In remarks to attendees at the World Economic Forum in Davos, Switzerland, President Trump proclaimed that “the world is witnessing the resurgence of a strong and prosperous America” that has dramatically cut taxes and eliminated burdensome regulations, and is reforming bureaucracy and ensuring its laws are enforced fairly. While acknowledging his “America First” stance, the
Thompson Hine International Trade
Commerce Submits Report on Section 232 Aluminum Investigation
On January 19, the Department of Commerce submitted its Section 232 report to the White House on the national security implications of aluminum imports one business day ahead of its statutory deadline. The president now has 90 days from that date, January 19, to determine whether he agrees with the Commerce Department’s findings or will…
TPP Members Reach Agreement on Major Trade Pact
Toshimitsu Motegi, the Japanese government official in charge of Trans-Pacific Partnership (TPP) negotiations, announced today that the 11 countries still participating in the negotiations had agreed on a newly revised TPP, which will now be called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This resolution followed last-minute objections from Canada at a TPP…
President Trump Imposes New Tariffs on Washing Machines and Solar Cells and Modules
Under Section 201 of the Trade Act of 1974, President Donald Trump has imposed new tariffs on imported large residential washing machines and imported solar cells and modules, marking the first time the United States has imposed global safeguard restrictions since 2002. These new tariffs were based on recommendations by the U.S. International Trade Commission.…
New Section 232 Petition Seeks Investigation Into Effects of Uranium Imports on U.S. National Security
Energy Fuels Inc. and Ur-Energy Inc. (the petitioners) have jointly submitted a petition to the U.S. Department of Commerce for relief under Section 232 of the Trade Expansion Act of 1962 from imports of uranium products from state-owned and state-subsidized enterprises in Russia, Kazakhstan and Uzbekistan. According to the petition, such imports now supply nearly…
OFAC Sanctions Additional Iranian Individuals and Entities for Human Rights Abuses and Support of Weapons Proliferation
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated 14 individuals and entities for sanctions arising from serious human rights abuses and censorship in Iran and support of designated Iranian weapons proliferators. According to Treasury Secretary Steven T. Mnuchin, “The United States will not stand by while the Iranian regime continues…
President Trump Reluctantly Continues to Waive Nuclear Sanctions on Iran
President Trump has announced that he will continue to waive nuclear-related sanctions toward Iran despite his misgivings about the multi-party agreement with Iran known as the Joint Comprehensive Plan of Action (JCPOA, or commonly known as the Iran nuclear agreement) and Iran’s continued support for international terrorism, its human rights abuses and its continuing censorship…
United States and South Korea Hold Initial Meeting on Renegotiating Free Trade Agreement
On January 5, the United States and South Korea held their first meeting to discuss potential renegotiation of the U.S.- South Korea (KORUS) free trade agreement. In addition to discussing procedural and timetable issues, the United States discussed proposals to move toward fair and reciprocal trade in key industrial goods sectors, such as autos and…
President Trump Releases National Security Strategy
President Trump has released his first National Security Strategy (NSS), a statutorily mandated document that sets forth how the president intends to put his national security vision into practice on behalf of the United States. The strategy identifies four vital national interests, or “four pillars”: (1) Protect the American people, the homeland, and the American…
USTR Lighthizer Criticizes WTO at Opening of its 11th Ministerial Conference
At the introductory session for the 11th Ministerial Conference of the World Trade Organization (WTO), Ambassador Robert Lighthizer acknowledged that the WTO is an important institution but then proceeded in his opening statement to criticize the organization and its focus. He stated that the WTO is “losing its essential focus on negotiation and becoming a…
