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In the News: China Tariffs, Investment, Export Manifests, Trade Growth

Thursday, October 03, 2019
Sandler, Travis & Rosenberg Trade Report

In forever trade war, U.S. companies take cover as best they can

“Some U.S. businesses are warning they may close if they don’t get a yearlong reprieve, or ‘exclusion,’ from tariffs that by year-end may touch some $500 billion in Chinese imports, said [ST&R’s] Paula Connelly, a Boston trade lawyer. ‘It’s going to be hard to say no to someone who says, ‘Unless I get this exclusion, I’m going to have to shut down,’’ Connelly said.”

[Bloomberg]

White House deliberates block on all U.S. investments in China

“The deliberations come as the U.S. looks for additional levers of influence in trade talks, which resume on Oct. 10 in Washington. … The discussions also come as the Chinese government is taking steps to increase foreign access to its markets.”

[CNBC]

Air forwarders hesitant to embrace CBP’s electronic export manifests

“CBP first introduced the EEM pilot program to the air, ocean and rail freight transport modes about two years ago. Participating carriers are required to supply the agency with information about exports prior to loading for departure from the U.S.”

[American Shipper]

WTO lowers trade forecast as tensions unsettle global economy

“World merchandise trade volumes are now expected to rise by only 1.2% in 2019, substantially slower than the 2.6% growth forecast in April. The projected increase in 2020 is now 2.7%, down from 3.0% previously. The economists caution that downside risks remain high and that the 2020 projection depends on a return to more normal trade relations.”

[World Trade Organization]

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