India updated goods and services tax rates on a range of items and introduced policies to promote exports, according to a notice from India’s Central Board of Indirect Taxes and Customs.
Although the U.S. is authorized to levy "prohibitive" tariffs -- up to 100 percent -- on $7.5 billion in European imports, senior U.S. trade officials say they have decided to impose 10 percent tariffs on large civil aircraft and 25 percent tariffs on some European food products, British apparel, blankets and bed linen, some Irish and Scotch whiskey, German or British hand tools, lenses, books and self-propelled heavy equipment. The tariffs will go into effect Oct. 18, the officials said, and a Federal Register notice with the details is expected Oct. 3. The USTR's full list includes more than 150 tariff lines, though some are only part of the eight-digit line.
U.S. companies and trade associations criticized China’s high import tariffs, inconsistent import clearance procedures and restrictive sanitary requirements in comments to the Office of the U.S. Trade Representative ahead of an Oct. 2 hearing on China’s commitment to World Trade Organization obligations.
India blocked a first request from the U.S. for the World Trade Organization to form a panel to judge whether the hike in tariffs that India instituted because of the U.S. tariffs on Indian steel and aluminum breaks the rules. The panel is automatically convened after a second request. India delayed retaliating for the Section 232 tariffs for many months, but put them in place after the U.S. removed India from the Generalized System of Preferences benefits program.
In the Sept. 30 and Oct. 1 editions of the Official Journal of the European Union the following trade-related notices were posted:
The Supply-Managed Trade Controls Division of Global Affairs Canada updated its public documents page related to the tariff rate quota administration for supply-managed products, GAC said in an Oct.1 message to industry. "The Notices to Importers have been reformulated in plain language," the agency said. "There is no change to existing ministerial policies. In order to eliminate information duplicated across many of the Notices to Importers, general information has been centralized in one document. Finally, one document that sets out key dates and access quantities for the various TRQs has been created to facilitate the updating and consultation of this information."
The trade dispute between the European Union and Indonesia could allow U.S. dairy exporters to capture more market access in Indonesia, the International Dairy Foods Association said in an Oct. 1 press release. The dispute, which includes EU import tariffs on Indonesian biodiesel and is expected to include Indonesian retaliatory tariffs on EU dairy products, comes as the U.S. Department of Agriculture leads a dairy industry delegation to Jakarta, the IDFA said. The delegation is aiming to “strengthen bonds” with Indonesian dairy importers, the press release said, and “could be an opportunity for U.S. dairy exporters to grow market share.”
Export Compliance Daily is providing readers with some of the top stories for Sept. 23-27 in case they were missed.
Japan’s trade minister said the recently signed U.S.-Japan trade agreement is “powerful” and lauded its reduced tariff measures, according to an unofficial translation of a transcript of a Sept. 27 press conference. “I think it was of great significance that we broadly eliminated protectionist measures that would distort the global supply chain,” Minister of Economy, Trade and Industry Isshu Sugawara said. He said the agreement will take effect after it is reviewed by Japan’s “Legal Bureau” and approved by Japan’s legislature, echoing U.S. comments that the two sides plan to conduct more trade negotiations on a comprehensive agreement.
The next few months include a "rapid-fire succession of trade and tech war deadlines" that poses a high level of uncertainty for the fight between the U.S. and China, Bank of America economists Ethan Harris and Alexander Lin said in a Sept. 30 research report. Of those deadlines, what happens with Huawei's temporary general license is likely the most important unknown, they said. Huawei on Nov. 17 will be cut off from all U.S. exports, but "we expect an 'extend and pretend' scenario where Huawei remains on the 'entity list' but is allowed to keep buying US inputs."