Tariffs
Total 34 Posts
Under U.S. Pressure, Mexico Reduces Steel Imports from China
Last week, President Biden pushed for the tripling of existing Section 301 tariffs on Chinese steel and aluminum, and the White House made clear that part of the plan is to work with Mexico on reducing Chinese products being shipped through Mexico to the United States. Mexico has in recent
China-Nicaragua Free Trade Agreement Enters into Force
On January 1, the China-Nicaragua Free Trade Agreement (FTA) entered into force. In this piece, we examine the details of the schedules of tariff concessions under the FTA, and the provisions on services trade and investment.
House Committee Proposal To Raise China Tariffs Could Lead to WTO Violations, More Tariff Escalation
Last week, the bipartisan House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party made a recommendation to raise tariffs on China through a change in the U.S. tariff schedule. The political prospects for this proposal are unclear at this point, but if
Mexico's Tariff Hike and Its Impact on China-Mexico Trade
The Mexican government announced last month that it will raise tariff rates for a number of products. This tariff increase is applicable to all nations that do not have a trade agreement with Mexico, and China falls into this category. As a result, this move will have an impact on
China and Nicaragua Sign Trade Agreement
Today, China and Nicaragua signed a free trade agreement after four rounds of negotiations that took place over the past year. The agreement has 22 chapters, including four chapters on services trade and investment.
China Extends Tariff Exclusions on Some U.S. Imports
China's Customs Tariff Commission of the State Council announced last week that it will again extend tariff exclusions on some U.S. goods that were subject to retaliatory tariffs as a response to U.S. Section 301 tariffs.
China-Nicaragua Early Harvest Agreement Enters into Force in May
China's tariff commission announced today that starting on May 1, 60 types of goods from Nicaragua will be tariff free. This is part of an early agreement reached between the two governments, as a precursor of a more comprehensive trade agreement for which the negotiations are ongoing.