Customs duties

Unjustified U.S. Tariffs on Canadian Steel, Aluminum Will Harm Jobs, Economy in Both Countries

Retrieved on: 
Thursday, May 31, 2018
World, Customs duties, Economy, International trade, International relations, International taxation, Tariff, Canada, Trump tariffs

"The overwhelming evidence is that Canadian steel and aluminum exports are not part of the problem that the U.S. administration is trying to address.

Key Points: 
  • "The overwhelming evidence is that Canadian steel and aluminum exports are not part of the problem that the U.S. administration is trying to address.
  • Imposing tariffs on Canadian steel and aluminum risks harming the U.S. and Canadian economies and threatens thousands of jobs in both countries," Neumann said.
  • USW leaders in Canada and the U.S. had successfully lobbied against tariffs on Canadian steel and aluminum, leading the U.S. administration to grant temporary exemptions to Canadian producers.
  • The USW is calling on the Canadian government to respond decisively to the U.S. tariffs and to defend the Canadian aluminum and steel industries.

Remarks by the Prime Minister of Canada on steel and aluminum tariffs imposed by the United States

Retrieved on: 
Thursday, May 31, 2018
World, Customs duties, Economy, U.S. Steel, Canada, Tariff, Trump tariffs

The Prime Minister, Justin Trudeau, today delivered the following remarks in response to the decision by the United States to impose tariffs on Canadian steel and aluminum:

Key Points: 
  • The Prime Minister, Justin Trudeau, today delivered the following remarks in response to the decision by the United States to impose tariffs on Canadian steel and aluminum:
    Good afternoon everyone.
  • Today we find ourselves the target of punitive tariffs on Canadian aluminum and steel, under pretext of a 232 national security provision.
  • The numbers are clear: The United States has a $2 billion US dollars surplus in steel trade with Canada and Canada buys more American steel than any other country in the world, half of U.S. steel exports.
  • Canada is a secure supplier of aluminum and steel to the U.S. defence industry, putting aluminum in American planes and steel in American tanks.

U.S. imposes tariffs on Canadian aluminium - Anticipated negative effects on the North American value chain

Retrieved on: 
Thursday, May 31, 2018
Customs duties, Chemistry, International taxation, International trade, Tariff, Aluminium, Economy, International relations

Consequently, as of June 1st, 2018, the Canadian aluminium products imported into the U.S. will be subject to a 10% tariff.

Key Points: 
  • Consequently, as of June 1st, 2018, the Canadian aluminium products imported into the U.S. will be subject to a 10% tariff.
  • "This decision by the U.S. administration will have negative impacts on the North American integrated aluminium value chain.
  • The overall price of aluminium will increase, affecting small and medium size businesses both in Canada and the U.S.
  • The consumers and companies that supply these consumers will suffer when prices go up as a result of these tariffs, ultimately undermining the competitiveness of the entire North American aluminum industry.

Analysis: Tariffs on Chinese Exports Would Hit Many Non-Chinese Companies

Retrieved on: 
Tuesday, May 22, 2018
International trade, Economy, World, Customs duties, International relations, International taxation, Tariff, China, Export

NEW YORK, May 22, 2018 /PRNewswire/ --Amid ongoing global trade negotiations, new research reveals that about 43% of China's exports come from non-Chinese companies.

Key Points: 
  • NEW YORK, May 22, 2018 /PRNewswire/ --Amid ongoing global trade negotiations, new research reveals that about 43% of China's exports come from non-Chinese companies.
  • As a result, applying certain tariffs on Chinese exporters would not only impact the country's indigenous exporters, it would also impact foreign companies including many U.S. companies with a manufacturing footprint in China.
  • Moreover, if proposed U.S. tariffs (Section 301) were to take effect, China's foreign-dominated Information and Communications Technology (ICT) manufacturing sector would be hit the hardest.
  • As the second chart details, FIEs account for approximately 79% of exports in this space.

What Does China's Proposed Tariff on U.S. Propane Mean for the Industry? An Industrial Info News Alert

Retrieved on: 
Tuesday, May 15, 2018
Food and drink, Chemistry, International trade, Customs duties, International taxation, Tariff, Propane, Sugar Land, Texas, Sugar

SUGAR LAND, Texas, May 15, 2018 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--China has proposed a 25% tariff on propane imported from the U.S. in response to new U.S. import tariffs on a number of Chinese products.

Key Points: 
  • SUGAR LAND, Texas, May 15, 2018 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--China has proposed a 25% tariff on propane imported from the U.S. in response to new U.S. import tariffs on a number of Chinese products.
  • How would this affect the U.S. industry and projects involving propane?
  • Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets.
  • Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.

Majority of US Voters Oppose Tariffs on Solar Panels, Survey Finds

Retrieved on: 
Wednesday, April 25, 2018
Customs duties, Photovoltaics, International taxation, International trade, Tariff, Presidency of Donald Trump, Solar panel, Energy, Renewable energy, Economy, Trump tariffs

WASHINGTON, April 25, 2018 /PRNewswire-USNewswire/ --A new PPC survey finds that nearly six in ten voters oppose the new tariffs on solar panels imposed by the Trump administration, including a majority in very red districts.

Key Points: 
  • WASHINGTON, April 25, 2018 /PRNewswire-USNewswire/ --A new PPC survey finds that nearly six in ten voters oppose the new tariffs on solar panels imposed by the Trump administration, including a majority in very red districts.
  • The tariffs are 30% in year one, declining to 25% in year two, 20% in year three and 15% in year four.
  • A new bill in Congress, with bipartisan sponsorship, has just been dropped to reverse these new tariffs.
  • Respondents were given a short briefing explaining the reasons the tariffs were imposed and the opposition from solar installers and environmental groups.

$15.8 Billion Near-Term Cost To Retailers If US Exits NAFTA, A.T. Kearney Study Predicts

Retrieved on: 
Wednesday, October 2, 2019
Economy, Marketing, Merchandising, Retail, North American Free Trade Agreement, Americas, International trade, Retailing in India, Economy, International trade, International relations, Customs duties, Marketing, Merchandising, Retail, North American Free Trade Agreement, Tariff, Retailing in India

"Retailers in different sectors would be affected in different wayseven from product to product.

Key Points: 
  • "Retailers in different sectors would be affected in different wayseven from product to product.
  • With the retail industry importing $182 billion of goods from NAFTA partners, the cost to retailers could amount to as much as $15.8 billion in added tariffs and reduced margins.
  • Additionally, the study quantifies the impact on retail employment, projecting losses of over one hundred thousand jobs within the next three years.
  • A.T. Kearney is a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on their most mission-critical issues.

Suspicious Organic Grain Shipment Intercepted at U.S. Port, Reports The Cornucopia Institute

Retrieved on: 
Thursday, April 19, 2018
Organic food, Customs services, Customs duties, National Organic Program, Cornucopia Institute, Customs, United States Department of Agriculture, Cornucopia, International relations, Food and drink, International trade

U.S. Customs officials have blocked the shipment for offloading on the basis that it violates federal law.

Key Points: 
  • U.S. Customs officials have blocked the shipment for offloading on the basis that it violates federal law.
  • Sunrise, a Canadian-based importer, is now suing the USDA and U.S. Customs for rejecting the shipment, which Sunrise attests is worth millions of dollars.
  • asked Mark Kastel, Senior Farm Policy Analyst for The Cornucopia Institute .
  • An organic industry watchdog, Cornucopia has been pressuring the USDA's National Organic Program (NOP) for over a decade to pay attention to import fraud.