Earlier this month, Frost Brown Todd LLC published a legal update regarding the new 25 percent tariff on imported steel products, which went into effect on March 23, 2018. Under the original form of the presidential proclamation issued on March 8, 2018, the steel tariff would have applied to the importation of steel materials from any country except for Canada and Mexico. However, on March 22, 2018, President Trump amended the proclamation by adding four more countries and one union to the country-wide exemption list. As a result, until May 1, 2018, the steel tariffs will not apply to imports from Argentina, Australia, Brazil, Canada, the European Union, Mexico, and South Korea. Read More ›
Last week, President Donald Trump formally imposed a 25 percent tariff on certain steel products and a 10 percent tariff on certain aluminum products imported into the United States from any country except for Canada and Mexico. These increased duties will go into effect on March 23, 2018. Read More ›
The sixth round of North American Free Trade Agreement (NAFTA) negotiations concluded in Montreal, Canada, on January 29, 2018. U.S. Trade Representative Robert Lighthizer voiced subtle optimism that some progress was made by closing a chapter on anti-corruption and discussing other core issues, but expressed general dismay at slow progress and tough challenges that still lie ahead to strike a new deal. Read More ›
On July 17, 2017, the Trump Administration released its most detailed and comprehensive list of objectives to date for renegotiating the North American Free Trade Agreement (NAFTA). While this publication provides additional insight into the renegotiation goals of the Trump Administration, it does trigger a 30-day period before formal talks of NAFTA renegotiation among the United States, Mexico and Canada can officially begin. Such 30-day period will end on August 16, 2017, on which the first round of talks on the three-nation pact are scheduled to take place. Read More ›
On May 18, 2017, the Trump Administration took its first formal step in delivering on President Trump’s much anticipated campaign promise to renegotiate the North America Free Trade Agreement (“NAFTA”). By formally notifying Congress of its plan to renegotiate NAFTA, the Administration has started the clock on a 90-day period, after which the United States can officially begin its NAFTA renegotiation talks with Canada and Mexico. Such 90-day period will end on August 16, 2017. Read More ›
During his campaign for presidency, President-elect Donald Trump frequently called the North American Free Trade Agreement “the worst trade deal in history.” He promised the American people that he would renegotiate or withdraw from NAFTA and raise tariffs on imports from Mexico and Canada. NAFTA is a free trade agreement signed by Canada, Mexico and the United States, creating a trilateral trade bloc in North America. In the aftermath of the election, Americans with international business interests may be wondering whether President-elect Trump has the legal authority to unilaterally withdraw the U.S. from NAFTA and how to prepare for that scenario.
Mr. Trump’s transition team has sketched out his plan for the first 200 days of his presidency. According to post-election memorandum and video, the president-elect intends to push for substantial changes to NAFTA and trade relations between the United States, Canada and Mexico. Read More ›
Roundsourcing Podcast (Brazil): Interview With Alana Portes, International Analyst for the State of Minas GeraisRead More ›
Ask the Blogger
Do you have a topic that you would like discussed in a future blog article? Please let us know. If you have a confidential question regarding a blog article, please feel free to contact the article's author directly, or let us know if you would like for someone to contact you directly.
Joseph J. Dehner Joe Dehner concentrates his practice on multinational business and securities disputes. He counsels a wide variety of companies, domestic and foreign, on issues confronting global business, including transnational investment, mergers and acquisitions, joint ventures, customs and trade issues, international business structures, distribution and agency agreements and the resolution of international disputes.