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
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
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
The Institute of Scrap Recycling Industries (“ISRI”) noted in a November 21st news release that a Chinese Government news publication (“Xinhua”) posted an article regarding China’s intent to implement “the next phase import...more
Washington saw a flurry of bipartisan activity over the last few weeks. Most notably, Republican and Democratic negotiators reached a long-awaited deal on sequestration budget caps. The compromise, announced on February 7 as...more
An early look at the reaction from allies Canada, Mexico, and the EU to this week’s announcement from the White House that it was moving forward with steel and aluminum tariffs against these US trading partners....more
Last month’s back-and-forth between the United States and China resulted in a flurry of proclamations establishing tariffs on imports from the respective countries. We’re here to help boil it down so you know whether your...more
FERC Initiates Sweeping Reform of Ratemaking Treatment for Income Taxes - On March 15, 2018, the Federal Energy Regulatory Commission (FERC) released a series of issuances intended to address the need to reflect the lower...more
On March 1, 2018, President Trump announced new tariffs on steel and aluminum imports, rejecting push back from his own advisers and objections from both Democrats and Republicans. ...more
Country-Specific “Exemptions” - Last week Seyfarth Shaw published an alert concerning the 25% global tariff on imported steel articles, which commenced at midnight on March 23, 2018, and which would have applied to the...more
On March 8, 2018, President Trump’s administration signed two proclamations levying a twenty-five percent tariff on imported steel and a ten percent tariff on aluminum, both of which went into effect on March 23, 2018. ...more
Earlier this week, our firm sponsored a panel discussion entitled “Export Compliance for Aerospace & Defense Firms – What the OEMs Expect from Their Supply Chain” as part of Connecticut Export Week 2018. ...more
The White House’s protectionist plan to impose roughly $60 billion in annual tariffs on Chinese imports went over like a lead balloon on Wall Street, sparking fears of a trade war, increased volatility, and unintended ripple...more
In President Trump’s March 8, 2018 proclamations announcing new tariffs on imported steel and aluminum, he directed the Commerce Department to issue procedures within ten days for requests to exclude specific products from...more
As you probably know, President Trump recently announced a tariff on steel and aluminum imported into the United States, to take effect March 23. Imports from Canada and Mexico will be exempted from the tariff. Other...more
Builders and manufacturers who rely on imported steel as a major input may want to rethink their procurement strategy in light of an executive domestic preference decree issued last week. Under President Trump’s Proclamation...more
U.S. Department Of Commerce Releases Reports And Recommendations In Steel, Aluminum National Security Investigation - On February 16, the U.S. Department of Commerce (Commerce) released its reports and recommendations to...more
President Trump recently announced his intent to make good on his campaign promise to impose new, significant tariffs on many imports of steel and aluminum products to the United States. The announcement followed a Department...more
President Donald Trump surprised even his own senior staff on March 1 when he announced his intention to impose global tariffs of 25% on steel and 10% on aluminum....more
President Trump has issued a proclamation providing for additional 25 percent tariffs on imports of certain steel products and 10 percent tariffs on imports of certain aluminum products. The Administration's position is that...more
President Trump announced he will impose tariffs on imported steel and aluminum to protect U.S. producers. Trump said the tariffs would include a 25% duty on foreign steel and 10% for aluminum. While there has not been an...more