Taxes, Tariffs & Trade
A three-judge panel of the U.S. Court of International Trade heard oral arguments in a lawsuit brought by the American Institute of International Steel (AIIS) and two of its member companies alleging that the Section 232 tariffs on steel and aluminum are unconstitutional based on the 1962 federal law used to impose the tariffs.
Three days of trade talks with China to address tariffs concluded on Jan. 10 without a significant breakthrough or details on when talks would continue.
The United States, Mexico and Canada announced the final step in the renegotiation of the North American Free Trade Agreement (NAFTA) November 30, when President Trump, Canadian Prime Minister Trudeau and Mexican President Pena Nieto signed the United States-Mexico-Canada Agreement (USMCA) in Buenos Aires. Details are outlined in a Presidential Fact Sheet.
This investigation is focused on small- and medium-sized businesses and supports the current agenda of The United States-United Kingdom Trade and Investment Working Group, which is assessing ways to strengthen trade and investment ties and provide commercial continuity for U.S. and U.K. businesses as the U.K. prepares to leave the European Union.