Trade and Manufacturing Monitor
China and the United States Inch Closer Towards Trade Deal – Tariff Reductions May Follow
China and the United States continue to move towards finalizing a “phase one” trade deal. Speaking to the Economic Club of New York, President Trump stated that the United States is “close” to a deal and that it “could…
USTR Begins Process to Consider Extending Certain Section 301 Product Exclusions
First Set of Exclusions Set to Expire December 28, 2019 On October 28, 2019, the Office of the United States Trade Representative (USTR) announced plans to begin considering extensions of up to one year for certain…
USTR Announces Section 301 Exclusion Process for List 4A Products
On October 18, the United States Trade Representative announced an exclusion process for products included on China Section 301 List 4A, which covers $300 billion of imports. Imported products on this list are…
“Phase One” Agreement Between the United States and China Reached
On Friday, October 11, 2019, President Trump announced that a “phase one” agreement had been reached with China. Most notably, the U.S. agreed to suspend its plan to increase tariffs from 25% to 30% on $250 billion in…
Administration Poised to Impose Additional Tariffs on $300 Billion of Chinese Goods Effective September 1st
Since last year, the Trump Administration has imposed tariffs ranging from 10 percent to 25 percent on nearly all imports of Chinese goods. Now, the Administration is set to impose an additional $300 billion of tariffs…