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Trade News
Trade News
02
Oct
On September 27, 2019, the U.S. Trade Representative (“USTR”) announced that 203 additional product descriptions will be excluded from the Section 301 trade remedies imposed on Chinese-origin products. The 203 exclusions consist of 92 product descriptions from Tranche 1 and 111 product descriptions from Tranche 2. This latest set supplements the exclusions the USTR previously granted. The list of 203 newly-excluded product descriptions is provided below. The exclusions will be retroactive to when the additional tariffs took effect –...
05
Aug
The European Union and the United States, represented respectively by Stavros Lambrinidis, EU Ambassador to the United States and Jani Raappana, Deputy Head of Mission, for the Finnish Presidency of the Council of the EU, and Robert Lighthizer, U.S. Trade Representative, signed today in Washington D.C. an agreement reviewing the functioning of an existing quota to import hormone-free beef into the EU.
This is another deliverable of the cooperation fostered by the Joint Statement issued by Presidents Juncker and Trump in July...
01
Aug
By Thompson Hine International Trade
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 of the Trade Expansion Act of 1962.
The complaint seeks declaratory relief from the U.S. Court of International Trade (CIT) determining that the Department’s...
29
Jul
Sabine Weyand, EU's new Director-General for Trade, gives an update on EU-US trade and shares her insights on why the EU has been so busy striking new trade agreements in our latest EU Now podcast.
Find the podcast HERE
25
Jul
Today, July 25, marks the first anniversary of the Joint Statement by President Juncker and President Trump, which launched the new phase in the relationship between the United States and the European Union.
As a first step, the Presidents set up an Executive Working Group, co-chaired by Commissioner for Trade Cecilia Malmström and her counterpart US Trade Representative Robert Lighthizer, to work on the different tracks for cooperation identified in the Joint Statement.
One year on, a series of concrete actions...
17
Jun
The World Trade Centers Association (WTCA) unveiled its second annual Trade and Investment Report (www.WTCAReports.org), conducted in partnership with FP Analytics. The report details the key factors that enable cities to remain resilient as dramatic shifts in trade-and-investment policies intensify economic competition. Moreover, on-the-ground insights from interviews with WTCA members around the world reveal that the damage being caused to global trade and investment may be worse than is currently captured by traditional indicators.
Global trade grew 3 percent in 2018, but...
17
Jun
The European Commission's report released today confirms the continuous rise in barriers encountered by European companies in foreign markets. Thanks to the EU's firm response, 123 such barriers have been eliminated since the beginning of the current Commission mandate, allowing for more than €6 billion extra exports in 2018.
The latest edition of the Trade and Investment Barriers Report (TIBR) identifies 45 new trade barriers put in place in countries outside the EU in 2018, bringing the total number to...
28
May
May 21, 2019
Global growth slowed sharply in late 2018 and is now stabilising at a moderate level. Escalating trade conflicts and dangerous financial vulnerabilities threaten a new weakening of activity by undermining investment and confidence worldwide, according to the OECD’s latest Economic Outlook.
The global economy is expected to achieve moderate but fragile growth over the coming two years. Vulnerabilities stem from trade tensions, high policy uncertainty, risks in financial markets and a slowdown in China, all of which could...
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