Negotiations with Canada to redraw the North American Free Trade Agreement (NAFTA) concluded on Friday, August 31 with no agreement in place due to lingering divisions and President Trump’s unwillingness to offer any concessions. However, earlier this week Mexico and the US came to an agreement regarding two provisions that will impact the automobile industry.
Following recommendations from the U.S. Department of Commerce, President Trump announced on March 8, 2018, that the U.S. would impose 25 percent tariffs on all steel imports and 10 percent tariffs on aluminum imports. The only countries exempted from these tariff hikes are Argentina, Australia, Brazil, Canada, EU Member States, Mexico, and South Korea. which are currently working alongside the U.S. to modernize the North American Free Trade Agreement. Countries exporting into the U.S. can negotiate exemptions with the Commerce Department, and as of March 19th, companies that rely on imported steel and aluminum can file exclusion requests to exempt imported products from these tariffs.
On January 22, 2018, the Trump Administration imposed 30 percent tariffs on foreign-made solar cells and modules. The decision follows a unanimous decision by the U.S. International Trade Commission (USITC) recommending trade remedies, including tariff-rate quotas and ad valorem tariffs of up to 35% on solar goods.
The Trump Administration’s solar tariffs were implemented in response to a Section 201 petition filed jointly by Suniva, a Chinese-owned, U.S.-based solar company, and SolarWorld Americas, Inc., an American subsidiary of a German