TradeLane

While we wait for the US Administration to work out details on any potential trade deal with the EU, Turkey has moved to the forefront.

Section 232 steel duties on goods produced in Turkey will be doubled to 50% effective August 13^th  with an increase for aluminum duties to 20% still pending. Automobile and automobile parts duty increases are still being contemplated. 

In October 2016, the then Department of Immigration and Border Protection (DIBP) in Australia published DIBPN 2016/35, Voluntary Disclosures under Section 243T and Section 243U Customs Act 1901 (Cth). In this notice, DIBP, now the Department of Home Affairs (DHA), highlighted their commitment to working with the industry to encourage higher levels of voluntary compliance by providing increased transparency to the regulatory trade environment.

On July 12^th, the UK government published a whitepaper specifying broadly their proposal for a post-Brexit relationship with the European Union. This much-anticipated document outlines the UK Government’s best-case scenario on customs and trade policy after the separation. The below details reflect the UK Government’s desired outcome, not the final agreement between the UK and EU.

U.S. Customs and Border Protection has been instructed to begin collecting Section 301 duties on 818 products of China origin at the rate of 25% effective July 6^th.

The total value of the targeted goods is $50 billion.

List 1, which was implemented on July 6^th, is valued at $34 billion and the second list of products is expected to hit importers once the comment period ends.  List 2 is valued at approximately $16 billion. 

This week we feature guest author Alan Owen, Director of Customs Services, Europe at Expeditors, Tradewin's parent company. 

Speculation continues as to “what sort of a deal” will be struck between the European Union and the United Kingdom with regards to trade in goods and customs matters in a post Brexit environment.

Recent advances in the negotiation process have allowed both the United Kingdom and the European Union to move to the next phase, which will be to start discussing a future trading and customs environment and the implementation of the transitional period.