Trade Policy

On May 8, President Trump announced that the U.S. will withdraw from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA), and reimpose the strict economic sanctions program that was in place prior to the landmark 2015 agreement. The U.S. Treasury Department’s Office of Foreign Assets Control issued a Frequently Asked Questions document in coordination with the announcement to assist with the implementation of the Iran sanctions program. Here is the bottom line so far.

(more…)

The Office of the U.S. Trade Representative published a proposed list of 1,333 Chinese products under consideration for 25% tariffs on April 3 under Section 301 of the Trade Act of 1974, which provides the President and the USTR broad authority to investigate and respond to harmful trade practices in foreign countries found to impair U.S. commerce. (more…)

I was fortunate enough to be on a panel last week with four foreign government representatives to discuss trade. The meeting was informative and I thought I would share my take-aways. My conclusion is that Trump’s trade policy is headed towards a more balanced trade agenda. Although there are some anti-free traders in the inner circle, there are also proven free traders who are simply looking to make trade more fair. (more…)

Dear readers,

This attachment is from my TerraLex colleagues in London regarding the Brexit. I don’t believe we can have a better analysis at this time. The global trading system is very volatile. And our election will further affect both TPP and TTIP. (more…)