Italy will not ratify EU/Canada trade deal.

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The Italian government has threatened not to ratify the EU/Canada trade deal titled: the Comprehensive Economic and Trade Agreement (CETA). CETA would be the largest trade deal since the EU/South Korea trade agreement in 2011.

The main reason for Italy’s opposition to the EU/Canada trade deal is the lack of protection for Italy’s specialty foods. The EU/Canada trade deal featured Protected Designation of Origin (PDO) and Protected Geographical Indication (PGI). Under CETA, Canada has recognized more than 40 Italian PDO and PGI labels out of a total of 292 foods.

Check back as more news becomes available.

EU approves counter tariffs against US steel and aluminum.

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In response to US tariffs on steel and aluminum, all members of the EU unanimously approved a plan to impose import duties on $3.3 billion worth of US products of steel and aluminum.

Further details will be released in 3 days as they are available and duties are expected to be in place later this month or early July (the next scheduled meeting is June 20th).

Questions, call David Hsu at 832-896-6288 or by email at attorney.dave@yahoo.com.

 

EU imposes tariffs on US goods starting July 1, 2018. Full list here.

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No surprise here – the Associated Press on June 6th published an article stating the European Union (EU) will start imposing duties on US goods starting this July in response to the current administration’s decisions to implement tariffs on steel and aluminum imports from Europe.

The increase in tariffs covers US goods such as steel, cigarettes, t-shirts, women’s cotton denim trousers, rice, broken rice (not a typo), tobacco, bourbon, peanut butter, cranberries and orange juice. The official list of goods subject to a 10%-50% duty can be viewed here.

Based on the items subject to new tariffs, seems like the majority of the people who will be effected are the consumers.

If you have any questions, please contact experienced trade attorney, David Hsu at 832-896-6288 or by email at attorney.dave@yahoo.com.

It’s official – US issues trade tariffs on steel and aluminum from the EU, Canada and Mexico.

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The Whitehouse issued two presidential proclamations that placed 25% steel and 10% aluminum tariffs on imports from the European Union, Canada and Mexico.

The full proclamations can be found here for steel and here for aluiminum.

If you have any questions on how these new tariffs will impact your business or what options you may have – contact experienced antidumping attorney David Hsu at 832-896-6288 or by email at attorney.dave@yahoo.com for a free evaluation.

EU wants to participate in the US-China steel dispute at the WTO.

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As previously posted on this blog, China requested consultations with the WTO regarding the US import tariffs on steel and aluminum. Requesting a consultation with the WTO is the first stage in the dispute process with the WTO and now the EU asked on April 23rd to join the dispute.

It is important to note that one week from now, President Trump will decide whether these tariffs would apply to imports from the EU. A temporary exemption from the 25% duty on steel and 10% duty on aluminum was granted for the EU until May 1st. Temporary exemptions were also granted to Canada, Mexico, Australia, Argentina and Brazil. South Korean imports have been exempted indefinitely.

In addition to the EU, Hong Kong, Russia, India and Thailand have also filed requests to join the consultations. Check back for more information as it becomes available.