Canada may pursue an increase in its retaliatory tariffs on U.S. goods as part of an effort to convince President Donald Trump to end the U.S. tariffs on steel and aluminum from Canada, the Canadian Broadcasting Corporation said in a March 29 report. Mexico too is said to be considering an expansion to its retaliatory tariffs (see 1903140025). Additional tariffs on the U.S. are hoped to push Trump toward lifting the metals tariffs as part of U.S.-Mexico-Canada free trade deal, the CBC reported.
China will continue to suspend tariffs on U.S.-made cars and auto parts past April 1, according to a notice from China’s Ministry of Finance. In December, China originally announced it was suspending additional 25 percent tariffs on U.S. vehicles and parts as a show of good faith as the two countries negotiated a trade deal. The tariff suspension was scheduled to end April 1, but China announced on March 31 that the country would be upholding the suspension to “create a good atmosphere for economic and trade consultations between the two sides,” according to an unofficial translation of the announcement. The Ministry of Finance said it will announce at a later date when the extension will expire.
In the March 28 edition of the Official Journal of the European Union the following trade-related notices were posted:
Mexico is renewing temporary tariff increases on steel products under 186 tariff subheadings, according to a notice in the March 25 Diario Oficial. The across-the-board 15 percent tariff had originally been imposed on the same 186 tariff subheadings in June 2018, before apparently expiring on Jan. 31, 2019. The renewed tariff increases take effect March 26, and will remain in place for six months, the notice said.
Brunei Darussalam will on April 1 join the Association of Southeast Asian Nations’ system for exchanging electronic certificates of origin through the ASEAN Single Window (ASW), Singapore Customs said in a March 25 circular. "Brunei Darussalam will join Indonesia, Malaysia, Singapore, Thailand and Viet Nam to commence live operation of the ASW for the electronic exchange of Form D under the [ASEAN Trade in Goods Agreement],” the circular said. Use of the system by the original countries began Jan. 1, 2018, according to an earlier Singapore Customs circular.
In the March 25 edition of the Official Journal of the European Union the following trade-related notices were posted:
The European Union is amending its regulations on plant and animal health and protection to add new requirements for border controls on hay, straw and composite foods, it said in a notice published in the March 25 Official Journal. Specifically, the EU is amending a list of categories of goods subject to “official controls, at the border control post of first arrival into the Union,” to include “hay and straw and foodstuffs containing both products of plant origin and processed products of animal origin (‘composite products’),” the notice said. The changes apply from Dec. 14, 2019.
The Treasury Department’s Office of Foreign Assets Control, the State Department and the U.S. Coast Guard issued an update to its maritime petroleum shipping advisory to warn of deceptive shipping practices by Syria and highlight sanctions risks U.S. companies may face if trading with Syria or Iran. The update, a 10-page report that includes lists of ships that have “engaged in sanctionable conduct,” is aimed at “shipping companies, vessel owners, managers, operators, insurers, and financial institutions” who may face “significant U.S. sanctions risks.”
The Treasury’s Office of Foreign Assets Control sanctioned a Venezuelan state-run bank and five related entities, OFAC said in a March 22 notice, increasing pressure on the Nicolas Maduro-led regime in potentially the most impactful move against the country since January, when the U.S. sanctioned Petróleos de Venezuela, S.A, the country's state-run oil company.
In the March 22 edition of the Official Journal of the European Union the following trade-related notices were posted: