Thompson Hine International Trade

Subscribe to Thompson Hine International Trade's Posts

In what has been called a “mini-trade deal” or the “first stage” of a broader trade agreement, the United States and Japan have reached agreement in several areas of trade between the countries involving market access, reduced tariffs and digital trade. President Donald Trump announced that Japan will be liberalizing market access for certain U.S.…

The U.S. Department of the Treasury (Treasury) has issued proposed regulations concerning the Committee on Foreign Investment in the United States (CFIUS) that will fully implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). The proposed regulations were published in two parts in the Federal Register:

…

On September 11, 2019, the Customs Tariff Commission of China’s State Council (CTCSC) announced its first batch of tariff exclusions for imports of U.S. products, covering shrimp, fish meal, lubricants and more, according to an unofficial translation of a Ministry of Finance press release. These exclusions will be executed under two different lists:

…

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced that, effective October 9, 2019, the Cuban Assets Control Regulations (CACR) will be amended to further restrict certain financial transactions involving Cuba and to deny Cuba access to hard currency. In a press release, OFAC announced that these changes will amend certain…

President Donald Trump announced via Twitter that his administration will delay until October 15, 2019, its increase in Section 301 tariffs from 25 percent to 30 percent on products from China appearing on Tranches/Lists 1-3. The president and the Office of the U.S. Trade Representative (USTR) had previously indicated that the 5 percent increase would…

In the past week, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) has continued to increase pressure on Iran and North Korea by further identifying certain individuals and entities in the shipping sector as engaging in illicit activities and tightening related economic sanctions.

On August 30, 2019, OFAC designated two individuals, three…

Following up on President Donald Trump’s tweets and an earlier press statement (see Trump and Trade Update of August 26, 2019), the Office of the U.S. Trade Representative (USTR) has formally published a Federal Register notice requesting public comment on its intent to increase the Section 301 tariff from 25 percent to 30 percent…

The Office of the U.S. Trade Representative (USTR) formally announced today that an additional duty rate of 15 percent – not 10 percent as originally announced – will begin Sept. 1, 2019, on products imported from China and covered under Annex A of the August 20, 2019 Federal Register notice concerning tariffs on imported Chinese…

On August 23, 2019, the ongoing trade dispute between the United States and China escalated quickly when China announced that it would impose tariffs on an additional $75 billion worth of imports from the United States and President Trump tweeted in response that China should not have done so and that the United States would…

The Office of the U.S. Trade Representative (USTR) is holding a public hearing today regarding its ongoing Section 301 Investigation of France’s Digital Services Tax (DST) (see Trump and Trade Update of July 11, 2019). The French DST law imposes a 3% tax on annual revenues generated by companies that provide certain digital services…