Category Archives: Imports/Exports

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Brexit: Dead ... Ahead?

Brexit
“Brexit” – the United Kingdom’s (“UK”) 2016 voter referendum to exit the European Union (“EU”) has grown from a nagging itch in many people’s sides to a full-blown feeding frenzy. There is now virtually blow-by-blow news coverage of daily developments. Pundits issue editorial warnings of dire economic consequences ahead (particularly for the UK). Savage political … Continue reading this entry

2018 Legal Trends for In-House Counsel

supply chain
As part of Foley & Lardner LLP’s ongoing mission to ensure that clients are prepared for dynamic changes in the current legal landscape, the firm recently presented the Association of Corporate Counsel – Michigan and Foley & Lardner LLP 2018 Legal Trends for In-House Counsel Program.… Continue reading this entry

International Trade: A New Dawn for North American Trade

The business community, lawmakers and even workers across North America breathed a collective sigh of relief on October 1, 2018, after the renegotiated NAFTA agreement was unveiled. Following negotiations that had become acrimonious, and fears that Canada might be left out, the newly dubbed United States-Mexico-Canada Agreement (USMCA) yielded significant but workable changes to cross-border trade … Continue reading this entry

Global AV and EV Regulatory Approaches in Focus Recently at Frankfurt Roundtable

supply chain
Guest Author: Ruth Knox, Managing Associate, Linklaters LLP Given the pace of change in the automotive industry and related technologies, combined with increasing regulatory scrutiny and recent developments in trade and M&A, there are several risks and challenges the global automotive industry can expect to deal with for the remainder of 2018 and beyond across Europe, China, … Continue reading this entry

Settling Supply Chain Disputes Arising from Steel and Aluminum Tariffs

The impact of tariffs in the automotive industry remains a topic of interest. Automotive companies are assessing the impact of the tariffs in their supply chain and developing strategies for passing through increased costs.… Continue reading this entry

Solving the U.S.-China Trade Deficit with Chinese IPOs

stock price
The U.S.-China trade deficit, which last year totaled $376 billion, has become the center of an ongoing trade war between the two nations.  A series of reciprocal and ratcheting tariffs have escalated these tensions, rapidly shifting which manufacturing sectors are profitable and which are not under the ever-unfolding tariff regime.  However, a September Initial Public … Continue reading this entry

Navigating Peaks and Valleys: The OESA’s Industry Outlook Panel

sales
The Original Equipment Suppliers Association (OESA) celebrated its 20th Annual Conference this week in suburban Detroit under the theme: “Transom Innovate Lead.” And while this year’s discussion that occurred the day after Election Day was dominated by trade and tariff concerns as well as discussions of talent strategies, leadership and technology, the afternoon session included … Continue reading this entry

Understanding and Coping with the U.S.-Mexico-Canada Agreement: USMCA Updates NAFTA Rules of Origin for Motor Vehicles and Auto Parts

supply chain
On September 30, 2018, the United States, Mexico and Canada announced that they have reached an agreement on a “new, modernized trade agreement for the 21st Century” (USTR, 09/30/2018). Going by the new name of the US-Mexico-Canada Agreement (USMCA), it will entirely replace the North American Free Trade Agreement (NAFTA).… Continue reading this entry

The Impact of a No-Deal Brexit Outcome

Brexit
On October 17, 2018, politicians expected to finalize Brexit terms at a 24-hour summit of European Union leaders in Brussels.  Had things gone to plan, a special one-off meeting in November was all that remained to sign the final Brexit deal between the European Union and the United Kingdom.  But the October summit fell apart.  … Continue reading this entry

Meet the New NAFTA, Same as the Old NAFTA?

manufacturing
After all the gloom and doom and worry, the United States, Canada and Mexico tweaked the North American Free Trade Agreement.  Most importantly (apparently), they changed the name.  Banished is NAFTA.  In its place is the United States-Mexico-Canada Agreement (USMCA).  USMCA might be a bit more cumbersome to say, but that might be the largest … Continue reading this entry

Raw Material and Commodity Purchasing – Key Concerns for Manufacturers

labor and employment
On August 9, 2018, Original Equipment Suppliers Association (“OESA”) held its 2018 Automotive Commodities Event covering a variety of topics related to commodities purchasing, including strategies for price risk management, insights into future mixed material usage in the automotive industry, and legal strategies for navigating volatile commodity markets.  Highlights of the issues discussed during the … Continue reading this entry

Here Comes the U.S.-Mexico Trade Agreement

Trade
The North American Free Trade Agreement – NAFTA for short – just took one step closer to no longer existing. As originally reported by the NY Times, the United States and Mexico announced that they had reached agreement on some key provisions that would change from the 24-year-old NAFTA.  Details are scarce, apparently in part … Continue reading this entry

