President Donald Trump's administration recently released its list of $200 billion worth of Chinese goods that it said it aims to subject to 10 percent tariffs following a review process. China threatened retaliatory action and pledged that it would lodge a complaint with the World Trade Organization.
Senate Finance Committee Chairman Orrin Hatch (R-Utah) said that although he’d supported the previous tariffs, the latest round seemed “reckless.” In addition, the National Association of Manufacturers said this round could undercut the competitive advantage U.S. manufactures have gained by way of tax and regulatory reform in recent months. “The last thing America’s manufacturing workers need is an escalating trade war,” NAM CEO Jay Timmons said in a statement. “America has China’s attention, so instead of more tariffs, the U.S. and China should immediately begin working toward a fair, bilateral, enforceable, rules-based trade agreement to end China’s market-distorting activities. We can’t afford to wait any longer.”
Will Congress succeed? What counterattacks are U.S. trade partners mounting in retaliation for the section 201 safeguards, the section 232 tariffs on imports of steel and aluminum, and the section 301 duties on Chinese goods? How will the White House respond? These questions and more will be answered at ST&R’s next update on this ongoing saga.
Agenda
8:30-9:00 Registration and Networking
9:00-9:10 Opening words by Elliot Papageorgiou, Chair of the Intellectual Property Rights Working Group,
European Chamber
9:10-9:40 Cost-Saving Strategies for Traders amid Lingering Sino-US Trade Frictions by Harry Zhang, Vice
President, Greater China Practice Leader for Sandler, Travis & Rosenberg Ltd and Sally Peng, Member
with Sandler, Travis & Rosenberg P.A, Hong Kong
9:40-10:00 Q&A
10:00-10:10 Closing Words by Elliot Papageorgiou, Chair of the Intellectual Property Rights Working Group,
European Chamber
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