Effective July 10, 2024, President Biden issued two Presidential Proclamations aimed at refining the tariff exclusions under Section 232 of the Trade Expansion Act of 1962 for steel and aluminum imports from Mexico. Together,...more
The White House at 5 am Tuesday morning in DC released its decision on the new section 301 tariffs. There is a 100% tariff on Chinese EVs effective this year (which is in addition to the usual 2.5% import duty on cars)....more
5/15/2024
/ Automotive Industry ,
Batteries ,
Biden Administration ,
Charging Stations ,
China ,
Electric Vehicles ,
Manufacturers ,
Mexico ,
Section 301 ,
Supply Chain ,
Tariffs ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies ,
USTR
The North American Free Trade Agreement (NAFTA) may have been replaced effective July 1, 2020 by the United States-Mexico-Canada Agreement (USMCA), but the rules of NAFTA remain alive and well in the halls of the enforcement...more
This week saw Canada, Mexico and the United States present their respective positions and legal arguments, often in sharply worded exchanges, about how the Auto Core Parts rules of origin under the U.S.-Mexico-Canada...more
In recent years, a wide array of trade actions pursued by the United States, foreign and domestic policies of the United States and China, reputational risks, and supply chain breakdowns are driving a trend of more and more...more
5/17/2022
/ Biden Administration ,
China ,
Customs ,
Customs and Border Protection ,
Exports ,
Imports ,
International Trade ,
Manufacturers ,
Mexico ,
Relocation ,
Supply Chain ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
At over $30 billion USD in transactions a year, the United States-Mexico remittance corridor is one of the largest in the world. The rapid development of cryptocurrencies has enabled cross-border transactions at just a...more
5/31/2020
/ Blockchain ,
Canada ,
Cross-Border Transactions ,
Cryptocurrency ,
FinCEN ,
FinTech ,
International Remittance Transfers ,
Mexico ,
Popular ,
Sandbox ,
Securities Exchange Act ,
United States-Mexico-Canada Agreement (USMCA)
On January 16, 2020, the United States Senate voted by an overwhelming majority to pass the implementing legislation for the United States-Mexico-Canada Trade Agreement (USMCA) after months of tense negotiations with...more
1/20/2020
/ Automotive Industry ,
Canada ,
Digital Services ,
Environmental Policies ,
Financial Services Industry ,
Forced Labor ,
Free Trade Agreements ,
Intellectual Property Protection ,
Mexico ,
NAFTA ,
Sunset Provisions ,
Trade Relations ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
A tripartite agreement to save the North American Free Trade Agreement (NAFTA) has just been reached. Since June 2017, the United States, Canada, and Mexico have been renegotiating NAFTA. After over a year of negotiations,...more
10/3/2018
/ Canada ,
Cross-Border Transactions ,
Exports ,
Foreign Relations ,
Free Trade Agreements ,
Imports ,
Mexico ,
NAFTA ,
Trade Relations ,
Trump Administration ,
United States-Mexico-Canada Agreement (USMCA) ,
US Trade Policies
A tripartite agreement to save NAFTA has been reached. The agreement, reached late last night, provides Congress the necessary 60 days’ notice of the text to approve so that President Pena Nieto of Mexico can sign before he...more
10/2/2018
/ Agricultural Sector ,
Automotive Industry ,
Biologics ,
Canada ,
Cross-Border Transactions ,
Exports ,
Foreign Relations ,
Free Trade Agreements ,
Imports ,
Intellectual Property Protection ,
Investor State Dispute Settlement (ISDS) ,
Mexico ,
NAFTA ,
Sunset Provisions ,
Tariffs ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
Unfair or Deceptive Trade Practices ,
United States-Mexico-Canada Agreement (USMCA)
The 25% steel and 10% aluminum tariffs announced today, and effective 15 days from now, raise a new cloud over the NAFTA negotiations. Although they temporarily exempt Canada and Mexico, the Administration has made it clear...more
3/9/2018
/ Automotive Industry ,
Canada ,
Cross-Border Transactions ,
Imports ,
Manufacturers ,
Mexico ,
NAFTA ,
Steel Industry ,
Tariffs ,
Trade Agreements ,
Trade Policy ,
Trade Relations ,
Trump Administration ,
US Trade Policies
USTR Lighthizer last week delivered the Administration’s official 90-day notice to Congress that it will renegotiate NAFTA.
The notice says that the process will be carried out “consistent with Congressional priorities...more