The Trump administration’s China policy looks more like an effort to preserve the fragile trade truce than a negotiation toward a comprehensive trade agreement, according to former U.S. trade officials during a webinar hosted by the Washington International Trade Association last week.
U.S. Trade Representative Jamieson Greer signaled that the Trump administration is preparing a broad overhaul of key parts of the USMCA, focusing on changing non-automobile rules of origin to incentivize U.S. production.
President Donald Trump has threatened to place additional tariffs on Mexican and Canadian goods over Mexican water use and Canadian fertilizer trade practices.
Former trade officials said the Trump administration's tariff policy in Asia is being tested by China’s concern over recently completed U.S. tariff arrangements with Malaysia and Cambodia, which could complicate the administration’s push to wrap up deals with Vietnam and Indonesia.
Former South Korean trade negotiators complained that the U.S. is acting in bad faith in its trade negotiations and doubted the durability of the recent U.S.-Korea trade deal, though former Trump administration officials lauded the deal as a win-win for both countries.
President Donald Trump's tariffs will last beyond his term in office, former Commerce Secretary Gina Raimondo predicted during a Nov. 19 event hosted by Bloomberg.
CBP has issued a withhold release order against imports manufactured in Mauritius by Firemount Group based on information CBP said "reasonably indicates" the use of forced labor.
It won't be difficult for CBP to refund tariffs collected under the International Emergency Economic Powers Act, according to Nicole Bivens Collinson of Sandler Travis.
The U.S. is likely to commit to a full renegotiation of USMCA during the trade pact's upcoming sunset review and could even abandon the trilateral agreement in favor of individual ones, according to Miguel Messmacher, former chief economist at the Ministry of Finance of Mexico.
In an effort to drive sales, suppliers have been offering dodgy tariff mitigation strategies to importers, lawyers with Foley and Lardner warned during an Oct. 22 webinar. Suppliers, particularly in countries hard-hit by tariffs like China and India, are as desperate as importers to avoid the painfully high tariffs imposed by the Trump administration, and may offer bad advice to importers to drive sales, lawyer John Turlais said.