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Global Trade Advisory alerts

Updates on global trade developments around the world.

Recent alerts

Global Trade Advisory Alert - 8 March 2021
On 5 March 2021, the Office of the US Trade Representative (“USTR”) extended, once again, the expiration date of the temporary Section 301 tariff exclusions for COVID-19 medical care products. Specifically, the latest extension of the expiration of the exclusions that were announced last year has changed from 31 March 2021 to 30 September 2021.

Global Trade Advisory Alert - 5 March 2021
On 5 March 2021, the US and the EU agreed to suspend all supplemental tariffs between them resulting from the large civil aircraft dispute for four months effective as soon as internal procedures on both sides are completed. This announcement came a day after the US and the UK released a joint statement announcing a four-month suspension of US tariffs on the UK related to the ongoing large civil aircraft dispute effective 4 March 2021. The UK had already stopped imposing tariffs on US-origin goods when it left the EU on 1 January 2021.

Global Trade Advisory Alert - 4 March 2021
On 24 February 2021, US President Biden issued an Executive Order (EO) outlining the Biden Administration’s policy on supply chain resilience, diversity, and security. The EO stated that the Administration’s goals include increasing the resiliency of the US’s manufacturing base and mitigating the effects of future trade disruptions. The Administration described these actions as being part of a broader strategy to promote investment in domestic manufacturing capacity aimed at raising wages and standards of living.

Global Trade Advisory Alert - 5 February 2021
On 1 February 2021, US President Biden announced via Proclamation 10144 that the 10 percent supplemental tariff on aluminum imports from the United Arab Emirates (“UAE”) would remain in effect. This action reversed action taken by the former Trump Administration, which had granted an exclusion from these tariffs for UAE-origin aluminum that was to take effect on 3 February 2021 after the UAE agreed to quota restrictions for aluminum exports to the US. President Biden’s proclamation thus effectively reversed the UAE exclusion before it took effect.

Global Trade Advisory Alert - 3 February 2021
On 25 January 2021, US President Biden signed Executive Order (“EO”) 14005 titled, “Executive Order on Ensuring the Future Is Made in All of America by All of America's Workers.” The EO directs US federal agencies to take several measures to increase the purchase of goods and services from US-based companies under federally funded procurement contracts. Notably, it requires an increase of US content in goods produced for federal contracts, replaces the “component test” with a test that measures the value added to a product in the US, increases the price preferences for domestic end products, and creates a position in the Office of Management and Budget (OMB) that will be responsible for enforcement. The EO also encourages the head of each government agency to review and consider changes to its actions that are inconsistent with this “Made in America” policy.

Global Trade Advisory Alert - 29 January 2021
On 19 January 2019, the US Department of Commerce (“Commerce”) published an interim final rule and provisional regulations to enact the requirements of Executive Order 13873, “Executive Order on Securing the Information and Communications Technology and Services (“ICTS”) Supply Chain,” dated 15 May 2019.

Global Trade Advisory Alert - 27 January 2021
On 15 January 2021, the US Department of Commerce’s Bureau of Industry and Security (“BIS”) issued an interim final rule, effective on 16 March 2021, to implement the provisions of the Export Control Reform Act of 2018 (“ECRA”).

Global Trade Advisory Alert - 22 January 2021
On 11 January 2021, the Trump Administration re-designated Cuba as a state sponsor of terrorism (“SST”). Cuba had that designation removed in 2015 by the Obama Administration. The list to which Cuba is being re-added also includes Syria, Iran, and North Korea. To date, there has been no indication as to the Biden Administration’s response to this action.

Global Trade Advisory Newsflash - 8 January 2021
On 15 November 2020, the Regional Comprehensive Economic Partnership agreement (RCEP) was signed at the Vietnam-hosted virtual ASEAN Summit.

Global Trade Advisory Alert - 8 January 2021
Several regulatory and policy developments occurred over the past several weeks and during the holiday period that impact the global trade activities of many US importers and exporters.

EU-UK Trade and Cooperation Agreement
The European Union (“EU”) and the United Kingdom (“UK”) have reached the Trade and Cooperation Agreement, which applies on the provisional basis as of 1 January 2021. Below, we discuss some of the relevant implications of this agreement from the customs perspective, particularly rules of origin.

