Export Compliance Daily is providing readers with some of the top stories for June 10-14 in case they were missed.
India’s decision to impose retaliatory tariffs on U.S. goods was expected by most of the U.S. business community, which has been preparing for the announcement for months, said Amy Hariani, vice president of the U.S.-India Business Council at the U.S. Chamber of Commerce.
The U.S. Chamber of Commerce expects the U.S.-Mexico-Canada Agreement to pass before Congress’ August recess, two Chamber of Commerce officials said, saying Democrats’ issues with the bill are “bridgeable.” “We do think that we can see USMCA move forward before the August break,” said John Murphy, the Chamber’s senior vice president for international policy. “We want to get on with it. We need the certainty that USMCA will provide.”
Before the U.S.-China trade war began, all countries that exported goods to China faced an average 8 percent tariff, according to a recent analysis from the Peterson Institute for International Economics. But now, U.S. exports to China are taxed on average at 20.7 percent, while German, Asian and Canadian producers are facing an average tariff of 6.7 percent.
Two top Trump administration agricultural officials said “substantial and immediate purchases” of U.S. agricultural goods are hinging on several current trade deals, but said they haven’t been told of any plan by Mexico to “immediately” purchase large amounts of U.S. agricultural goods, as President Donald Trump alluded to in a June 8 tweet.
Senate Intelligence Committee Vice Chairman Mark Warner, D-Va., and Sen. Marco Rubio, R-Fla., urged President Donald Trump's administration on June 13 not to use U.S. restrictions on Huawei as a “bargaining chip in trade negotiations” with China. The Commerce Department's Bureau of Industry and Security issued a notice adding Huawei and affiliates to a list of entities subject to export administration regulations beginning May 16 (see 1905160072). BIS issued a general license temporarily allowing certain transactions by Huawei and the affected affiliates through Aug. 19. Trump later said sanctions against Huawei could be part of trade negotiations with China.
President Donald Trump has threatened to put tariffs on Mexico's auto exports despite a side letter -- already in force -- expressly prohibiting such an action. Then, he decided to put tariffs on all Mexican imports to force Mexico to stop migrants from coming to the U.S. to claim asylum.
Bipartisan members of the House Foreign Affairs Committee criticized the Trump administration’s emergency decision to sell millions of dollars worth of arms to Saudi Arabia and other Middle East countries, with the committee's top-ranking Democrat promising to explore “every possible avenue” to block the sales.
As the European Union continues its “extensive preparations” for a no-deal withdrawal of the United Kingdom on Nov. 1, stakeholders should take advantage of the extra time granted by recent Brexit delays to ensure they have “taken all necessary measures” to prepare, the European Commission said in a June 12 press release.
The U.S. should impose harsher sanctions on the Nicaraguan government, the Daniel Ortega regime and the country’s business leaders or risk the country devolving into a similar situation the U.S. faces with Venezuela, panelists told the House Foreign Affairs Subcommittee on Western Hemisphere, Civilian Security and Trade on June 11.