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In the News: China Sanctions, Japan Talks, Turkey Tariffs, USMCA

Thursday, May 23, 2019
Sandler, Travis & Rosenberg Trade Report

U.S. weighs blacklist of up to five China surveillance firms

“The U.S. is deliberating whether to add Hikvision, Zhejiang Dahua Technology Co. and several unidentified others to a blacklist that bars them from U.S. components or software, people familiar with the matter said.”

[Bloomberg]

Japan and U.S. at odds over auto and farm tariffs, but quotas not raised during talks

“On Tuesday, Tokyo said it would slash duties on U.S. farm products to TPP levels on the condition that Washington remove tariffs on all industrial goods, including a 2.5 percent tariff on Japanese cars. But the U.S. side showed its reluctance to accept the request on automotive tariffs, according to informed sources.”

[Japan Times]

Turkey halves tariffs on 22 U.S. imports to reciprocate Washington move

“According to the decree published in the official gazette, tariffs will be halved on products such as passenger cars, alcoholic drinks, tobacco, cosmetics, rice and PVC. Before the decision, tariffs on U.S. whiskey stood at 140%, while the rate was at 120% for passenger cars, 50% for PVC and 60% for cosmetic products.”

[Daily Sabah]

Trump urges Dem leaders to pass new NAFTA before infrastructure deal

“The U.S. late last week reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing a significant roadblock for congressional approval of the USMCA. The legislature of each country must still ratify the agreement. Canadian and Mexican officials have indicated they will do so, but House Democrats, including Pelosi, have said all involved parties must tighten labor and environmental standards before passage in the U.S.”

[The Hill]

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