Life Sciences Trade Alert is providing readers with some of the top stories for May 14-18 in case they were missed.
International Trade Today is providing readers with some of the top stories for May 14-18 in case they were missed.
Despite the Trump administration's pause (see 1805200002) in adding Section 301 tariffs on goods from China, it's too early to end efforts toward product exemptions, Baker & McKenzie lawyer Ted Murphy said in a blog post. "While this is a positive development, it is also subject to change," he said. "As a result, for now, we are recommending that companies continue to pursue exclusions just in case."
Despite the Trump administration's pause (see 1805200003) in adding Section 301 tariffs on goods from China, it's too early to end efforts toward product exemptions, Baker & McKenzie lawyer Ted Murphy said in a May 21 blog post. "While this is a positive development, it is also subject to change," he said. "As a result, for now, we are recommending that companies continue to pursue exclusions just in case."
The Trump administration's decision to stop the implementation of Section 301 tariffs while the U.S. and China formalize a deal has left many wondering which country is coming out ahead. China economics expert Derek Scissors, an American Enterprise Institute scholar who briefly advised the Trump administration on the Section 301 investigation, thinks it's too early to say. "I didn’t think he would agree to a deal where we have nothing on the table. I’m shocked at that. I assume more is coming," he said. "Right now this is an IOU for a deal."
The Trump administration's decision to stop the implementation of Section 301 tariffs while the U.S. and China formalize a deal has left many wondering which country is coming out ahead. China economics expert Derek Scissors, an American Enterprise Institute scholar who briefly advised the Trump administration on the Section 301 investigation, thinks it's too early to say. "I didn’t think he would agree to a deal where we have nothing on the table. I’m shocked at that. I assume more is coming," he said. "Right now this is an IOU for a deal."
Proposed new tariffs on products from China will be put "on hold while we try to execute the framework" of a deal with China, Treasury Secretary Steven Mnuchin said in a May 20 interview on Fox News Sunday. "I'm pleased to report that we've made very meaningful progress and we've agreed on a framework, which is important to understand, and the framework includes their agreement to substantially reduce the trade deficit by increasing their purchasing of goods," he said.
The FCC Enforcement Bureau resolved an investigation into whether 19-year-old Cameron Thurston violated Communications Act sections 301 and 303 by operating without authorization on spectrum licensed to the Michigan Public Safety Communications System (MPSCS), said a Wednesday order. Thurston pleaded guilty in court earlier this year, but due to his age, the nature of offenses and his willingness to tell Michigan State Police how he gained access, the court didn’t convict and instead named him a “youthful trainee” under Michigan statute, the bureau said. Under the consent decree, Thurston promised not to operate on or interfere with MPSCS, surrendered his amateur radio license and agreed not to apply for another license for two years. Thurston agreed to pay a $3,000 civil penalty, but would pay $17,000 for future such violations.
The FCC Enforcement Bureau resolved an investigation into whether 19-year-old Cameron Thurston violated Communications Act sections 301 and 303 by operating without authorization on spectrum licensed to the Michigan Public Safety Communications System (MPSCS), said a Wednesday order. Thurston pleaded guilty in court earlier this year, but due to his age, the nature of offenses and his willingness to tell Michigan State Police how he gained access, the court didn’t convict and instead named him a “youthful trainee” under Michigan statute, the bureau said. Under the consent decree, Thurston promised not to operate on or interfere with MPSCS, surrendered his amateur radio license and agreed not to apply for another license for two years. Thurston agreed to pay a $3,000 civil penalty, but would pay $17,000 for future such violations.
The Trump administration’s proposal to impose 25 percent Trade Act Section 301 tariffs on finished flat-panel TVs imported from China “will not be effective in addressing” China’s alleged unfair trading practices, said Best Buy Chief Merchandising Officer Mike Mohan in written testimony that the company furnished us from Mohan’s appearance Monday at the U.S. Trade Representative office’s hearing on the proposed tariffs (see 1805150069)