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In the News: South America Deal, CBP Chief, Japan Export Limits, Cargo Ship Seizure

Wednesday, July 10, 2019
Sandler, Travis & Rosenberg Trade Report

South America eyes trade deal with U.S. after scoring EU pact

“Argentine President Mauricio Macri said Thursday that his government is talking with Brazil about a potential U.S. free trade deal, less than a week after landing one with the European Union.”

[Bloomberg]

Morgan assumes acting CBP commissioner role

“He succeeds John Sanders, who has served in this role at CBP since mid-April when Kevin McAleenan, the agency’s commissioner, was tapped by President Donald Trump to lead the Department of Homeland Security as acting secretary.”

[American Shipper]

South Korea may retaliate against Japan high-tech export curbs

“The curbs on exports of three materials used in South Korean chips and smartphone displays, which Japan had announced on Monday, will disrupt the global supply chain, South Korea’s trade minister said. Japan accounts for 70%-90% of the production of the three materials, Japanese media have said, making it difficult for South Korean chipmakers to find alternative sources of supply.”

[Reuters]

Federal agents seize cargo ship linked to massive cocaine bust

“Authorities have not disclosed whether the government intends to permanently possess the ship, yet authorities did say they are considering forfeiture proceedings.”

[NPR]

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