New Section 301 Tariffs Target Numerous Automotive-Sector Imports: Coping Strategies and Prospects for Product-Specific Relief

supply chain
Introduction The automotive sector is getting a quick primer on the various ways in which the international trade laws can target automotive imports. In addition to the announcement of a potential Section 232 tariffs or other trade measures on imported automobiles and automotive parts (an investigation that is still ongoing), the Trump Administration now has … Continue reading this entry

Automotive Industry Fights Section 232 Tariffs

labor and employment
It is difficult to find anyone affiliated with the automotive industry in the United States, Europe, Asia or anywhere else who is in favor of tariffs on automobiles, automobile parts, automobile raw materials or anything else that goes into making a car or truck or other vehicle.  The industry seems to be in rare consensus … Continue reading this entry

Automakers Celebrate Strong June Sales as Industry Prepares for Potential Impact of Tariffs

tax credit
Automakers reported strong June sales in the United States.  Riding a wave of truck sales and new crossovers, GM posted a 4.6% increase for the second quarter and increased its market share to 16.6%.  Ford increased total sales in June by 1.2% over June 2017, and increased SUV and truck sales by 8.9% and 3.2%, … Continue reading this entry

Tariffs Wreak Havoc with The Auto Industry

tariffs
Trade issues have been concerning the automotive industry for some time.  Whether it be NAFTA renegotiations (or NAFTA scrapping), Section 232 Tariffs, Exceptions to Section 232 Tariffs, ever since the current administration was elected, the Dashboard has been predicting that trade issues could upend the automotive industry.  That day appears to have come as the … Continue reading this entry

Recent Enforcement Actions Demonstrate Multinational Automotive Companies Should Conduct Risk Assessments

multinational enforcement
Regulators within the Trump administration have sent a loud message that should concern all multinational automotive companies: laws governing international activities continue to be the subject of intense enforcement activity, leading to record fines in such areas as U.S. economic sanctions administered by the Office of Foreign Assets Control (OFAC), export controls (the International Traffic … Continue reading this entry

China to Relax Joint Venture Requirements for Manufacturing

vehicle manufacturing
On Tuesday, Chinese President Xi Jinping announced a planned rollback of the manufacturing foreign ownership limits first set forth in the 1990s, which require that manufacturing operations in China be at least 50% Chinese owned.  Specifically, China will begin by eliminating this ownership requirement for electric vehicle production and gradually roll back the requirements for … Continue reading this entry

New Exclusions Process Gives Automotive Companies the Possibility of Exemption from Section 232 Steel and Aluminum Tariffs

tariffs
On March 23rd, automotive companies that rely on imported steel and aluminum were confronted with new special tariffs of 25 percent on all imports of steel and tariffs of ten percent on all imports of aluminum, with temporary exclusions for Argentina, Australia, Brazil, Canada, Mexico, the member countries of the European Union, and South Korea. … Continue reading this entry

New Exclusions Process Opens Up Potential Relief from Section 232 Tariffs for Users of Specialty Steel and Aluminum Products or Companies that Serve National Security Needs

On March 23, steel and aluminum users were confronted with new special tariffs of 25 percent on all imports of steel and tariffs of ten percent on all imports of aluminum, with temporary exclusions for Argentina, Australia, Brazil, Canada, Mexico, the member countries of the European Union, and South Korea.1 These measures created a great … Continue reading this entry

NAFTA Renegotiations Create Uncertainty for Automakers

white house
The promise to renegotiate or else withdraw from NAFTA was one of the central points of the Trump campaign that helped him win states like Michigan, Ohio, and Pennsylvania.  In keeping with his campaign promises, the Trump administration has since proposed to tighten automotive content rules and rules of origin (from 62.5% to 85%) to … Continue reading this entry

Battery Development in the Auto Industry Leads to Electrification of Ships and Planes

supply chain
With the release of the new Tesla semi-truck in November, the public’s attention was captured with the idea of emission-free movement of freight.  In the United States, over 70% of freight is carried at some point by truck, and the potential transition from diesel to electric could have a dramatic impact on emissions. However, recent developments have … Continue reading this entry

China Joins the Club of Nations Planning Fossil Fuel Car Bans

As this blog has reported over the last few months, several countries have announced their intention to ban the sale of internal combustion-powered cars in the coming years.  But the latest to take this step—China—might be the most impactful of all in many ways.… Continue reading this entry

White House Wants to Renegotiate NAFTA to Help Automotive Companies, Who May Not Want the Help

white house
As anticipated by the Dashboard as far back as December 2016, the current administration is determined to renegotiate (or scrap) the North American Free Trade Agreement (NAFTA) in a way that helps out the United States’ manufacturing sector. One of the largest portions of that sector is the Automotive Industry. However, the Automotive Industry is … Continue reading this entry