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In the News: Trade War Costs, Export Controls, Steel Tariffs, Container Shipping

Tuesday, March 05, 2019
Sandler, Travis & Rosenberg Trade Report

China trade war cost tops $40 billion in lost U.S. exports

“U.S. tariffs imposed last year on some $250 billion in imports from China slowed shipments of the targeted products to U.S. shores, according to findings from the Institute of International Finance published earlier this year. Now, a new IIF study of China’s retaliation has found that counter-tariffs had a far more severe impact on U.S. exports, leading to a collapse in many of the roughly 900 categories of targeted American products.”

[Bloomberg]

U.S. pledges to limit export controls on advanced tech

“Lynne Parker, the assistant director of artificial intelligence at the White House Office of Science and Technology Policy, said on Thursday that the list of technologies that will eventually be targeted by the Trump administration will be much shorter than an initial list published last November would suggest.”

[Financial Times]

Mexico eyes fresh U.S. targets for tariffs to pressure Trump over steel

“Mexican Deputy Economy Minister Luz Maria de la Mora told Reuters in an interview that if the U.S. government did not repeal the tariffs, her government would have a revamped list in its ‘carousel’ of U.S. targets ready in about two months.”

[Reuters]

U.S. drops container shipping cartel investigation without charges

“The probe was among several investigations by global regulators into possible price fixing as the largest container shipping lines grouped into three major alliances, sharing port calls and vessels as part of a broader consolidation in the sector in an effort to save billions in annual operating costs.”

[Wall Street Journal]

Britain to scrap many EU tariffs on unfairly traded goods post-Brexit

“Trade minister Liam Fox said Britain would transition into British law 43 trade remedies measures that currently apply to imports from outside the EU, and would scrap a further 66 which were designed to protect EU producers from unfair competition. … The changes will apply from March 29 if Britain leaves the EU without a deal, or from the end of a post-Brexit transition period if an agreement is reached, the government said.”

[Reuters]

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