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In the News: China Talks, Korea Sanctions, Brazil FTA, Apparel, Duty Refunds

Thursday, August 01, 2019
Sandler, Travis & Rosenberg Trade Report

U.S.-China trade talks to continue in September

“The White House said Wednesday that the two sides discussed topics such as forced technology transfer, intellectual property rights, services, nontariff barriers and agriculture.”

[CNBC]

Korea seeks $350 million in trade sanctions against U.S.

“South Korea plans to impose the sanctions by putting tariffs on certain types of US goods, which it said it would announce at a later date.”

[Reuters]

Trump eyes trade deal with Brazil

“The United States and Brazil, which exchanged more than US$ 100 billion in goods and services last year, have drawn closer since Bolsonaro took office in January after the far-right former army captain's insurgent election campaign modeled after Trump's.”

[MercoPress]

Egypt courts Chinese clothing makers seeking tariff refuge

“The China-Egypt Mankai Textile Park in Sadat City would potentially give Chinese companies a base from which to export clothes duty-free into the U.S. and EU, an attractive prospect given rising American tariffs on Chinese imports and increased domestic production costs.”

[Nikkei Asian Review]

India to replace export incentives with duty refund scheme

The “Merchandise Exports from India Scheme (MEIS) … was challenged by the United States at the World Trade Organisation, which is likely to take a call on the dispute in September this year. Pre-empting an adverse report … the Commerce Ministry has floated a Cabinet note for a WTO-compliant scheme to ensure that India's exports remain competitive.”

[CNBC]

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