Global trade disruption and opportunities
Trade disruption actions continue across the globe. US trade actions and sanctions, along with the global responses to those actions, progress towards ratification and implementation of the new US-Mexico-Canada Agreement set to replace NAFTA, announced bilateral trade discussions between the US and Japan, US and the EU, and the US and the UK pending Brexit, continued planning for Brexit, and the extended, complex negotiations for resolution of trade disputes between the US and China continue to contribute to a growing environment of uncertainty, the need to plan for change and the focus on ways to benefit from the disruption.
For many organizations, keeping up with the current evolving state of trade is proving difficult — particularly since change seems to be a daily occurrence. This electronic magazine provides the latest global trade-related news to help you stay informed and able to adapt in a fluid trade environment. Through this portal, you will be able to view late-breaking news, thought leadership and leading practices and perspectives from EY professionals on what the future may hold. You will also find insights and planning strategies to help your organization mitigate the impacts of trade disruption.
Explore the impacts to your business and access available resources:
USTR issues amendments to granted exclusions to Lists 1 and 2 for Chinese-origin goods; grants new exclusions to List 3
On 13 December 2019, the United States (US) and China reached a framework for a formalized agreement to address the ongoing trade tensions between the two countries
The US has targeted certain EU products to be subject to punitive tariffs of up to 100% following a WTO finding that the EU failed to make necessary changes under the Airbus subsidy case. The US also took actions that have effectively ended the WTO Arbitration panel
US issues findings of Section 301 investigation regarding France's Digital Services Tax; proposes imposition of tariffs
The US has proposed tariffs of up to 100% on a variety of French products, including cheeses, Champagne, makeup, handbags, and porcelain and china in retaliation for the French Digital Service Tax