The first wave of retaliatory tariffs against certain Chinese-origin goods (the so-called Section 301 duties) are set to terminate under the Trade Act of 1974 (“Trade Act”). By statute, the measures terminate after 4 years unless an affected party benefitting from the tariffs submits a request to the United States Trade Representative (“USTR”) that the action be continued within the final 60-days of the 4-year period. Once such a request is submitted, the USTR must…
Baker McKenzie’s Global Compliance News Blog published “Baker McKenzie Video Series: Biden Supply Chain Policy on Large-Capacity Batteries” which can be viewed here.
On 31 October 2021, the EU and US issued a joint statement announcing that they had reached an agreement to end their dispute over steel and aluminium tariffs. This agreement removes the US “Section 232” tariffs on imports of EU steel and aluminium, imposed during the Trump administration, whilst the EU has agreed to suspend additional duties imposed on US goods in retaliation. Both sides have also agreed to suspend disputes initiated against each other at…
Baker McKenzie’s International Commercial & Trade Blog published “United Kingdom: Update on the UK Trade Remedies Regime”, which can be viewed here.
On October 8, 2021, the Office of the United States Trade Representative (“USTR”) issued a notice and request for public comments on the potential reinstatement of certain exclusions of tariffs on Chinese imports imposed under USTR’s Section 301 investigation. USTR will examine 549 previously granted exclusions, many of which expired since December 31, 2020, for possible reinstatement. USTR will evaluate each exclusion on a case-by-case basis. The list of exclusions USTR seeks comments on can…
On October 8, 2021, the International Trade Administration (“ITA”) published a request for comments on any subsidies, including stumpage subsidies, provided by certain countries exporting softwood lumber or softwood lumber products to the United States during the period January 1, 2021, through June 30, 2021. The request is limited to subsidies provided by countries that had exports accounting for at least one percent of total US imports of softwood lumber by quantity, as classified under…
Baker McKenzie’s Global Supply Chain Compliance Blog published “Biden Administration Supply Chain Reports Deeper Dive #4: Unfair Trade Practices and the Trade Strike Force,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “United States, China: Recent US Developments Demonstrate Increasing Xinjiang-Related Trade Compliance Risks,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Multijurisdictional: 2021 Virtual Global Trade Conference,” which can be viewed here.
Baker McKenzie’s Global Supply Chain Compliance Blog published “Recent US Developments Demonstrate Increasing Xinjiang-Related Trade Compliance Risks,” which can be viewed here.