Trade Cases
January 13, 2020
Written by Sandy Williams
With a new trade deal in the works, the U.S. has declared that China is no longer a currency manipulator after labeling it one last summer.
In August 2019, Treasury Secretary Steven Mnuchin, “under the auspices of President Trump,” determined that China was devaluating its currency to “gain an unfair competitive advantage in international trade.”
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The Biden administration issued three decisions last week that raise the question whether international trade will be harder or easier when it comes to infrastructure and commercial manufacturing in the US.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
The office of the US Trade Representative (USTR) endorsed the World Trade Organization’s (WTO) panel report regarding the Section 232 duties against China on steel and aluminum. The report recognized the duties as “security measures,” rejecting China’s arguments against them.
The US Department of Commerce has published its preliminary findings in the antidumping (AD) trade case investigating tin mill products from China and Canada.