On September 18, 2018, the Ministry of Finance announced that Office of the Customs Tariff Commission of the State Council decided to impose additional tariffs of 5% or 10% on 5,207 tax items and about 60 billion US dollars of goods originating in the United States starting from 12:01 on September 24, 2018. If the US insists on further increasing the tariff rate, the Chinese side will respond accordingly and the relevant matters will be announced separately.Read more…
President Trump announced on September 17, 2018 that the United States would be moving ahead to impose additional duties on a further $200 billion worth of Chinese-origin imports (referred to as ’List 3’). According to the announcement, the additional duties will start at 10% and run through the end of the year. If the matter has not been resolved satisfactorily by then, the rate will be increased to 25% on January 1, 2019. The additional duties will become effective next Monday, September 24, 2018. A copy of the statement is available here.Read more…
On September 4, 2018, the US House of Representatives passed the Miscellaneous Trade Bill Act (H.R. 4318) under suspension of the rules. The House had previously passed the bill (402-0), but the Senate passed the bill on a voice vote with minor amendments, requiring the House to take it up again. The President signed the MTB on September 13 and it is now Public Law 115-239.Read more…
On September 17, 2018, the Bureau of Industry and Security (BIS) published in the Federal Register a request for comments [Docket No. 180821787–8787–01] on the effectiveness of its licensing procedures as defined in the Export Administration Regulations for the export of agricultural commodities to Cuba. BIS will include a description of these comments in its biennial report to the Congress, as required by the Trade Sanctions Reform and Export Enhancement Act of 2000, as amended (TSRA). Comments must be received by October 17, 2018.
On September 12, 2018, President Trump issued a new Executive Order, “Imposing Certain Sanctions in the Event of Foreign Interference in a United States Election” (the “Order”). The Order authorizes the designation as Specially Designated Nationals (“SDNs”) of parties that engage in foreign interference in US elections. While the Order provides the authorization and criteria for such designations, it does not designate any additional parties as SDNs at this time. Read more…
Baker McKenzie is pleased to invite you to interactive seminars in Abu Dhabi and Dubai in October 2018 to discuss the implications of these sanctions for international trade, as part of our global Sanctions Roadshow, a series of interactive seminars being conducted around the world. Speakers include sanctions experts from the US, EU and Middle East, highlighting:
- the US sanctions against Iran, EU blocking measures to prevent US sanctions compliance, and the future of the JCPOA;
- the latest US sanctions against Russia, the EU’s possible next moves, and Russian countermeasures;
- an update on the economic boycott of Qatar, and
- other hot topics in sanctions compliance, particularly for those operating in the Middle East.
Our Sanctions Roadshow seminars are all free to attend – please click on the links on the right to register for the UAE events. If you have any queries or would like a schedule of our global Sanctions Roadshow, please do not hesitate to contact Jenny Medina.
Abu Dhabi – 2 October 2018
Baker McKenzie Habib Al Mulla
Level 8, Al Sila Tower
Abu Dhabi Global
To register, click here.
Dubai – 3 October 2018
The Capital Club
Gate Village, Building 3
Dubai International Financial Centre
To register, click here.
Our lawyers will be available for one-to-one meetings in Abu Dhabi on 2 October and in Dubai on 3 October to discuss specific trade-related issues you may have. Please contact via email if you wish to set up a personal appointment as the number of meetings will be limited.
For more information click here
On September 13, 2018, the Office of the U.S. Intellectual Property Enforcement Coordinator (IPEC), Executive Office of the President (EOP), Office of Management and Budget published in the Federal Register a request for written submissions from the public with respect to development of the Joint Strategic Plan on Intellectual Property Enforcement. The Federal Government is starting the process to develop a new 3- year Joint Strategic Plan on Intellectual Property Enforcement. By committing to common goals, the US Government will more effectively and efficiently promote and protect US intellectual property. Read more…
US Customs and Border Protection has announced (CSMS #18-000533, 18-000534 and 18-000535) that the ports of Charleston, SC (1601), Wilmington, NC (1501) and Morehead City, NC (1511) will be closed on Wednesday, September 12, 2018 at 1600 due to the forecast of Hurricane Florence. Both Thursday, September 13 and Friday, September 14, 2018 will be local closure days granted to all who file entries at the affected ports. CBP is extending two additional days, without penalty, for any entry summaries and payments of duties that were due on Thursday, September 13, 2018 and Friday, September 14, 2018 in the affected ports.Read more…
On September 10, 2018, the President signed Presidential Determination No. 2018–11 of September 10, 2018 Continuation of the Exercise of Certain Authorities Under the Trading With the Enemy Act, which continues the exercises of Trading With the Enemy Act authorities with respect to Cuba until September 14, 2019, as implemented by the Cuban Assets Control Regulations, 31 C.F.R. part 515.Read more…
On September 11, 2018, the Bureau of Industry and Security (BIS), Commerce, published in the Federal Register an interim final rule [Docket No.: 180227217–8217–02] which revises the procedures for submitting and objecting to exclusion requests from the section 232 steel and aluminum tariffs.
Proclamations 9704 and 9705 (“the Proclamations”) authorized the Secretary of Commerce (the “Secretary”) to grant exclusions from the duties if the Secretary determines the steel or aluminum article for which the exclusion is requested is not “produced in the United States in a sufficient and reasonably available amount or of a satisfactory quality” or should be excluded “based upon specific national security considerations.” Read more…