Key USTR officials negotiating the deal with Mexico and Canada are working both sides of the Capitol in an effort to ease concerns not only over the provisions of the pact but Trump’s ongoing tariff war with Mexico, Canada, Europe and China. Speaker Nancy Pelosi and her Democratic leadership team were upbeat about the U.S.-Mexico-Canada Agreement as they left a meeting with Robert Lighthizer, Trump’s top trade official, saying he finally seemed to take heed of their demands to modify the trade deal. Some Congressional leaders believe it could be ratified before August. Read more
The Trump administration has reached a deal to lift tariffs on steel and aluminum imports from Canada and Mexico, in a move that could put the three nations a step closer to ratifying the USMCA trade deal that would replace NAFTA. Presidential proclamations were issued May 20, 2019 to remove the tariffs on aluminum,… and steel
“As chairman of the Finance Committee, I’m leading the Senate effort . I’ve been involved in the passage of every U.S. free-trade agreement, and it’s never easy. Reorganizing a massive economic relationship affects many constituencies, and that’s inevitably complicated. Read more
Dec 5, the U.S. Department of Commerce announced preliminary affirmative rulings that corrosion-resistant steel (CORE) and certain cold-rolled steel flat products (cold-rolled steel) imported from the Socialist Republic of Vietnam (Vietnam) produced from substrate originating in the People’s Republic of China (China) are circumventing existing antidumping and countervailing duty (AD/CVD) orders on CORE and cold-rolled steel imported from China.
As a result of today’s announcement, Commerce will instruct Customs and Border Protection (CBP) to begin collecting cash deposits on imports of CORE and cold-rolled steel produced in Vietnam using Chinese-origin substrate. Read more