Hot Topics in International Trade: Anti-dumping and Countervailing Duty #004
Harold Jackson discusses China, anti-dumping and countervailing duty. Impacts on products such as steel and aluminum are discussed and how China has increased production of metals that are cheaper than those manufactured in the U.S.. He discusses the sizes of associated dumping rates that are used to protect domestic industries.
Hot Topics in International Trade: China & BIS Export Controls #003
Harold Jackson discusses China and BIS (Bureau of Industry and Security) action on AI, advanced computing and semiconductors that restricts exports to China. He reviews licensing and how companies can navigate through these restrictions.
Taiwan – U.S. 21st Century Trade Initiative, More Than Just a Trade Agreement. A Statement to Beijing Perhaps
A little over a year ago on June 1, 2022, the United States and Taiwan launched the United States-Taiwan Initiative on 21st-Century Trade toĀ deepen their economic ties and trade relationship, and advance mutual trade priorities based on shared values, promoting innovation, and economic growth for workers and businesses.
Another China Competition Bill: The Future of Section 301 Exclusions
The Trade Act of 1974 grants the President broad powers to manage trade relationships with foreign countries. Section 301 of the act allows the President, acting through the United States Trade Representative (āUSTRā), to impose retaliatory tariffs on imports from a country if the USTR determines that countryās economic conduct āis unreasonable or discriminatory and burdens or restricts United States commerce.ā
Despite Geopolitical Tensionā¦Can Robust Bilateral Trade Exist? Australia and China, a Good Example Perhaps
Itās a little awkward, but in fact, a reality in this day and age that bilateral trade between two countries who view each other as somewhat adversarial, can co-exist economically. As the world turns, so does global trade, take Australia and China for the shining example.
Doing Business with China Continues to Get More Difficult for U.S. Companies
The year 2022 saw a substantial increase in export restrictions applicable to China. The U.S. and China are not only in a trade war but there is also an effort by the U.S. to (1) prevent development of supercomputers, semiconductors and related products and technologies, and (2) prevent use of forced labor ā especially involving the Uyghur minority in the Xinjiang region.
China and India, A Year Later, Post Invasion, Still Walking the Tightrope With the U.S. as They Continue to Set Records in Trade with Russia
Chinaās trade with Russia hit a record $190 billion U.S. in 2022, key operative word ārecord.ā China is setting a course to become Russiaās top trade partner and prove to the world just what the āno limitsā partnership can produce. An additional āmaybe some limitsā friend to Russia among the worldās larger economies is India.
Complying with BISās Advanced Computing and Semiconductor Manufacturing Rules ā Knowledge, Due Diligence, and Technology Thresholds
U.S. industries supplying Chinese facilities with products, equipment, software, and technology used in semiconductor development and production are subject to regulatory controls under the Export Administration Regulations (āEARā). New rules published by the Department of Commerceās Bureau of Industry and Security (āBISā) on October 13, 2022, 87 FR 62186, imposed additional license requirements regarding the […]
Forced Labor Due Diligence ā Supply Chain Tracing Requirements to Comply with UFLPA, Withhold Release Orders, and More
We can all agree that goods made from forced labor, indentured labor or child labor should not be introduced into the U.S. market. Indeed, U.S. law prohibits the entry of goods made from forced labor. The Uyghur Forced Labor Prevention Act (āUFLPAā) which went into effect as of June 21, 2022, expands on this prohibition by placing a ban on goods from the Xinjiang Uyghur Autonomous Region (āXUARā) where ethnic minorities are being exploited or certain specified entities that are involved in using forced labor
Incursion and World Trade, Part 4: Are India and China Coming to Putinās Rescue? The New Elephant in the Room
Calculations by top economists show that Russia is accumulating about one billion dollars a day on oil and gas exports to fund the invasion.