On June 15, President Trump kept true to his May 29th promise of imposing additional tariffs against Chinese goods. The Office of the United States Trade Representative (USTR) has officially released the “Section 301 Product List”. The additional duties are effective on or after July 6, 2018.
History […]
Re-posted with Permission by the Southeast Produce Weekly.
Since March of this year, talk of increased tariffs has prompted rifts both in the United States and abroad. Following the U.S. departure from the G-7 Summit without signing the Communique, along with President Trump’s tariff Tweets, historic trading partners are now posturing themselves as adversaries while the possibility of a multi-front trade war increases. […]
In our previous post, we discussed ZTE’s record penalty for selling technology with US-origin chips to North Korea and Iran, in violation of US trade laws. The company initially received a $1.19 billion in penalties and was ordered to reprimand the executives responsible for the malfeasance’s as a condition to re-enter the United States (US) market after a three-year suspension. Despite telling the US government that the guilty executives had been properly punished, it became clear that they were instead rewarded with bonuses. This violation triggered an automatic ban of ZTE from the US market for seven (7) years. As the 4th largest seller of cell phones to the US, the ban on ZTE serves as a means of protecting American production.
After the announcement, the ensuing backlash from Beijing, as well as trade talks in China, President Trump stated that he and Chinese president Xi Jiping are working together to bring ZTE “back into business”.
Now, the Trump administration threw a metaphorical lifeline to this tech giant, seemingly easing tensions with Beijing. Secretary Ross announced a $1.4 Billion dollar settlement with ZTE.
ZTE has agreed to severe additional penalties and compliance measures to replace the U.S. Commerce Department’s Bureau of Industry and Security (BIS) denial order imposed as a result of ZTE’s violations of its March 2017 settlement agreement. Under the new agreement, ZTE must pay $1 billion and place an additional $400 million in suspended penalty money in escrow before BIS will remove ZTE from […]
We’re ecstatic to announce Diaz Trade Law’s Customs and International Trade Law blog was included in TOP 30 International Law Blogs! We were chosen from thousands of International Law blogs on the web using search and social metrics because we actively work to educate, inspire, and empower our readers with frequent updates and high-quality information. […]
Miami World Trade Week is all about showcasing the importance of international trade, logistics, services and port operations to the South Florida economy and promotes Miami as the “Trade & Logistics Hub of the Americas”. World Trade Week includes a full of International Trade information at International Trade Day hosted by the World Trade Center Miami and U.S. Customs and Border Protection (CBP).
Over 300 international executives representing more than 150 companies have registered to attend. Top officials from CBP and other participating government agencies (e.g. FDA, USDA, APHIS, PPQ, USFWS, CPSC, etc.) will be present and respond to your questions.