Archive

2020

Global Trade Advisory Alert - 2 December 2020
US Bureau of Industry and Security issues final rule on license review policy for certain controlled items destined for China, Russia, and Venezuela

Global Trade Advisory Alert - 23 November 2020
EU implements supplemental tariffs on goods of US origin

Global Trade Advisory Alert - 1 October 2020
US Customs and Border Protection increases its focus on investigating and enforcing US restrictions on the use of forced labor

Global Trade Advisory Alert - 1 September 2020
Catalogue of technologies subject to export restrictions and prohibitions updated

Global Trade Advisory Alert - 21 August 2020
USTR modifies list of EU/UK origin items subject to supplemental Section 301 tariffs

Global Trade Advisory Alert - 13 August 2020
US requires imports of Hong Kong goods to be marked as goods of China

Global Trade Advisory Alert - 13 August 2020
Update on Thailand’s dual-use items regulation

Global Trade Advisory Alert - 11 August 2020
US reinstates 10 percent supplemental tariffs on imports of Canadian-origin aluminum, and Canada responds with proposed countermeasures on US-origin aluminum

Global Trade Advisory Alert - 30 July 2020
US Department of State publishes new sanctions guidance

Global Trade Advisory Alert - 28 July 2020
US to impose additional tariffs of 25 percent on certain products of French origin

Global Trade Advisory Alert - 24 July 2020
US pursues several measures impacting US trade with Hong Kong

Global Trade Advisory Alert - 1 July 2020
The US Congress progresses legislation that would impose sanctions on individuals and entities that restrict Hong Kong’s authority, and the BIS expands export license requirements for certain exports to China, Russia, and Venezuela

Global Trade Advisory Alert - 30 June 2020
Update on Section 301 tariffs on EU and China origin goods, and related exclusions and requests for comments

Global Trade Advisory Alert - 21 May 2020
US publishes interagency guidance on illicit shipping practices; BIS publishes interim final rule amending General Prohibition Three of the EAR

Global Trade Advisory Alert - 15 May 2020
DDTC publishes FAQs related to transfers by or for the United States Government under section 126.4 of the ITAR

Global Trade Advisory Alert - 8 May 2020
USTR requests comments on Section 301 Tariff Exclusion Extensions

Global Trade Advisory Alert - 1 May 2020
USMCA to enter into force on 1 July 2020 as the US progresses its implementation steps

Global Trade Advisory Alert - 17 April 2020
Update on US global trade regulatory developments in response to COVID-19

Global Trade Advisory Alert - 16 April 2020
USMCA update: Canada and Mexico confirm completion of entry into force procedures

Global Trade Advisory Alert - 7 April 2020
Global update on COVID-19 customs and trade measures

Global Trade Advisory Alert - 27 March 2020
Update on US global trade regulatory developments in response to COVID-19

Global Trade Advisory Alert - 27 January 2020
Update on Section 301 Tariff Reductions, Suspensions, Exclusions, and Requests for Comments

2019

Global Trade Advisory Alert - 10 October 2019
Incoterms® 2020: What's new and important for global trade

Global Trade Advisory Alert - 3 October 2019
Section 301 tariff developments: more exclusions granted; technical amendments made; proposed tariff rate increases postponed; and status of exclusion requests

Global Trade Advisory Alert - 30 August 2019
Section 301 tariff update: List 4 announced, List 3 exclusions granted, proposed tariff rate increases, and exclusion filing procedures/updates

Global Trade Advisory Alert - 30 July 2019
Abolition of the domestic sale concept in the EU

Global Trade Advisory Alert - 14 May 2019
US Increases Section 301 Tariffs on List 3 China Origin Goods from 10% to 25% and Proposes a Fourth List of Additional Tariffs, while China Responds with Additional Tariffs on US Origin Goods

Global Trade Advisory Alert - 14 March 2019
UK-registered EORI numbers will be invalid in the remaining EU Member States in a no deal Brexit scenario

Latest alerts from the previous 12 months appear below. For older issues, or to subscribe, please e-mail a request to globaltaxpublications@deloitte.com.