The incoming Trump administration could look to continue expanding the scope of U.S. foreign direct product rule restrictions, which could lead to enforcement challenges or push foreign companies to design U.S. components out of their supply chains, think tank scholars said last week.
President-elect Donald Trump posted on Truth Social that he will block the purchase of U.S. Steel by Nippon Steel, though it's possible President Joe Biden will take care of that before Trump is inaugurated.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The National Turkey Federation and Sen. Mark Warner, D-Va., co-chair of the Senate India Caucus, announced this month that the U.S. has begun exporting turkey products to India thanks to a September 2023 trade agreement that called for the South Asian country to reduce tariffs on several food items, including frozen turkey (see 2309080049). The first shipment, which was provided by Virginia turkey farmers, recently left the U.S. from the Port of Virginia, the announcement says.
The former chief of staff to then-U.S. Trade Representative Robert Lighthizer has been chosen for USTR in Donald Trump's second administration.
The Census Bureau emailed tips on how to address the most frequent messages generated this month in the Automated Export System.
Hours after President-elect Donald Trump said he would impose a 25% tariff on imports from Canada and Mexico until they take steps to address drugs and migrants crossing the border, Mexican President Claudia Sheinbaum warned that she might retaliate with her own set of trade restrictions.
China has been “consistently” building a set of policy tools it can use to retaliate against the U.S. and other countries in response to trade controls or other restrictions, and companies could soon start seeing China deploy those tools more frequently, said David Hathaway, a consultant on China issues for The Asia Group.
President-elect Donald Trump’s selection of billionaire businessman Howard Lutnick to be Commerce secretary (see 2411190036) drew mixed reaction on Capitol Hill this week.
The U.K. and India will relaunch talks on a free trade deal in 2025 after failing to reach an agreement in discussions over the last two years (see 2309010034), the U.K. announced this week after a meeting between their two leaders at the Group of 20 summit in Brazil. Business and Trade Secretary Jonathan Reynolds said the U.K. will look to lower Indian tariffs “to help British firms export to this dynamic market.”