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In the News: China Tariffs, WTO Disputes, Sanctions Evasion

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

U.S. paid record $7.1 billion in tariffs in September

“Roughly $4.1 billion of the $7.1 billion in import taxes paid by Americans in September were levied through tariffs Trump imposed on Chinese goods since 2018. The total amount in tariffs paid by Americans has increased 59 percent since September 2018 and rose $600 million since August 2019, according to the analysis.”

[The Hill]

U.S. said to raise prospect of blocking passage of WTO budget

“The members have until Dec. 31 to adopt a budget for 2020 and 2021 and they will take up the issue again next Tuesday. If the U.S. unilaterally kills off funding, it could imperil the future of the WTO’s work and force countries to fundamentally rethink their reliance on it to negotiate trade deals and settle the surging number of disputes.”

[Bloomberg]

U.S. sets sights on shipping companies for sanctions evasion

“‘It’s costly to invest in due diligence and I know business leaders don’t see value added,’ said Peyman, who leads the U.S. Office of Economic Sanctions Policy and Implementation. ‘Unfortunately, they will see value added when there are hard costs to bear including their business potentially going out of business because of a designation or enforcement action.’”

[The New York Times]

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