This weekend President-Elect Donald Trump threatened a 100% tariff on BRICS countries. This is in response to an initiative by the nine member international organization to replace the U.S. Dollar (USD) as the global reserve currency, possibly by the establishment of a new currency.BRICS, formerly an organization of Brazil, Russia, India, China, and South Africa, was formed to advance the […]
This morning President-Elect Trump announced his long awaited pick for United States Trade Representative (“USTR”): Jamieson Greer. Mr. Greer is a familiar face, having served as the Chief of Staff to USTR Robert Lighthizer during the first Trump Administration. He is currently an attorney at the Washington D.C. law firm King & Spalding, where he handles a variety of trade-related […]
On November 25, 2024 President Elect Donald Trump promised an executive order on his first day in office which would impose a 25% tariff on all goods imported from Mexico and Canada. He also heralded an additional 10% tariff above all other tariffs for China. The economic implications of this are significant, as the executive order would impose a tax […]
Finally some news out of the U.S. Court of Appeals for the Federal Circuit regarding the Section 301 appeal! The oral argument in the case, HMTX Industries LLC v. US, has been scheduled for January 8, 2025, in Washington, D.C. Although this is a good sign that the case is moving forward, final disposition of the case will most likely take […]
Based on the examples discussed in previous blogs, we can now start to flesh out what tariff changes may look like under the incoming Trump Administration. TIMELINE GOING FORWARD First things first, the President-Elect will take office on January 20, 2025. Because the appointed USTR must be confirmed by the Senate, the appointment process will be the first significant […]
Now let us rewind to see Trump’s tariffs in his first term and during the Biden Administration. RECENT TARIFF HISTORY While talk of tariffs is receiving a lot of media attention, it is important to temper your expectations. The best way to do this is to look at recent examples of Section 301 and Section 232 tariffs, and the processes these […]
Now let us continue discussing Trump’s tariffs in his second term. PRESIDENT-ELECT TRUMP’S PROMISES The President-Elect has not, as of yet, published a comprehensive timeline for trade related changes. Nonetheless, we can speculate as to what the Trump Administration’s trade policies will look like by using a handful of campaign statements and the official Republican Party 2024 Platform, referenced […]
Election season is over, meaning that big changes to United States trade policy could be right around the corner. While changing laws can be a source of anxiety for the trade community, our goal going forward is to explain these changes and to help the community make informed decisions. To that effect, we will be publishing a series of articles […]
On May 16, 2024, the Biden administration added 26 Chinese companies to the Uyghur Forced Labor Prevention Act (“UFLPA”) Entity List, primarily targeting the textile industry. This action reflects ongoing efforts to enforce supply chain transparency and address forced labor concerns. For businesses importing goods from China, these developments highlight the need for rigorous compliance and due diligence. Below is […]
In a move that underscores ongoing tensions between the United States and China, the Office of the U.S. Trade Representative (“USTR”) announced on May 14, 2024 its intention to add or increase tariffs on select Chinese-origin products. Accompanying the USTR announcement is a 193-page report assessing the effectiveness of Section 301 tariffs. While acknowledging some progress in curbing […]