Background

Tariff revenue totals over $2.5 billion

“So far, CBP has collected $2 billion worth of Section 232 duties on steel and aluminum, $477 million worth of Section 301 duties on various goods from China and $263 million worth of Section 201 duties imposed on solar cells and washing machines, including washer parts, CBP Executive Director for Trade Policy and Programs John Leonard said during a session with the media at the symposium Tuesday.”

[American Shipper]

Turkey doubles tariffs on some U.S. goods amid rising tensions

“A decree published in Turkey's official gazette and signed by Turkish President Recep Tayyip Erdogan doubled the tariffs on passenger cars to 120 percent, on alcoholic drinks to 140 percent, and on tobacco to 60 percent. Tariffs were also doubled on goods such as cosmetics, rice and coal.”

[Al Jazeera]

Maersk and IBM say 94 groups have signed on to blockchain platform

“Work has now progressed to the point where the TradeLens solution is available through an Early Adopter Program, and is expected to be fully commercially available by the end of this year, IBM said. Partners who sign up can begin using the TradeLens platform to build digital supply chains that empower multiple trading partners to collaborate by establishing a single shared view of a transaction without compromising its details, privacy, or confidentiality.”

[DC Velocity]

WTO appeals body upholds ruling against Indonesia steel import duties

“It agreed that the measures applied to galvalume, used in metal roofing, do not constitute WTO safeguard measures, rejecting an argument of the complainants and Indonesia itself. Safeguard duties are emergency tariffs that a country can impose temporarily to shield a specific sector from a sudden and damaging surge in imports.”

[Reuters]

                              

China lodges WTO complaint on U.S. solar tariffs

“A spokesperson for the Chinese Ministry of Commerce said Beijing viewed U.S. trade moves as an abuse of safeguards that ‘severely damaged Chinese trade interests.’”

[UPI]

Close

Cookie Consent

We use cookies on our website. By continuing to use our website, you agree to the Privacy Policy and Terms of Use.