On September 22, 2017, the U.S. International Trade Commission (“ITC”) voted in the affirmative and found that U.S. producers are being seriously injured or are threatened with serious injury by imports of silicon photovoltaic cells and modules. This case was brought under section 201 of the Trade Act of 1974. Section 201 cases have two main parts: (1) the case is filed at the ITC which determines if there is such serious injury by imports, and if there is, then recommends a remedy, and (2) if there is a finding of such serious injury, the case goes to the President of the United States for final review and decision on the remedy. The President may modify or agree with the recommendation of the ITC on remedy.
Mexico
OFAC Announces New Sanctions on Iran and Mexico
The Office of Foreign Assets Control (“OFAC”) recently announced new sanctions on entities and individuals in Iran and Mexico. These sanctions were designated against individuals associated with Iran’s Islamic Revolutionary Guards Corps (“the Quds Force”), Iranian entities involved in hacking against American financial institutions in 2011 and 2012, and Mexican businesses and individuals associated with drug trafficking.
NAFTA Renegotiations Kick Off
On Wednesday, August 16, Canada, Mexico, and the U.S. began the opening round of renegotiations to NAFTA in Washington, D.C. The opening round lasted through Sunday and was largely closed-door; however, the U.S. put forth its objectives for the negotiations last month. The three top negotiators, U.S. Trade Representative Robert Lighthizer, Canadian Foreign Minister Chrystia Freeland, and Mexican Economy Secretary Ildefonso Guajardo, began the day with opening statements.
President Trump Issues Two New Executive Orders On Trade
On March 31, 2017, President Trump signed two Executive Orders (EO) aimed at the enforcement of the collection of antidumping and countervailing duties for unfair trade practices and at the evaluation of significant trade deficits with U.S. trading partners. These EOs are a clear indication that trade, as promised throughout the campaign, will continue to be a top priority of the Trump presidency.