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USTR has finalized a proposal to extend the 25 percent tariff that the U.S. imposed July 6 on $34 billion worth of Chinese goods to an additional $16 billion worth of imports from China. CBP will begin collecting additional duties on these products Aug. 23.
As expected, President Trump took action on Aug. 6 to begin reimposing nuclear-related primary and secondary sanctions against Iran following a decision to cease the United States’ participation in the Joint Comprehensive Plan of Action.
USTR has set Sept. 6, rather than the previously announced Sept. 5, as the new deadline to submit written comments and post-hearing rebuttal comments in connection with a proposal to increase from 10 percent to 25 percent the additional tariff proposed in July on $200 billion worth of goods imported from China. The other key dates in this proceeding remain as previously announced.
U.S. and foreign food and medical device facilities that do not properly renew their registrations with the Food and Drug Administration can be locked out of the U.S. market. Renewals for both types of facilities are due this year starting Oct. 1.
U.S. Trade Representative Robert Lighthizer said this possible change is intended to provide the administration with additional options to encourage China to “change its harmful policies and adopt policies that will lead to fairer markets and prosperity for all our citizens.”
Beginning Aug. 1 companies importing into China must file a new, single customs declaration that combines the requirements of the General Administration of Customs and China Inspection and Quarantine. However, there are already reports that confusion about the new declaration has resulted in shipment problems.
The Bureau of Industry and Security has issued a final rule that, effective Aug. 1, adds 44 entities in China to the Entity List, which lists entities restricted from receiving U.S. exports of goods controlled under the Export Administration Regulations. This rule also modifies one entry under China to provide additional addresses and names for the entity at issue.
The Court of International Trade has ordered the National Marine Fisheries Service to prohibit imports of fish or fish products from any Mexican commercial fishery that uses gillnets within the range of the critically endangered vaquita porpoise (i.e., the Upper Gulf of California).
U.S. Customs and Border Protection has issued a proposed rule to implement the changes to drawback law made by the Trade Facilitation and Trade Enforcement Act. However, the proposal goes beyond TFTEA implementation and also proposes a change to how CBP treats drawback of excise and other federal taxes. Comments on this proposal are due by Sept. 13.
The U.S. and the European Union announced July 25 “a new phase” in their bilateral relationship that will feature “strong trade relations in which both [sides] will win.” The agreement appears to ease trade tensions that have escalated in recent months as the two sides have raised tariffs on each other’s products.
The Trump administration announced July 24 plans for up to $12 billion in assistance for U.S. farmers whose exports have been affected by restrictions imposed by foreign countries in retaliation for the administration’s increased tariffs on imported goods. However, reaction to the announcement was largely negative.
An organization known to be critical of Chinese trade policies said in a recent report that while U.S. policymakers should give due consideration to the enduring effects of the “China trade shock” they should also recognize the new opportunities and increased purchasing power it has provided for U.S. workers and consumers.
Businesses with operations in industries and/or countries identified in a new U.S. government advisory as being at high risk of violating sanctions against North Korea should closely examine their supply chains and adopt appropriate due diligence practices. This advisory highlights sanctions evasion tactics used by North Korea and notes that well-documented due diligence policies and practices to counter these tactics may be considered mitigating factors when enforcement responses are determined.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, and Trade Subcommittee Chairman Dave Reichert, R-Wash., are calling on the Trump administration to issue regulations implementing the duty drawback provisions of the Trade Facilitation and Trade Enforcement Act “without further delay.”
Effective July 19 the European Commission imposed provisional safeguard measures on imports of a number of steel products in an effort to prevent the diversion of steel from other countries to the EU market as a result of the U.S. Section 232 tariffs on steel. EU Trade Commissioner Cecilia Malmström said these measures “will maintain traditional trade flows” and should “strike the right balance between the interest of EU producers and users of steel, like the automotive industry and the construction sector, who rely on imports.”
Senate Finance Committee Chairman Orrin Hatch, R-Utah, said July 17 that he will work to advance legislation to curtail the president’s trade authority if the Trump administration continues with its “misguided and reckless reliance on tariffs.” Hatch’s comments come amid increasing concern among both Republicans and Democrats about the effects on U.S. businesses and workers of the Section 232 and Section 301 tariffs the administration has imposed in recent months as well as the retaliatory duties several major trading partners have levied against U.S. goods.