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Trade News
Trade News
05
Jun
June 04, 2020 |
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.4 billion in April, up $7.1 billion from $42.3 billion in March, revised.
Notably, the Commerce Department reported a record 13.7% drop in imports compared to March, and a 20.5% fall in exports—another record—over the same period.
To access the full report: Monthly U.S. International Trade in Goods and Services, April 2020
Compliments of the US Department of Commerce.
03
Jun
June 02, 2020 |
The Office of the U.S. Trade Representative (“USTR”) has issued a notice requesting comments on whether certain additional China 301 tariff exclusions, scheduled to expire on August 7, 2020, should be extended. It has previously solicited comments with respect to the exclusions described in the 11 List 3 product exclusion notices issued as of March 26, 2020 (details at: https://www.gdlsk.com/ustr-seeking-comments-on-the-extension-of-certain-expiring-china-301-list-3-exclusions/).
In its current notice, it is now soliciting comments on whether to extend, for a period of up...
01
Jun
May 14, 2020 |
With the current fast-changing developments, policy makers need to know what is happening to the economy in real time, but they often must settle for data telling them what happened many weeks ago. And international trade, which links countries through a complex web of supply chains, is an area where timely information is especially valuable from a global perspective.
Most trade takes place by sea, and—for navigational safety purposes—virtually all cargo ships report their position, speed, and other...
26
May
On May 21, 2020, the U.S. Trade Representative (“USTR”) announced that 78 items will be excluded from the Section 301 trade remedies imposed on Chinese-origin products. In addition the scope of four existing exclusions is being modified. The newly announced exclusions / modifications all relate to items on China 301 List 3 (which is part of the $200 billion trade action) which, unless excluded, are currently subject to an additional tariff of 25% ad valorem. The list of newly-excluded...
13
Mar
Healthcare | Issued on: March 11, 2020
On January 31, 2020, I issued Proclamation 9984 (Suspension of Entry as Immigrants and Nonimmigrants of Persons Who Pose a Risk of Transmitting 2019 Novel Coronavirus and Other Appropriate Measures To Address This Risk). I found that the potential for widespread transmission of a novel (new) coronavirus (which has since been renamed “SARS-CoV-2” and causes the disease COVID-19) (“SARS-CoV-2” or “the virus”) by infected individuals seeking to enter the United States threatens...
21
Oct
Georges Ugeux, CEO | Galileo Global Advisors
Matt Phillips made an unambiguous conclusion in the New York Times this week, warning Wall Street’s Sky-High Expectations Are About to Collide With Reality. Phillips points at the bleak outlook following the most recent corporate earnings trends. He is right in reminding investors of the real signs we should pay attention to — but too often ignore.
What is the disconnect?
The equity market today is at the same level as it was a year ago. During those...
07
Oct
Following the publication today of the World Trade Organization's (WTO) award regarding the amount of U.S. countermeasures in the WTO Airbus dispute, Commissioner for Trade Cecilia Malmström made the following statement:
“The European Union takes note of the decision of the World Trade Organization's (WTO) arbitration panel in the Airbus case, and the level of possible countermeasures.
We remain of the view that even if the United States obtains authorisation from the WTO Dispute Settlement Body, opting for applying countermeasures now would be...
02
Oct
On October 2, 2019, the World Trade Organization (“W.T.O.”) announced that the U.S. can impose $7.5 billion in tariffs annually on products of the European Union (“E.U.”), in retaliation for the E.U. illegally subsidizing its large civil aircraft manufacturer, Airbus. In anticipation of this decision, the U.S. prepared two lists of tariff provisions on which the U.S. proposed levying retaliatory tariffs of “up to 100%”. Such tariffs would be in addition to the regular rates of duty that apply....
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