President Trump and the Office of the United States Trade Representative (USTR) announced additional tariffs on $200 billion worth of Chinese imports as part of the US’s continued response to China’s ongoing theft of American technology. The new tariffs will take effect on September 24, 2018 and will be set at a level of 10% until year end. On January 1, 2019, the tariffs will rise to 25% with additional tariffs promised in the event the Chinese government takes retaliatory action against other US industries. China immediately countered with tariffs on $60 billion of US goods.
As a result of comments received from the March 19 rule on remedies to the actions taken by President Trump’s issuance of Proclamations 9704 and 9705 to protect national security from threats resulting from imports of aluminum and steel, the Department of Commerce instituted a new process, effective September 11, for submitting objections to exclusion requests. BIS expects the revisions to the rule to make significant improvements to the current process for submitting tariff exclusion requests.
On August 30, the Bureau of Industry and Security (BIS) amended the Export Administration Regulations to reflect changes to the Missile Technology Control Regime (MTCR) Annex that were agreed to by MTCR member countries in 2017. This final rule updates the following seventeen ECCNs: 1B117, 1B118, 1C111, 1C118, 2B109, 2B120, 2B121, 2B122, 6A107, 7A105, 7A107, 7A116, 9A012, 9A101, 9A115, 9A515, and 9A610.
On August 6, 2018, the President signed Executive Order 13846, which reimposes certain sanctions with respect to Iran that were lifted or waived in connection with the United States’ participation in the Joint Comprehensive Plan of Action (JCPOA). Read More→
The following events related to international trade may be of interest to you:
Join another fabulous ICPA event in the historic Grapevine, Texas! Great sessions with a touch of Texas flare to enjoy. You won't be disappointed with this smaller version of their annual event. You can expect Three Tracks – Import, Export, General; International Trade Compliance hot topics; and speakers that are experienced, knowledgeable professionals. Register→
The Society for International Affairs is hosting their 2018 Fall International Trade Export Licensing & Compliance Conference this month at the Crystal Gateway Marriott in Arlington, Virgina. This informative conference will center on addressing real-life scenarios, pitfalls and best practices on topics that are at the forefront of defense trade today. Register→
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