On July 7, President Trump announced revised tariffs rates for certain trading partners that will take effect on August 1 and extended the postponement of his “Liberation Day” tariffs. The revised tariffs were announced via letters to 14 countries and range from 25% to 40%. These actions come mere days before President Trump’s reciprocal tariffs, which were paused to allow for the negotiation of bilateral trade agreements, were due to resume on July 9 for…
The Chinese Ministry of Commerce announced that on October 23, the secretariat of the Asia-Pacific Trade Agreement (the “Agreement”) notified all member parties that Mongolia had deposited a letter of acceptance, and completed the Agreement accession procedures, and plans to be in January 2021. On the 1st, mutual tariff reduction arrangements were implemented with relevant members. According to the tariff reduction arrangement, Mongolia will reduce tariffs on 366 tax items, mainly related to aquatic products, vegetables…
On June 30, 2017, the Federal Register published Presidential Proclamation 9625 of June 29, 2017 – To Modify Duty-Free Treatment Under the Generalized System of Preferences and for Other Purposes. The Proclamation makes the following changes to the Harmonized Tariff Schedule of the United States (HTS):
On November 25, 2013, the Office of the US Trade Representative (USTR) announced that USTR Michael Froman gave remarks and presided over the signing of the United States – Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA). The agreement was signed by Bangladesh Secretary of Commerce Mahbub Ahmed and Acting Deputy US Trade Representative Wendy Cutler. The TICFA provides a mechanism for both governments to discuss trade and investment issues and areas of cooperation. The…