TRADE AGREEMENT

Additional Tariffs on Mainland Chinese Seafood under Consideration

03 July 2020

Exports of mainland Chinese seafood to the United States could potentially face additional tariffs in months ahead if the Office of the U.S. Representative determines that Beijing is not meeting its purchase commitments under the phase one trade agreement between the United States and mainland China. More

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USTR Updates Congress on U.S. Trade Negotiations

23 June 2020

U.S. Trade Representative Robert Lighthizer recently updated Congress on on-going and potential U.S. trade negotiations. Among other things, he acknowledged that mainland China is not currently on pace to buy the amounts of U.S. agricultural and energy products that were agreed under the phase one trade agreement, due at least in part to the economic ramifications of the COVID-19 pandemic. More

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U.S. Announces Further Progress in Implementing Phase One Trade Agreement with Mainland China

22 May 2020

The Office of the U.S. Trade Representative and the U.S. Department of Agriculture on 21 May highlighted additional progress made in the implementation of the agriculture-related provisions of the phase one economic and trade agreement with mainland China. More

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EU Report on Generalised Scheme of Preferences Shows Increased Imports from Asian Beneficiary Countries

05 March 2020

Last month, the European Commission published its biannual Report on the Generalised Scheme of Preferences (“GSP”) for the period 2018 - 2019. It is reported that over 10% of EU imports come from GSP beneficiary countries. According to the Commission, exports to the EU under GSP from 71 beneficiary countries reached around € 184 billion. More

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Phase One Deal with Mainland China Not Enough but Phase Two Prospects Unclear, Lawmakers Hear

02 March 2020

The phase one trade agreement the United States recently concluded with mainland China does not sufficiently address many of the most significant problems in the bi-lateral trade relationship, lawmakers and witnesses said during a 26 February hearing before the House Ways and Means Committee. However, some witnesses said prospects for concluding a subsequent phase two agreement that does tackle those problems are uncertain at best. More

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Trump Administration Cites Continued Progress on Phase One Deal Commitments

27 February 2020

Mainland China has taken a number of actions, on schedule, to begin implementing its agriculture-related commitments under the U.S.-mainland China phase one trade agreement, according to information from the Office of the U.S. Trade Representative and the U.S. Department of Agriculture. More

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Virus Outbreak in China Could Slow Supply Chains, Affect Trade Deal, Report Says

20 February 2020

Medical supplies, pharmaceuticals, auto parts, microelectronics and strategic raw materials are among the sectors whose supply chains could be impacted by the novel coronavirus (COVID-19) outbreak in mainland China, according to a recent report from the Congressional Research Service. More

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New Office Will Monitor Implementation of Phase One Trade Agreement with Mainland China

20 February 2020

USTR has announced the formation of a new Bilateral Evaluation and Dispute Resolution Office that will monitor mainland China’s implementation of its commitments under the phase one trade agreement with the United States and work with mainland China’s corresponding office to address disputes that arise over implementation matters. More

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CBP Issues Guidance on 14 February Tariff Reduction on List 4A Goods

07 February 2020

The Section 301 additional tariff on List 4A goods imported from mainland China will be reduced from 15 percent to 7.5 percent on 14 February. CBP guidance states that any covered article that is entered, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on 14 February will be subject to the 7.5 percent duty rate in addition to the applicable general (Column 1) duty rate. More

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USMCA Legislation Approved in Senate, Could Become Law This Week

21 January 2020

The Senate approved on 16 January by an 89-10 vote legislation to implement the U.S.-Mexico-Canada Agreement updating NAFTA. President Trump said he plans to sign the bill, which the House of Representatives previously passed by a 385-41 vote, during the week of 20 January. More

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