United States Trade Representative
Washington, DC – The Office of the United States Trade Representative today announced the formation of a new Bilateral Evaluation and Dispute Resolution Office, as envisioned by Article 7.2.2 of the Phase One economic and trade agreement signed by the United States and China on January 15, 2020. This office will monitor China’s implementation of its […]
United States Trade Representative
Today, under the leadership of President Donald J. Trump, the U.S. Department of Commerce announced that it has published a final regulation for imposing countervailing duties on products that benefit from unfair currency subsidies which, in turn, cause harm to domestic industries.
“This Currency Rule is an important step in ensuring that unfair trade practices are properly remedied,” said Secretary of Commerce Wilbur Ross. “While successive administrations have balked at countervailing foreign currency subsidies, the Trump Administration is taking action to level the playing field for American businesses and workers.”
U.S. Department of Commerce
On January 30, 2020, SSINA released the following policy statement regarding Indonesia’s raw materials export restrictions:
The Specialty Steel Industry of North America (SSINA) supports the United States’ request to join the World Trade Organization (“WTO”) consultations regarding Indonesia’s measures relating to raw materials, including nickel (“DS592”). Indonesia’s ban on the exportation of nickel ore, domestic processing requirements, domestic marketing obligation, and export licensing scheme violate its obligations under the WTO and artificially restrict the global nickel trade. They should be condemned as pure domestic protectionism and removed.
Press Release
On Friday, January 24, 2020, President Trump issued a proclamation expanding duties imposed on steel and aluminum articles pursuant to Section 232 of the Trade Expansion Act, commonly referred to as “Section 232 duties,” to certain downstream steel and aluminum “derivatives.”
Kelley Drye Trade and Manufacturing Monitor
(Washington, DC) (January 23, 2020) – The Specialty Steel Industry of North America (SSINA), a voluntary trade association representing the majority of the producers of specialty metals in North America, announced today the launch of its newly redesigned website at www.ssina.com.
The new site features a streamlined, modern design, as well as improved functionality across devices and browsers. The site incorporates new and enhanced content on a variety of topics of interest to SSINA members, customers, and specifiers of specialty metals, as well as policymakers and the media.
Press Release
United States Trade Representative
Today, Ways and Means Committee Chairman Richard E. Neal (D-MA) released the following statement after the U.S. House of Representatives passed H.R. 5430, Legislation to implement the Agreement between the United States of America, the United Mexican States, and Canada attached as an Annex to the Protocol Replacing the North American Free Trade Agreement.
House Committee on Ways and Means
(Ottawa) (December 18, 2019) – Following the signing of the Protocol of Amendment to the United States-Mexico-Canada Agreement (USMCA), North American steel producers thank the Governments of the United States, Mexico and Canada for their diligence in negotiating the Agreement. Steel producers in North America now call upon their respective governments to take urgent action to approve and implement the USMCA as soon as possible. Implementation of the USMCA is critical to strengthen our industry’s competitiveness in the face of the continuing challenges to the industry from global excess capacity and weakening demand.
Press Release
The United States and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange. The Phase One agreement also includes a commitment by China that it will make substantial additional purchases of U.S. goods and services in the coming years. Importantly, the agreement establishes a strong dispute resolution system that ensures prompt and effective implementation and enforcement. The United States has agreed to modify its Section 301 tariff actions in a significant way.
United States Trade Representative
