Two Minutes in Trade

With “Column 2” tariffs averaging 20% compared to “most favored nation” tariffs at only 1.4%, importers of Russian staples must consider the cost implications.  However, the impact will not be as uniform across commodities as one may suspect.

With the House passage of language in the Omnibus Appropriations bill directing USTR to establish a 301 exclusions process, the U.S. government is the closest it’s been since December 2020 to providing broad-based tariff relief to U.S. importers.

Buy America Regulations for government procurement are being modified to require 75% US content by 2029. Listen for more details on today’s Two Minutes In Trade.

The fourth year anniversary of the China 301 Tariffs is almost here and that means that the tariffs must be terminated, unless a domestic industry opposes. How will USTR navigate the upcoming termination or extension procedures for these tariffs?

Russia may lose MFN status in the U.S. and other countries. Energy products may be banned from import. Listen for more on today’s two minutes in trade.

The relationship between public, private and humanitarian enterprises throughout the crisis supply chain must remain unwavering. The Ukraine invasion provides a profound case in point

Russia’s invasion of Ukraine includes cyber attacks. CISA and FBI urge all companies in the US to increase vigilance and take immediate precautions.

Expanded sanctions on Russia mean previously allowed transactions may now be prohibited and traders must check ALL the lists with various agencies to know if your goods are impacted. Listen to today's Two Minutes In Trade for details.

Data privacy protections are evolving and as we interact with smart appliances they gather data too. The EU is developing data privacy laws but personal and non- personal data lines are blurring. Listen for more on today’s Two Minutes In Trade.

The war in Ukraine and concomitant sanctions will impact trade routes. Listen for more info on current interruptions.