US Tariffs, Trade Wars, and Sanctions: Trends and Developments to Watch Out For
The year 2019 has seen significant developments in the use of U.S. sanctions and tariffs, as well as in the country’s ongoing trade war with China. The Trump administration has imposed the Office of Foreign Assets Control (OFAC) sanctions on several countries in 2019 including Iran, Venezuela, North Korea, and Russia. In the same year, the U.S. revealed the terms of its phase one trade deal with China, which increases China’s purchases of the former’s products and rollbacks U.S. tariffs.
The U.S. government’s intensified use of tariffs and sanctions is expected to continue this 2020. Anticipated developments for the year ahead include the phase-specific removal of U.S. tariffs on China, Section 232 tariffs on steel and aluminum, and evaluation of Defending American Security from Kremlin Aggression Act (DASKA) as a legislative priority.
In this LIVE Webcast, international trade law experts John M. Peterson (Neville Peterson) and Jonathan Cross (Herbert Smith Freehills LLP) will provide an in-depth analysis of the recent developments involving U.S. tariffs, trade wars, and sanctions. As experts, they will also present practical guidance on how companies and concerned practitioners can navigate emerging trade issues given the fast-evolving regulatory and political climate.
- U.S. Tariffs, Trade Wars, and Sanctions in 2019 - A Review
- Recent Trends and Developments
- Issues and Challenges
- Best Compliance Practices
- What Lies Ahead
John M. Peterson, Partner
Neville Peterson LLP
- Trade Wars and Tariffs: The Tariff Part
- Section 301 of the Trade Act of 1974
- Section 301 Tariffs on Chinese Goods
- Exclusions to Section 301 Tariffs on China
- Ways for Dealing With Section 301 Tariffs
- Section 232 “National Security” Tariffs
- Exclusion Process for Section 232 Tariffs
- Litigation Over Section 232 Tariffs
- Other Weapons Against Section 232 Tariffs
- Other Section 301 Investigations
- Tips for Dealing With Sanctions
Jonathan Cross, Counsel
Herbert Smith Freehills LLP
- China-related sanctions developments
- Hong Kong export control status
- Xinjiang Supply Chain Business Advisory
- Huawei export control restrictions
- Venezuela sanctions developments
- Iran sanctions developments
Who Should Attend:
- International Trade Lawyers
- Trade Compliance Administrators and Managers
- International Trade Specialists
- Regulatory and Policy Managers
- Corporate Counsel
- Risk Managers
- Multinational Companies
John Peterson has practiced international trade and Customs law since 1977, and has enjoyed every minute of it. His practice embraces all phases of trade law, from counseling and import planning, to representation of clients before government agencies, and litigation in United States and foreign courts. Each new engagement allows him to learn about different industries, products, technologies and people. Whether the practice of law takes him to a high rise office tower in Asia, a factory on a Caribbean Island, or the control room of the Trans-Alaska pipeline, he relishes the opportunity to help clients solve problems and improve their operation.
John regularly represents foreign and domestic clients before United States Customs and Border Protection, the United States International Trade Commission, the United States Department of Commerce, the Foreign Trade Zones Board the Office of United States Trade Representative, the Bureau of Industry and Security, and the Departments of State and Treasury. He also assists clients with issues arising before foreign Customs authorities and international organizations, including the World Trade Organization and the World Customs Organization.
John Peterson has practiced international trade and Customs law since 1977, and has enjoyed every minute of it. His practice …
Jonathan's practice focuses on government investigations and regulatory matters, including US economic sanctions and export control issues, CFIUS issues, and antitrust clearances and litigation. Jonathan also has substantial experience in the field of complex commercial litigation.
Jonathan's practice focuses on government investigations and regulatory matters, including US economic sanctions and export control issues, CFIUS issues, and …
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Method of Presentation:
General knowledge of international trade laws and regulations
NY Category of CLE Credit:
Areas of Professional Practice
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About Neville Peterson LLP
Neville Peterson LLP is a law firm concentrating in international and domestic trade regulation matters. For more than 25 years, the firm has provided legal counsel and representation to foreign and domestic corporations and industries, governments, Customhouse brokers, freight forwarders, carriers and individuals in the areas of international trade, Customs law, export controls, intellectual property, antitrust, shipping, product safety, and related Federal regulatory disciplines.
The firm’s practice spans administrative representation, litigation and counseling before United States and foreign agencies, courts and international organizations.
About Herbert Smith Freehills LLP
Operating from 26 offices across Asia Pacific, EMEA and North America, Herbert Smith Freehills is at the heart of the new global business landscape providing premium quality, full-service legal advice. The firm provides many of the world’s most important organizations with access to market-leading dispute resolution, projects and transactional legal advice, combined with expertise in a number of global industry sectors, including banks, consumer products, energy, financial buyers, infrastructure & transport, mining, pharmaceuticals & healthcare, real estate, TMT and manufacturing & industrials.
The New York office of Herbert Smith Freehills includes a team of seasoned litigators as well as international arbitration specialists representing clients in a wide range of commercial litigation, investigations, cross-border matters and class actions throughout the United States. New York is also the hub for the firm's global Latin America practice with a focus on infrastructure and project finance matters. Additionally, New York has a cross-border M&A practice with a focus on outbound investments into Asia-Pac and EMEA. The team’s experience is broad-based and encompasses a variety of sectors, with notable expertise in financial services, energy and consumer products.
Lawyers in the firm's New York office have extensive experience in advising financial institutions regarding compliance with US economic sanctions. The firm has provided analysis of US sanctions issues arising in connection with transactions or potential transactions involving Russia, Ukraine, Syria, Myanmar, Iran and other jurisdictions, on behalf of US and non-US clients in the financial services, mining, oil and gas, and other sectors.