USTR Proposes More Sanctions For Chinese Products – A Fourth List at 25%

There have been many recent developments in the trade negotiation process that prompted the United States to increase duties on certain Chinese products worth approximately $200 billion of import value as of May 10, 2019.   The Chinese government announced yesterday that it will increase sanctions on $60 billion worth of U.S. goods as of June… Read more »

President Trump Threatens To Increase Sanctions on Chinese Products

President Trump issued a couple of Twitter messages over the weekend stating that negotiations with China are moving too slowly and as a result, duties on goods under List #3 will go from the current 10% to 25% this coming Friday, and soon after more goods worth approximately $325 billion will also be subject to… Read more »

U.S. Plans to Terminate the Generalized System of Preferences (GSP) benefits for India and Turkey

The United States established the Generalized System of Preferences (GSP) on January 1, 1976 to promote economic growth in developing countries.   Under this program, duty-free benefits can be obtained for certain products from 129 designated beneficiary countries and territories that meet the Rules of Origin, which include a regional value content and direct importation requirements…. Read more »