On June 1, 2022, the United States and Taiwan announced the launch of the “U.S.-Taiwan Initiative on 21st Century Trade” (“Initiative”) designed to strengthen bilateral economic and trade relationships between the two parties. Representatives from the United States and Taiwan
Global Trade Policy Blog
The Global Trade Policy Blog, published by Steptoe LLP, covers developments in international trade law and policy, including antidumping and countervailing duty proceedings, trade remedies, tariff regulations, and investment treaties. It addresses regulatory changes such as the Department of Commerce's rules on particular market situations, updates on U.S. trade actions like Section 301 tariffs, and regional trade agreements including the African Continental Free Trade Area's investment protocol. The blog also explores the intersection of industrial policy and international investment agreements, focusing on performance requirements and their implications for foreign direct investment and trade relations.
Latest from Global Trade Policy Blog - Page 4
The Biden Administration Announces the Launch of Negotiations for the Indo-Pacific Economic Framework for Prosperity
By Eric Emerson
On May 23, 2022, President Biden announced the launch of negotiations for the long-awaited Indo-Pacific Economic Framework for Prosperity (“IPEF”). The IPEF had been under consideration for some time, but was finally announced during the President’s first trip to…
Impacts of Russia’s Invasion of Ukraine on Global Supply Chains
We are likely witnessing the beginning of the largest disruption to global supply chains in the post-World War II era. Between the COVID pandemic, the ongoing U.S.-China trade war, severe weather events, cyber attacks, and now the Russian invasion of…
USTR Starts “Review of Necessity” of Section 301 Tariffs
By Eric Emerson & Judy Wang
The Office of the United States Trade Representative (“USTR”) has recently initiated a statutory four-year review of the two actions taken under Section 301 of the Trade Act of 1974, as amended, in the investigation of China’s Acts, Policies, and…
New “Buy America” Guidance for Infrastructure Projects Released
On April 18, 2022, the Office of Management and Budget (OMB) published new guidance related to the implementation of the Build America, Buy America (BABA) provisions in the Infrastructure Investment and Jobs Act (IIJA). The BABA provisions, which passed in…
Major Global Economies Take Aim at Trade with Russia Following Military Invasion of Ukraine
Following Russia’s military invasion of Ukraine on February 24, 2022, the United States and other major global economies have taken a range of actions to impose economic costs on Russia and Russian interests. These actions initially consisted of economic sanctions…
The Indo-Pacific Economic Framework: How the United States Intends to Re-Engage with Asia on Trade
By Eric Emerson
In October 2021, President Biden announced the United States’ intention to pursue an “Indo-Pacific Economic Framework” (IPEF) as a means of strengthening U.S. ties in the Asian region. Substantive discussions on the IPEF have not yet begun, and indeed, there…
Biden Administration Imposes Sweeping Financial Sanctions, Export Controls after Russian Invasion of Ukraine
By Eric Emerson
Following the invasion of Ukraine, the United States government has imposed numerous economic sanctions and export controls affecting trade with Russia. In order to stay up to date on all sanctions-related matters, visit Steptoe’s “Sanctions Against Russia: Implications for…
Duty Suspension: An Interim Relief from EU Trade Defense Measures
It is generally known that EU anti-dumping and anti-subsidy measures are usually imposed for a period of five years, and that they can be (and usually are) extended for further five-year periods further to expiry review investigations. Similarly, operators facing…
Commerce Department Issues Request for Public Comment on the Section 232 Exclusion Process
On February 10, 2022, the Department of Commerce (“the Department”) published a Federal Register notice requesting public comments on the process for seeking exclusions from the Section 232 steel and aluminum tariffs. Comments are due on March 28, 2022.
The…