Vietnam is reportedly reducing tariffs on imported American liquefied natural gas, ethanol, automobiles and other goods as part of a bid to reduce its trade surplus with the U.S. and avoid facing increased duties imposed by the Trump administration (see 2502130030).
The European Commission will delay its first wave of retaliatory tariffs against the U.S. from April 1 until mid-April, commission spokesperson Olof Gill said in a statement March 20. Gill said the tariffs were delayed to "align the timing" of the EU's two sets of retaliatory actions announced last month (see 2503120042).
The EU and Canada announced retaliatory tariffs against the U.S. this week, targeting billions of dollars' worth of American exports in response to what they said were unjustified global 25% steel and aluminum duties imposed by the Trump administration. Other nations also criticized the U.S. tariffs as they mulled countermeasures of their own.
Beijing is studying ways to retaliate against an increase to 20% in U.S. tariffs to address fentanyl smuggling (see 2502270037), state-run news outlet Global Times reported March 3. China's countermeasures likely will include a combination of tariffs and non-tariff measures, the report said, with American agricultural and food products likely to be targeted.
Mexico should remain an attractive option for importers despite volatility from U.S. tariff threats, Mexico-based trade lawyer Alejandro Gomez argued during a Feb. 26 webinar hosted by In-House Connect, with lawyers from Foley & Lardner.
China used forced labor from North Korean nationals on its tuna fishing vessels, advocacy group Environmental Justice Foundation said in a report published Feb. 23. EJF found evidence that North Koreans worked on 12 Chinese vessels and were subject to "physical abuse, verbal abuse and excessive overtime."
The European Commission knocked down reporting that it is ready to drop its 10% tariffs on autos, and defended the pattern of trade between the EU and the U.S. in a FAQ document on the concept of reciprocal tariffs.
Japan has asked the Trump administration to exempt it from new 25% tariffs on steel and aluminum imports, Japanese Minister of Economy, Trade and Industry Yoji Muto said during a Feb. 12 press conference.
The European Commission is considering exempting more than 80% of companies that otherwise would be subject to import tariffs under the bloc’s upcoming Carbon Border Adjustment Mechanism, Climate Commissioner Wopke Hoekstra said this week. Hoekstra said the EU has found that the law may disproportionately target companies that aren’t responsible for most carbon emissions.
China opened a dispute at the World Trade Organization on Feb. 5 to challenge the new 10% tariff imposed by the U.S. on all goods from China, claiming that the measure violates the General Agreement on Tariffs and Trade. China said that not only do the duties violate the U.S. government's "Schedule of Concessions and Commitments," they're also "discriminatory and protectionist in nature."