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In the News: China Talks, Export Ban, India Tariffs

Tuesday, January 15, 2019
Sandler, Travis & Rosenberg Trade Report

China's Liu said to visit U.S. Jan. 30-31 for trade talks

“Liu would meet with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin” but “the visit’s timing could still change.”

[Bloomberg News]

 

U.S. slaps export ban on Huawei's Silicon Valley subsidiary

“Commerce has handed down an ‘export ban’ to Futurewei - the name of Huawei's US subsidiary - by signaling that it intends to deny Huawei's application to renew its license. And while most of the technologies developed by Futurewei don't require a license to export, the export ban will severely restrict its operations.”

[Zero Hedge]

U.S. team to visit India, lobby for rollback of import duties

“India levied customs duty on mobile phones and some other ICT items at 10 per cent for the first time in July 2017 and later increased it to 15 per cent that year. Despite protests from a number of WTO members, including the US, the EU and Japan, customs duties on mobiles were further increased to 20 per cent in last year’s budget. In October, India increased basic customs duty on several telecom equipment and imposed duties on printed circuit boards used to make the equipment and several other telecom products.”

[Hindu Business Line]

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