In Husch Blackwell’s January 2020 Trade Law Newsletter, you’ll learn about the following updates in international trade and supply chain law.
In a surprise announcement after hours on Friday January 24, 2020, the White House announced that it plans to impose an additional 25 percent tariff on some steel articles and 10 percent on some aluminum articles starting February 8, 2020 under Section 232 of the Trade Expansion Act of 1962. A proclamation issued by the
At a White House ceremony on Wednesday, January 15, 2020, U.S. President Donald Trump and Chinese Vice Premier Liu He met to sign Phase 1 of the Trade Deal that has been negotiated since May 2019 in order to end any further escalation in the trade war between the two countries. The agreement consists of
On January 9, 2020, the Department of Commerce (“Commerce”) initiated the antidumping duty (AD) and countervailing duty (CVD) investigations of imports of forged steel fluid end blocks from China (CVD only), Germany, India, and Italy. For more detailed information, please refer to the Department’s Factsheet.
The investigations will now proceed to the next step,
One of the first changes for this new year is the implementation of new Incoterms® 2020 starting on January 1, 2020. The Incoterms® rules, published by the International Chamber of Commerce (ICC), are the world’s essential terms of trade for the sale of goods. Incoterms® provide specific guidance to individuals and entities participating in the
In Husch Blackwell’s December 2019 Trade Law Newsletter, you’ll learn about the following updates in international trade and supply chain law.
On January 2, 2020, Commerce announced in the Federal Register the opportunity to request an annual administrative review for products that are currently subject to antidumping and countervailing duties. As part of this annual review process, Commerce intends to select respondents based on U.S. Customs and Border Patrol (CBP) data for U.S. imports during the
The Office of the U.S. Trade Representative (“USTR”) announced that it is seeking comments from interested parties on whether or not to extend previously granted Section 301 exclusions for another year. The List 1 exclusions, which were originally granted on March 25, 2019, are set to expire on March 25, 2020, but USTR is considering
On December 6, 2019, Commerce announced in the Federal Register the opportunity to request an annual administrative review for products that are currently subject to antidumping and countervailing duties. As part of this annual review process Commerce intends to select respondents based on U.S. Customs and Border Patrol (CBP) data for U.S. imports during the
At a NATO meeting on Tuesday, December 3, 2019, President Trump declared that he was prepared to wait to negotiate a trade agreement with China until after the 2020 U.S. presidential election, dashing hopes that “phase one” of an interim agreement was to be reached soon. The 15% Section 301 List 4b tariffs are likely