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ARTICLE · 26 JUNE 2018

Trade, Tariffs, And Trouble (Part III)

Dickinson Wright PLLC
Dickinson Wright PLLC
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Dickinson Wright PLLC

Dickinson Wright PLLC

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We are entering the "Summer of Disruption" to global trade based on five (5) recent US actions and other countries' responses:

United StatesInternational Law
Daniel Ujczo
Daniel Ujczo
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We are entering the "Summer of Disruption" to global trade based on five (5) recent US actions and other countries' responses:

  1. China The US announced on Friday the imposition of 25% tariffs on approximately $33.8 billion of China-sourced goods pursuant to Section 301 (effective July 6); China immediately announced retaliatory tariffs (effective July 6); the US launched investigations into nearly 300 other tariff classifications from China (totaling an additional $14.6 billion); and President Trump threatened, another set of US tariff threats on up to $200 billion of China sourced goods should China actually retaliate.
  2. Steel and Aluminum Tariffs Retaliatory tariffs were imposed or announced on US goods by Mexico (June 6), the EU (July), and Canada (July 1) relating to Section 232 steel and aluminum tariffs, with no resolution in sight.

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