Tariffs/Trade Policy

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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 U.S. Trade Representative (USTR) released a press statement announcing the list of imports from China that will face a Section 301 10 percent tariff (see also Trump and Trade Update of May 14, 2019). Implementation of the tariff on approximately $300 billion worth of Chinese products will occur in two phases. For most…

The U.S. Department of the Treasury announced yesterday that Secretary of the Treasury Steven Mnuchin is designating China as a “currency manipulator,” stating that “China has taken concrete steps to devalue its currency, while maintaining substantial foreign exchange reserves despite active use of such tools in the past. The context of these actions and the…

On August 2, 2019, the Office of the U.S. Trade Representative (USTR) issued its first batch of Section 301 product exclusions for imported Chinese products appearing on List 3. These products, which have an annual trade value of approximately $200 billion, have been subject to Section 301 tariffs since September 24, 2018. The USTR determined…

It has not been officially announced yet, but President Donald Trump tweeted today (see below) that products on the yet-to-be-finalized Tranche/List 4 of imports from China valued at $300 billion will be assessed a 10 percent tariff starting September 1. While noting that this week’s trade negotiations between the U.S. and Chinese governments were constructive…

On July 30, 2019, JSW Steel (USA), Inc. (JSW) filed a complaint against the United States and, specifically, the Department of Commerce (Department) for denying its product exclusion requests for certain steel imports that otherwise are subject to a 25 percent tariff under President Donald Trump’s March 2018 proclamation implementing such tariffs under Section 232…

The Office of the U.S. Trade Representative released today its first batch of product exclusions for List 2 of the Section 301 tariffs on imports from China valued at $16 billion. List 2 products were assessed a 25 percent tariff as of August 23, 2018. This batch of exclusions covers 69 specially prepared product descriptions,…

According to recently released U.S. Customs and Border Protection (CBP) data, the agency has assessed, as a result of tariffs implemented through U.S. government actions under Section 232 of the Trade Expansion Act of 1962 and Sections 201 and 301 of the Trade Act of 1974, approximately $30.9 billion in import duties as of July…