On March 8, 2018, President Trump imposed new tariffs on steel and aluminum imports into the US. Effective March 23, 2018, a 25% tariff will be imposed on steel articles corresponding to Harmonized Tariff Schedule (“HTS”) codes 7206.10 through 7216.50, 7216.99 through 7301.10, 7302.10, 7302.40 through 7302.90, and 7304.10 through 7306.90. In addition, a 10% tariff will be imposed on aluminum articles corresponding to the HTS codes for: (a) unwrought aluminum (HTS 7601); (b) aluminum bars, rods, and profiles (HTS 7604); (c) aluminum wire (HTS 7605); (d) aluminum plate, sheet, strip, and foil (flat rolled products) (HTS 7606 and 7607); (e) aluminum tubes and pipes and tube and pipe fitting (HTS 7608 and 7609); and (f) aluminum castings and forgings (HTS 7616.99.51.60 and 7616.99.51.70).
Continue Reading The Clash of Steel: U.S. Tariffs Imminently In Force, Canada and Mexico Exempt
Trade Negotiations
EU Trade Quarterly Summary
By Cleary Gottlieb on
This Trade Summary provides an overview of WTO dispute settlement decisions and panel activities, and EU decisions and measures on commercial policy, customs policy and external relations, for the third quarter of 2017.
If you have any questions regarding the above, do not hesitate to contact fclaprevote@cgsh.com or tmuelleribold@cgsh.com.
UK’s Proposals for Future Customs Arrangements Post-Brexit
By François-Charles Laprévote & Sujin Chan-Allen on
In a “Future Partnership Paper” released on August 15, the UK presented two options for a customs regime upon its exit from the EU.
Continue Reading UK’s Proposals for Future Customs Arrangements Post-Brexit
Opening Up European and Japanese Markets: What the EU-Japan Trade Deal Means for Businesses
By François-Charles Laprévote & Sujin Chan-Allen on
On July 6, 2017, the EU and Japan announced an “Agreement in Principle” on the EU-Japan Economic Partnership Agreement (“EPA”). Negotiations on “the world’s largest, free, industrialised economic zone” began in 2013, and have now culminated in a political agreement which sets out the commitments of both Parties on numerous topics. While parts of the draft text have been published, many issues remain under negotiation. Nonetheless, the EPA provides useful guidance on what European and Japanese businesses can plausibly expect from this deal. A summary of key issues is set out below.
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President Trump Announces Limited Roll-Back of Obama-Era Cuba Sanctions Relief
By Paul Marquardt on
On June 16, 2017, the President released a National Security Presidential Memorandum, which outlines the Trump Administration’s national security and economic policy towards Cuba. The Presidential Directive lays out the framework for rolling back certain Obama-era regulations that eased travel and trade restrictions between the United States and Cuba. The White House has released a fact sheet related to today’s Presidential Directive, and the Office of Foreign Assets Control (“OFAC”) has released a list of frequently asked questions.
Continue Reading President Trump Announces Limited Roll-Back of Obama-Era Cuba Sanctions Relief