Dispute Looming Over USTR’s Interpretation of USMCA Auto Rules

2021-07-30T15:41:10+00:00July 27th, 2021|International Trade Issues, Other Government Agencies/Depts., U.S. Customs|

A year-long disagreement over interpretation of a key provision the USMCA's more stringent auto rules may be headed for a dispute resolution panel after talks in Washington last week between the U.S. and Mexico failed to make any progress on the issue.

U.S. and Vietnam Reach Agreement on Alleged Currency Manipulation

2021-07-22T13:59:40+00:00July 21st, 2021|International Trade Issues, Other Government Agencies/Depts.|

A joint announcement earlier this week from the U.S. Treasury Department and the State Bank of Vietnam that an agreement has been reached to address U.S. concerns with Vietnam’s currency practices has, for the time being at least, removed the threat of punitive Sec. 301 tariffs being imposed on Vietnamese imports.

Commons Committee Urges Government to Push for More Exemptions from ‘Buy American’ Initiatives

2021-07-02T14:26:42+00:00June 30th, 2021|International Trade Issues, Logistics & Supply Chain Management, Other Government Agencies/Depts.|

As the Biden administration looks to tighten up existing “Buy America” government procurement policies, a special committee of MPs says the Trudeau government should attempt to secure a wider range of exemptions for Canadian firms that would recognize the integrated nature of cross-border supply chains between the two countries.

U.S. and EU Agree to Suspend Retaliatory Tariffs in Airbus-Boeing Dispute for 5 Years

2021-06-17T15:19:59+00:00June 16th, 2021|International Trade Issues, Other Government Agencies/Depts.|

Following a summit in Brussels, the United States and EU countries have agreed to put $12 billion worth of retailiatory tariffs on hold for another 5 years as part of a new “cooperative framework” to resolve the long-running WTO dispute over state subsidies for aircraft manufacturers Airbus and Boeing.