On 15 January 2020, President Donald J. Trump and Chinese Vice Premier Liu He signed a “Phase One” Agreement between the United States and China, a truce halting the escalating trade tensions between the two global trading heavyweights. The Phase One Agreement follows an investigation by the Office of the United States Trade Representative (USTR)
Trade
Updated Chinese Tariffs Impact Food Products
China announced a second round of American products that could be subject to retaliatory tariffs between 10 to 25 percent. The proposed list would target $60 billion worth of additional United States products, including many food products. China has not yet identified the effective date in the event it implements these tariffs.
Impact of China’s Proposed Retaliatory Tariffs on Food Products
On June 15, 2018, the Office of the United States Trade Representative (USTR) released a list of products imported from China that will be subject to additional tariffs as part of the United States response to China’s alleged unfair trade practices related to technology and intellectual property. The tariffs will pose an additional duty of…
Rules of Origin: a ‘hidden hard Brexit’ for the UK food industry?
The Food and Drink Federation (“FDF“) has published a report on the potential impact of rules of origin on UK food and drink exporters in the likely event that the UK ceases to be part of the EU customs union after Brexit.
Rules of origin are the detailed content requirements that determine whether…
European Commission Publishes Guidance on Brexit and UK Food Exports
On 1 February 2018, the European Commission issued a notice on the impact of Brexit for food products originating from the UK. The Commission confirmed that, in the absence of a transitional agreement, the UK will become a ‘third country’ from the date of its withdrawal from the EU. This will impact a number of…
Trump Administration Freezes Regulations and Hiring and Withdraws from Trans-Pacific Partnership
Since President Donald Trump was sworn in on January 20, the Trump administration has taken several actions that will affect the regulation of the food and agriculture industries domestically, as well as potential trade opportunities for these industries internationally. First, on January 20, White House Chief of Staff Reince Priebus issued a memorandum to the…