This update helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities. Key Developments - U.S. new light-vehicle sales reached a SAAR of 15 million units in...more
Rare-earth magnets (i.e., neodymium-iron-boron permanent magnets), widely considered the most efficient way to power EVs, are the latest commodity to be potentially subject to Section 232 tariffs, which have previously been...more
On June 3, 2020, the Office of the US Trade Representative (USTR) published an interim version of the Uniform Regulations concerning the interpretation, application, and administration of key provisions of the...more
The U.S. Department of Justice Antitrust Division (DOJ) has prevailed in a first-of-its-kind arbitration, resolving its challenge to aluminum producer Novelis Inc.’s $2.6 billion proposed acquisition of rival Aleris...more
New Tariffs on Imported Steel and Aluminum Derivative Products - On February 8, 2020, the United States expanded tariffs on steel and aluminum raw material imports to include finished product imports from all but a select...more
A mounting death toll (over 106 and counting) and fears of a coronavirus pandemic sent markets tumbling early on Monday and kicked off a selloff that continued all day....more
The updated USMCA was signed on December 10, 2019. These are not business-as-usual times in the trading world. As we know, there is the ongoing trade war with China, Brazil and Argentina are back in the steel and aluminum...more
Because who wants a nice quiet December, right? Yesterday, the U.S. opened yet another trade war front by proposing retaliatory tariffs of up to 100% on a wide range of French imports after announcing that “it found France’s...more
The White House will again slap tariffs on steel and aluminum imports from Argentina and Brazil in an apparent reaction to “massive devaluation” of currencies in both South American nations....more
On May 17, 2019, the United States agreed to suspend the Section 232 tariffs that it had imposed on aluminum and steel imports from Mexico and Canada. As a result of the agreements, on May 19, 2019, President Trump issued two...more
On May 17, 2019, President Trump announced two significant trade developments. First, the President announced his determination in the national security investigation of imports of autos and auto parts under Section 232 of...more
The impact of tariffs in the automotive industry remains a topic of interest. Automotive companies are assessing the impact of the tariffs in their supply chain and developing strategies for passing through increased costs....more
On Sunday, September 30, President Trump reached an agreement with the governments of Canada and Mexico to revise and modernize the North American Free Trade Agreement (NAFTA). Publishing the text of the new agreement just...more
We are entering the “Summer of Disruption” to global trade based on five (5) recent US actions and other countries’ responses: 1. China The US announced on Friday the imposition of 25% tariffs on approximately $33.8...more
As we anticipated, the Fed held pat on rates yesterday, acknowledged rising inflation but betrayed little concern about it, and gave no signs of moving away from plans to next raise rates in June....more
On April 3, 2018, President Trump’s U.S. Trade Representative released a list of 1300 categories of Chinese goods that will be subject to 25% tariffs. That followed a tit-for-tat exchange in which President Trump announced a...more
On March 28, 2018 the White House formally announced that a trade deal with South Korea had been reached. President Trump is claiming a major victory with this one-on-one deal, the first of its kind since he took office, as...more