Trade and Manufacturing Monitor
USTR Proposes Third Round of Tariffs on Chinese Imports
Targets $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent On July 10, 2018, the United States Trade Representative (USTR) announced it was initiating the process of imposing a 10%…
USTR Announces Section 301 Exclusion Process
Background: On Friday, July 6, 2018, the United States Trade Representative (USTR) announced a process for U.S. interests to obtain product-specific exclusions from tariffs on Chinese imports as a result of the U.S.…
WTO Declines to Find Australia’s Tobacco Product Packaging Restrictions Inconsistent with Trade Rules
Last week, a WTO dispute settlement panel ruled that Australia’s plain packaging rules for tobacco products do not violate WTO rules. In April 2012, Honduras requested consultations with Australia at the WTO over…
OFAC Formally Rescinds General License H – Foreign Subsidiaries of U.S. Companies Must Withdraw from Iran
Yesterday the Office of Foreign Assets Control (OFAC) formally rescinded General License H, requiring foreign subsidiaries of U.S. companies to wind down remaining business related to Iran by 11:59 pm EST on November…
New Bonds Needed for Importers of Products on the Section 301 List
With the Section 301 25% duties on imports of Chinese made products set to go into effect on July 6, 2018, importers should be aware that they may need to increase their bond amounts. Bonds are based on value and duty…