Trade and Manufacturing Monitor
New Trade Deals with Japan, Indonesia, and the European Union Announced
In the last week, the Trump Administration announced new trade deals with Japan, Indonesia, and the European Union. The White House has now published fact sheets for all three trade deals, outlining the basic structure…
USITC Releases First Biennial Report on Economic Impact and Operation of USMCA Automotive Rules of Origin
On June 30, 2023, the U.S. International Trade Commission (ITC) released its first report on the economic impact of the United States-Mexico-Canada (USMCA) automotive rules of origin. Rules of origin (ROOs) are used to…
U.S. and Japan Reach Agreement on Critical Minerals and Treasury Releases Guidance on EVs
On March 28, 2023, the United States and Japan signed an agreement on trade in critical minerals used in electric vehicle (“EV”) batteries (“Agreement Between the Government of Japan and the Government of the United…
Build America Buy America: Strong Domestic Procurement Provisions in Infrastructure Bill Signal Increased Commitment to U.S. Manufactured Goods
The historic infrastructure bill, now approved by the U.S. Congress and pending President Biden’s signature, includes broad policy provisions designed to improve governmental sourcing from U.S. manufacturing sectors.…
U.S. increases tariffs on European aircraft: EU response a litmus test for transatlantic trade relations
Last Friday the United States Trade Representative (USTR) ramped up its tariffs on European aircraft, increasing the duty from 10% to 15%, effective March 18. It also announced it would make minor modifications to 25%…