Trade and Manufacturing Monitor
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Congress Passes Hong Kong Human Rights and Democracy Act
Last week, Congress sent to the President’s desk a bill supporting pro-democracy activists in Hong Kong. The Hong Kong Human Rights and Democracy Act of 2019, sponsored by Sen. Marco Rubio (R-FL), passed the Senate by…
China and the United States Inch Closer Towards Trade Deal – Tariff Reductions May Follow
China and the United States continue to move towards finalizing a “phase one” trade deal. Speaking to the Economic Club of New York, President Trump stated that the United States is “close” to a deal and that it “could…
China Requests $2.4 Billion in Relief After WTO Ruling Against United States
Late last week, China filed a request with the World Trade Organization (WTO) Dispute Settlement Body (DSB) for authorization to “suspend concessions and related obligations” in the amount of $2.4 billion as recourse…
“Phase One” Agreement Between the United States and China Reached
On Friday, October 11, 2019, President Trump announced that a “phase one” agreement had been reached with China. Most notably, the U.S. agreed to suspend its plan to increase tariffs from 25% to 30% on $250 billion in…
Department of Commerce Self-Initiates Steel Anti-Circumvention Proceeding
The U.S. Department of Commerce announced on Wednesday that it is self-initiating an inquiry into whether U.S. imports of corrosion-resistant steel products (CORE) from Costa Rica, Guatemala, Malaysia, South Africa, or…