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In the News: China, Steel Tariffs, NAFTA, Brexit

Thursday, March 14, 2019
Sandler, Travis & Rosenberg Trade Report

Enforcement remains key issue in China trade talks

“‘We have to maintain the right to be able to – whatever happens to the current tariffs – to raise tariffs in situations where there’s violations of the agreement,’ [Lighthizer] said at a hearing before the Senate Finance Committee. ‘And that’s the core. If we don’t do that, then none of it makes any difference.’”

[Asia Times]

U.S. working on steel, aluminum tariff relief for Mexico, Canada

“The United States has sought quotas on steel and aluminum in lieu of tariffs, but Canada and Mexico have resisted such restrictions, arguing that they pose no threat to U.S. national security.”

[Reuters]

Trump’s trade chief meets skepticism as he sells new NAFTA to Democrats

“In the latest show of disapproval to the deal, leaders of the 90-plus members of Congressional Progressive Caucus announced on Tuesday that they want to reopen the new U.S.-Mexico-Canada Agreement that the Trump administration spent more than a year negotiating with the two U.S. trading partners.”

[Politico]

UK unveils tariffs for no-deal Brexit

“According to the Temporary Tariff Regime, 87 percent of goods by value will be eligible for tariff-free access, compared with 80 percent currently. The remainder, including some meat and dairy, as well as finished cars, will be subject to tariffs to protect domestic industry. The list doesn’t include car parts imported from the European Union.”

[Bloomberg]

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