In the beginning of June, US Customs and Border Protection (CBP) released the updated Interim Implementation Instructions, an informal guide to the new requirements under the US-Mexico-Canada Agreement (USMCA). These instructions included guidance regarding rules of origin, regional value content calculation methods, de minimis rules, transshipment, eligibility for textiles and apparel, making preference claims, and... Read more »
It seems that a trade war that has lasted for nearly two years may be finally coming to an end. It has been one week since the Phase One trade deal was signed at the White House by President Donald Trump and Chinese Vice Premier Liu He. The agreement was meant to reduce tensions after... Read more »
Earlier this month, President Trump announced via Twitter that he will impose a 10% Tariff on all remaining imports from China. This escalation of the trade war is in response to the Chinese not keeping their promise to purchase U.S. agricultural products, as well as stop the sale of Fentanyl into the U.S. These tariffs... Read more »
The trade war isn’t the only thing in the news that is hindering exports and imports with the United States. The Export-Import Bank of the United States hasn’t been able to reach a quorum, causing United States manufacturers to be severely weakened in foreign markets until recently. The Export-Import Bank of the United States is... Read more »
Last September the Trump Administration enacted a 10% tariff on more than $200 billion worth of Chinese goods. Over the past weekend, President Trump announced via Twitter that the tariffs will be increased from 10% to 25% effective May 10, 2019. The increase had initially been slated to go into effect on January 1st, 2019... Read more »
President Trump again delayed a 10 to 25 percent increase on Section 301 tariffs that was scheduled to go into effect on March 1st. This came with the announcement that President Trump will be meeting with Chinese President Xi Jingping in late March to continue negotiations. The reaction to this news has been mostly positive,... Read more »
