposed on imports of steel and aluminum articles into the United States.  The new Proclamations modify the previous steel and aluminum Proclamations with respect to imports from Canada, Mexico, the European Union, Argentina, Australia, Brazil and South Korea.

Continue Reading President Continues 232 Exemptions for Certain Countries, Announces Quota on Imports of Steel from South Korea

globe AsiaThe Chinese Ministry of Commerce announced on Sunday that it would be imposing duties on 128 different U.S. products beginning today, April 2. They provided the list of products last week, particularly targeting U.S. agriculture. The tariffs are on an estimated $3 billion worth of goods.

There will be a tariff of 15% on commodities such as fruits and nuts, wine, seamless steel pipes and modified ethanol. The 15% tariff will apply to 120 tariff lines, including the following: Continue Reading China Announces New Retaliatory Tariffs on U.S. Goods

North America MapOn March 23, 2018, the President signed into law the “Consolidated Appropriations Act, 2018” which, in addition to authorizing certain full-year federal appropriations, also included the renewal for the Generalized System of Preferences through December 31, 2020. The Generalized System of Preferences (commonly referred to as GSP) allows duty-free entry for over 5,000 goods from a wide range of designated beneficiary countries. The program was authorized by the Trade Act of 1974 to promote economic growth in developing countries and was implemented on January 1, 1976.

Continue Reading Congress Renews Generalized System of Preferences (GSP) with Retroactive Effect

Stainless steel factoryCountry Exemptions

On March 22, 2018, the President issued new Proclamations temporarily exempting imports from certain countries from the steel and aluminum tariffs that were announced in Proclamations 9704 and 9705 of March 8, 2018. The President had previously exempted imports from Canada and Mexico and the new Proclamations add exemptions for imports from Argentina, Australia, Brazil, European Union member countries, and South Korea. However, the Proclamations make clear that the exemptions, including the exemptions for Canada and Mexico, are temporary and that tariffs will go into effect on imports from an exempted country on May 1, 2018 unless the country has reached an agreement with the United States on an alternative means to remove the threat to national security posed by imports of steel articles from the country. If any agreements are reached and any countries are exempted on a long term basis, the President will consider adjustments to the tariff level imposed on non-exempt countries.

In the meantime, the President may consider quotas on imports from exempt countries. If a quota is imposed, the quota amount imposed will take into account all imports of steel and aluminum since January 1, 2018.

While the country exemptions may extend beyond May 1, depending on the progress on trade negotiations, there is no guarantee of such extensions.

Continue Reading President Exempts Countries from Steel and Aluminum Tariffs, Makes Product Exclusions Retroactive

globe AsiaOn March 22, 2018, the President issued a Presidential Memorandum in which he announced the actions the United States will take in response to China’s allegedly unfair trade practices found by the Office of the United States Trade Representative (USTR) in its Section 301 investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. The actions are as follows:

Continue Reading President Announces Actions against China for Intellectual Property Practices