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In the News: China Tariffs, Currency, Made in USA Labeling, Export Diversion

Wednesday, October 17, 2018
Sandler, Travis & Rosenberg Trade Report

ST&R’s Cohen featured in article on tariff effects on sports and fitness industry

“Cohen's presentation focused on ways sports companies can deal with the anticipated tariffs, that ranged from companies absorbing the costs or passing them on to customers, cutting staff, modifying products, or moving out of China.”

[Xinhua]

U.S. to seek currency chapters in trade talks with Japan, others

“In the Sept 30 deal to revamp the North American Free Trade Agreement, the United States, Canada and Mexico agreed to ‘avoid manipulating exchange rates or the international monetary system in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage.’”

[Reuters]

Senators want fines for “Made in USA” violations

“The Senators are urging the FTC to consider monetary penalties as well as admission of guilt settlements for companies that import products from countries like China and then commit these label violations.”

[Office of Sen. Sherrod Brown]

DOE moves to prevent China’s illegal diversion of civil nuclear technology

“Notably, there will be a presumption of denial for new license applications or extensions to existing authorizations related to the China General Nuclear Power Group, which is currently under indictment for conspiring to steal U.S. nuclear technology.”

[Department of Energy]

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