This article originally appeared in the WIIT Summer Communique.
At a recent trade conference, White House officials described the Administration’s trade policy as “bold, creative and disruptive.” President Trump’s use of Section 232 of the Trade Expansion Act of 1962 to impose tariffs and quotas based upon national security concerns is one example of this new approach. Using this tool, on March 8, 2018, President Trump fulfilled a promise and imposed, effective June 1, 2018, a 25% duty on imports of steel products from all countries of origin except Argentina, Brazil and South Korea, which capitulated to quotas. He also imposed a 10% duty on imports of aluminum products from all countries, except for Argentina which also agreed to quotas. Australia was the only country spared tariffs or quotas on their metals. Details on the 232 tariffs appear on Customs & Border Protection (CBP) website. Continue reading
Did you miss the GWU-CIBER/WITT/DEC 232 program about understanding Trump’s National Security Tariffs? You can watch the full video here.
Evelyn will be speaking in Mexico City on June 10 on President Trump’s tariffs on Mexican imports. Her presentation, titled “Tariffs & trade wars: Mexico next?” will be presented to La Asociación Nacional De Abogados De Empresa.
From the event:
The Office of the United States Trade Representative (USTR) has asked the Office of Management & Budget (OMB) for emergency clearance of the form it intends to use for product exclusion requests for tranche 3 $200 billion list of items… Continue reading