Taxes, Tariffs & Trade

The U.S. Trade Representative (USTR) announced a process for requesting exclusions from Section 301 tariffs for products on List 4A subject to 15 percent tariffs.

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The Senate Finance Committee is considering two bills that would limit a president’s ability to impose Section 232 tariffs to protect national security. Senator Rob Portman’s (R-OH) bill would require Congress to vote to disapprove tariffs. Senator Pat Toomey’s (R-PA) bill would require Congress to vote to approve tariffs. The Toomey bill would apply retroactively, […]

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Despite continuing conversations between the nine-member U.S. House of Representatives’ working group and the White House regarding the U.S. – Mexico – Canada Agreement (USMCA), Speaker Nancy Pelosi now says a vote may not take place until early 2020. Mexico has ratified the agreement; Canada has not.

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Companies can apply for exclusions from Section 232 tariffs if a steel/aluminum product is not available domestically in sufficient quantity or quality.

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President Trump has formally notified the United Nations that the U.S. will begin the yearlong process of withdrawing from the Paris Agreement on climate change. The 2016 Paris Agreement is a global response to reduce the threat of climate change by keeping the 21st century global temperature rise to below 2 degrees Celsius above pre-industrial […]

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Discussions continue on the “phase-one” trade agreement between the U.S. and China.

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On Oct. 14, President Trump immediately increased tariffs on Turkish steel to 50 percent and halted negotiations with the country. This action followed Turkey’s attack on Syrian Kurds at its southern border soon after the president removed U.S. troops from the region.

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U.S. Representative Jackie Walorski (R-Ind.) continues to express concern that manufacturers and small businesses seeking relief from Section 232 steel and aluminum tariffs are being treated unfairly by the Department of Commerce’s (DOC) exclusion process. “Since the process was established, it has been a master class in government inefficiency and plagued by maddening inconsistency,” Rep. […]

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When the president or Congress needs to better understand the impact of potential tariff and trade-related decisions, they turn to the U.S. International Trade Commission (ITC). An independent, nonpartisan federal agency, ITC is authorized to adjudicate intellectual property and trade disputes. ITC also maintains the Harmonized Tariff Schedule (HTS) used to consistently describe most world […]

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