The government of Canada recently issued the following trade-related notices as of Nov. 2 (some may also be given separate headlines):
Retaliatory tariffs for U.S. tariffs on steel and aluminum were delayed again by India, the country's Department of Revenue said in a Nov. 1 notice. The tariffs, which were previously delayed to Nov. 2, are now set to take effect on Dec. 17. The retaliatory tariffs, first announced in May (see 1805180064), target agricultural products, motorcycles, steel products, and phosphoric and boric acid, and are aimed at offsetting the $241 million in duties India expects its U.S. customers to pay on its steel and aluminum exports. The tariffs were originally expected in June, but have been delayed multiple times. Many of the items already face high tariffs -- walnuts are taxed at 100 percent, fresh apples at 50 percent, chickpeas at 60 percent, motorcycles at 100 percent -- but the actions would add 10 percent more to many ag products, 20 percent more to walnuts and almonds, and 50 percent more to motorcycles.
The European Union recently issued the following trade-related release (notices of most significance will be given separate headlines):
The World Customs Organization issued the following release on commercial trade and related matters:
The European Union recently issued the following trade-related release (notices of most significance will be given separate headlines):
The government of Canada recently issued the following trade-related notices as of Oct. 31 (some may also be given separate headlines):
Australia has become the sixth country to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, so the trade pact will go into effect Dec. 30, 2018. A second round of tariff cuts will follow Jan. 1 for countries party to the agreement that follow a calendar tariff year; Japan's second round will happen April 1. Peru, Malaysia, Vietnam, Chile and Brunei have yet to ratify the trade agreement; Canada, New Zealand, Mexico, Japan, Singapore and now Australia have done so. The U.S. exited the TPP, the agreement's original name, three days after President Donald Trump took office in January 2017 (see 1810290044).
The European Union issued its latest version of the Combined Nomenclature, which takes effect Jan. 1, 2019, the EC said in a notice. The nomenclature is updated every year and "forms the basis for the declaration of goods (a) at importation or exportation or (b) when subject to intra-Union trade statistics," the EC said.
The World Customs Organization issued the following release on commercial trade and related matters:
The government of Canada recently issued the following trade-related notices as of Oct. 29 (some may also be given separate headlines):