Tariff Actions Resource Page
Visit our Tariff Actions Resource Page for information, deadlines and resource documents on the various U.S. tariff actions and the responses by the rest of the world.
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Sandler, Travis & Rosenberg Trade Report
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A recent Gallup poll found that nearly three-quarters of Americans see foreign trade as an opportunity for U.S. economic growth, a major increase over the figures registered for the past 20 years.
Businessman Wilbur Ross was confirmed as secretary of commerce Feb. 27 by a 72-27 Senate vote. The same day the White House named several senior trade policy advisors to the staff of the National Economic Council.
Mexican Economy Minister Ildefonso Guajardo warned recently that his country will walk out of negotiations to renegotiate NAFTA if the U.S. presses forward with President Trump’s threat to impose tariffs on imports from Mexico.
A controversial overhaul of the U.S. tax code proposed by House Republicans would not put the U.S. at a trade advantage or disadvantage, according to a recent report from independent research organization The Tax Foundation. The plan does offer some potential benefits but also presents challenges.
A total of nearly 5,000 OTIs will need to renew their licenses, a process that will take place over three years with approximately 160 renewals per month. Failure to renew an OTI license could result in its revocation or suspension.
Canadian Foreign Minister Chrystia Freeland and Mexican Foreign Minister Luis Videgaray emphasized that NAFTA is a three-nation agreement and that any changes would have to be addressed in three-way negotiations.
A recent study published by the Centers for Disease Control and Prevention finds that the number of reported disease outbreaks associated with imported foods has increased in both absolute and relative terms over the past 20 years.
Interested parties have only one more week to submit comments to the International Trade Commission on petitions seeking duty suspensions or reductions under the miscellaneous trade bill process revised and reinstated by the American Manufacturing Competitiveness Act of 2016.
In addition to retaining the parts of NAFTA that work, the paper recommends that Trump modernize the agreement to take advantage of new technologies, expand it to encompass sectors excluded from the original deal, and eliminate counterproductive provisions that are detrimental to U.S. interests.
The U.S. and Canada announced plans for further trade-related cooperation Feb. 13 while downplaying the prospect of significant changes to NAFTA, which President Trump has said he wants to renegotiate.
During the upcoming conference call committee members are expected to deliberate and vote on separate letters outlining priority recommendations for the Trump administration and recommendations for NAFTA negotiations.
As the U.S., Canada, and Mexico begin preparing for a renegotiation of NAFTA that could get underway this spring, Canadian officials are signaling that while they are open to changes they also intend to staunchly defend the country’s interests.
A recent Government Accountability Office report finds that a lack of reliable data has challenged U.S. Customs and Border Protection’s ability to effectively manage the Customs-Trade Partnership Against Terrorism. CBP responded that it is taking steps to address the shortcomings identified, including developing a new reporting tool.