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In the News: Export Ban, Auto Tariffs, FTAs, Trade Risk

Wednesday, May 23, 2018
Sandler, Travis & Rosenberg Trade Report

U.S., China reportedly working on deal to lift export ban on ZTE

“If the deal goes through, the U.S. would lift the ban. In return, ZTE would have to make major leadership changes and also potentially face heavy fines.”

[TechCrunch]

China says it will cut tariffs on some auto parts and vehicles

“China’s Finance Ministry said that it will cut import tariffs on some vehicles to 15 percent, down from as much as 25 percent. The announcement Tuesday also said that tariffs on some automotive parts would fall to 6 percent. The cuts will be effective from July 1.”

[CNBC]

EU gets green light to start trade negotiations with Australia and New Zealand

“Commissioner Malmström will travel to Australia and New Zealand in June to open negotiations at the political level. The first negotiation rounds between the teams of negotiators are then envisaged to take place in Brussels in July.”

[European Commission]

Mercosur and Japan scheduled to begin trade talks next November

“The Group of 20 leaders’ summit in Argentina in November ‘would be a good opportunity’ to kick off negotiations on an economic accord, a process [Brazilian foreign minister Aloysio] Nunes said he hopes to begin by the end of the year.”

[MercoPress]

World’s ship owners warn about fuel risk to global trade

“From January 1, 2020, the world’s ships will need to use fuel that contains no more than 0.5 percent sulfur, or be fitted with kit to remove the pollutant, under rules set out by the International Maritime Organization. The shift, announced in late 2016, requires significant investment in new projects among oil-refining companies that can sometimes take many years to plan and construct.”

[Bloomberg]

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