Taxes, Tariffs & Trade

On April 4, President Trump, who had been threatening to close the U.S. border with Mexico, said he will give Mexico a “one-year warning” before doing so.

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The United States International Trade Commission (USITC) wants to hear from small- or medium-sized NAFEM-member companies facing trade barriers exporting to the U.K. due to the country’s pending exit from the European Union.

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It’s been more than one year since the U.S. imposed 25 percent tariffs on imported steel and 10 percent tariffs on imported aluminum. “The tariffs continue to hurt steel-using manufacturers and consumers across the U.S.,” according to a recent statement by the Coalition of American Metal Manufacturers and Users (CAMMU), of which NAFEM is a member. “More and more manufacturers are reporting lost business to overseas competitors because of high steel prices in the U.S. and experiencing long delivery times for steel from the U.S. suppliers because the domestic steel industry cannot meet demand.”

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In a 2 – 1 decision, a U.S. Court of International Trade tribunal ruled that President Trump’s use of the Section 232 Trade Expansion Act to impose tariffs on imported steel and aluminum does not violate the separation of powers outlined in the U.S. Constitution.

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The USMCA Coalition, led by the National Association of Manufacturers (NAM), U.S. Chamber of Commerce and the Business Roundtable, is advocating for congressional approval of the United States – Mexico – Canada Agreement (USMCA). It’s important that businesses communicate their support for the USMCA. To do so, click here to learn more about the Coalition and click here to join, if you haven’t done so already.

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Last week, the U.S. International Trade Commission (USITC) released its formal analysis of the economic impact of the USMCA, with their model projecting a small but positive economic impact of the agreement.

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In early April conversations between the U.S. and China, the latter indicated that “new progress’ had been made and President Trump expected that a deal could be announced in early May.

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The United States International Trade Commission (USITC) is investigating trade barriers faced by U.S. small and medium-size enterprises (SMEs) exporting manufactured goods to the United Kingdom (UK).

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Participate in NAFEM’s Data Protocol Subcommittee and Technical Liasion Committee meetings taking place May 20.  RSVP and suggest discussion topics by Monday, May 6 to Natalie Jarvis.

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