Trade Updates from A.N. Deringer

The following is provided by AIV member A.N. Deringer:   US-Mexico-Canada Agreement (USMCA) Goes into Effect; Final Implementing Instructions Released Effective today, July 1st, NAFTA terminates, and the USMCA enters into force. The Final Implementing Instructions for USMCA (aka CUSMA) were released yesterday. The Background section states: “CBP understands that the trade may need time […]

Defense Production Act Loan Program for Re-Shoring Domestic Production Open

A Presidential Executive Order signed on May 14, 2020 (click here) provides International Development Finance Corporation lending authority under the DPA to re-shore domestic production of strategic resources needed to respond to the COVID-19 crisis, and to strengthen any relevant domestic supply chains. The DFC has now posted background and application information for initiative (click […]

Upcoming Webinars:  PPP Loan Forgiveness, Trade Issues

AIV’s national allies at NAM are helping present the following webinars that might be of interest to Vermont manufacturers and other businesses: Webinar on SBA tools for exporters and suppliers featuring the SBA’s Office of International Trade. June 9 at 1:00 pm.  Click here. Webinar on navigating PPP loan forgiveness. June 10 at 2:00 pm.  […]

Trade Updates from A.N. Deringer

The following is provided by AIV member A.N. Deringer. USTR Grants 16 Extensions for Section 301 List One Exclusions, Set to Expire June 4 The US Trade Representative (USTR) has extended sixteen exclusions from list one of the Section 301 tariffs imposed on Chinese imports. The exclusions, which were set to expire on June 4, […]

US Commerce Seeks Input on Section 232 Transformer Investigation

On May 19, the US Commerce Department Bureau of Industry and Security (BIS) published a notice in the Federal Register (click here) soliciting public comment on the Section 232 investigation recently launched (click here for more) into possible national security risks associated with the importation of laminations for stacked cores for incorporation into transformers, stacked and wound cores for incorporation […]

Extension of Travel Restrictions for Canada and Mexico

The Department of Homeland Security has announced that the temporary travel restrictions between the United States and Canada and the United States and Mexico will be extended to June 22, 2020. Click here for the announcement for Canada. Click here for the announcement for Mexico.

Roundup of Updates and Resources from the IRS

Complying with New USMCA Trade Agreement Announcement 2020-06 (click here) provides the Treasury Department and IRS view on how to interpret references in US income tax treaties to the North American Free Trade Agreement (NAFTA) once it is replaced by the Agreement between the United States Canada and Mexico (the USMCA).  The announcement provides that […]

Mexico Outlines Plans for Manufacturing Reopening

International supply chain issues have been critical for manufacturers and related businesses during the COVID-19 crisis just as domestic supply chain issues have been.  One area of particular concern has been guidelines for critical manufacturing and reopening of other manufacturing in Mexico.  Mexican President Andrés Manuel López Obrador has announced that Mexico will lift restrictions […]

Trade Updates from A.N. Deringer

The following is provided courtesy of AIV member A.N. Deringer: USTR Publishes Section 301 Exclusions, Amendments to Exclusion Over the past week, the Office of the US Trade Representative (USTR) announced new product exclusions and exclusion amendments for the Section 301 tariffs on imports from China. Product exclusions were published for Lists 3 and 4, […]