Taxes, Tariffs & Trade

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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The U.S. and China reached a tentative, interim agreement in ongoing trade negotiations on Oct. 11. The U.S. agreed to delay planned Oct. 15 and Dec. 15 increases in tariffs on Chinese imports. China, in turn, agreed to purchase $40-$50 billion in U.S. agricultural products and eliminate foreign ownership requirements in its financial services sector. […]

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NAFEM members gained more relief from Section 301 tariffs on Chinese imports as the United States Trade Representative (USTR) published two, separate Federal Register notices announcing additional exclusions Oct. 2. In total, NAFEM and the industry have successfully secured 323 product exclusions from the tariffs. For List 1 an additional 179 products were excluded from […]

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A nine-person team of Democrats from the U.S. House of Representatives continues to work with the United States Trade Representative on concerns related to the United States ‒ Mexico ‒ Canada Agreement (USMCA). According to Christine Sohar Henter, NAFEM legal counsel, Barnes & Thornburg, the group continues to discuss enforceability of labor and environmental standards, […]

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