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What is a Tariff Anyway?

Posted by on Sep 9, 2018 | 0 comments

Follow Email A few weeks ago (July 2018), I led a seminar on international trade for high school students which brought home to me how much misunderstanding exists about what is a tariff. The assumption was that tariffs are inherently protectionist. The current use of tariffs by the Trump Administration to protect the U.S. steel and aluminum industry makes it easy to reach that conclusion. But many countries impose tariffs on products even...

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Is Your Company Affected by the Trump Tariffs on Steel and Aluminum?

Posted by on Jun 25, 2018 | 0 comments

Follow Email Citing national security concerns the Trump Administration has imposed an additional 25% duty on steel mill and a 10% duty on aluminum articles imported into the United States. As of June 1, 2018, imports from all countries, with 4 exceptions, are subject to the additional tax. Is your company affected by the Trump tariffs on steel and aluminum? Affected Imports The affected imports are: Aluminum Products unwrought aluminum...

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Should the system of investor-state dispute settlement (ISDS) be reformed?

Posted by on May 21, 2018 | 0 comments

Follow Email Should the system of investor-state dispute settlement (ISDS) be reformed? That is the question being considered by the United Nations Commission on Trade Law (UNCITRAL). ISDS provisions are contained in about 3,000 investment treaties and investment chapters of free trade agreements. The provisions permit a foreign investor in the form of a company or individual to bring a claim directly against a State where the investor...

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GSP is Back! What To Do

Posted by on Apr 26, 2018 | 0 comments

Follow Email GSP is back! As of April 22, 2018 importers can once again take advantage of the retroactive renewal of the Generalized System of Preferences (GSP) program. This means: Entering GSP-eligible products without having to pay duties; and Claiming refunds for duties paid while the program was lapsed (January 1, 2018 – April 21, 2018) Entering GSP-Eligible Products Products eligible for duty-free entry into the United States...

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Trade Watch 2018: NAFTA Renegotiations

Posted by on Feb 27, 2018 | 1 comment

Follow Email The threat to “Kill NAFTA” was a consistent promise of Trump as a presidential candidate. Instead, while the threat remains, on May 18, 2017 the Trump Administration announced its intention to renegotiate the North American Free Trade Agreement (NAFTA). To what end? And what is the status of NAFTA renegotiations? As of February, 2018, the three parties – Canada, Mexico, and the United States – have completed six...

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Trade Watch 2017

Posted by on Jan 17, 2017 | 0 comments

Follow Email It should come as no surprise to anyone who has been paying attention that several developments of 2016 will bear fruit in 2017. Trade Watch 2017 lists some key issues to watch out for in the trade arena this year: Brexit: Britain must act on its vote to leave the European Union. January 17, (2017) Prime Minister Theresa May outlined her 12-point plan for doing so. It includes negotiation of a new, bold, and ambitious free trade...

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