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Industry News

  • Trump to Suspend Steel & Aluminum Tariffs from Canada and Mexico May 17, 2019 A year ago, President Trump imposed tariffs on steel and aluminum products from most countries. Trump received sharp criticism from Canada, Mexico and the European Union. The President offered temporary exemptions for the European Union, Mexico and Canada. Two sources familiar with the USMCA deal, said that President Trump is poised to lift the tariffs on steel and aluminum from Canada and Mexico. The announcement has ...
  • Turkey’s GSP Eligibility Terminated May 17, 2019 The United States has terminated Turkey’s eligibility in the Generalized System of Preferences (GSP) program, based on its economic development. GSP allows some exports from countries to enter the United States duty free. GSP is the oldest and largest U.S. trade preference program that is aimed at promoting economic development in beneficiary countries and territories. The decision to end Turkey’s preferential treatment is effective May ...
  • USTR Proposed 4th List on $300 Billion of Chinese Goods May 14, 2019 On May 14, 2019, the United States Trade Representative (USTR) released a proposed forth list of Chinese origin goods subject to an ad valorem duty up to 25 percent. The proposed modification is on products of China with an annual trade value of approximately $300 billion. The request for comments and notice of public hearing action from the USTR listed the following important dates: June 10, 2019—Due ...




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