News 24 Jun. 2021
Curtis successfully defends foreign states' procedural privileges in the UK Supreme Court
News 23 Jun. 2021
Ibrahim Elsadig joins Curtis as Partner in Dubai
News 09 Aug. 2021
Curtis, Mallet-Prevost, Colt & Mosle enters into association with Chevalier Law in Singapore.
Event 23 Apr. 2021
Partner Borzu Sabahi to speak on Damages, Enforcement and Annulment of Arbitral Awards at Executive Training Program hosted by the Government of India and the Indian Institute of Foreign Trade
Client Alert 18 Oct. 2021
Senior Associate Martin Wolff Discusses Practical Questions with Regard to the German Implementation of the EU Directive on Cross-Border Tax Arrangements (DAC6) in Institutional Money
News 18 Oct. 2021
Jan Krupski Joins Curtis as a Partner in Frankfurt
News 15 Oct. 2021
Claudia Frutos-Peterson and Elisa Botero Ranked Among the Top 100 Female Lawyers in Latin America by Latinvex
News 13 Oct. 2021
Curtis Joins The Appellate Project to Promote Appellate Practice to Diverse Law Students
Client Alert 15 Oct. 2021
Recent change in Dubai’s Arbitration Landscape.
News 20 Sep. 2021
Curtis Successfully Defends the Sultanate of Oman and Oman Aluminium Rolling Company LLC in U.S. Department of Commerce Trade Case
Client Alert 05 Oct. 2021
Proposed Legislative Changes to Federal Estate, Gift and Trust Taxation
Publications 22 Sep. 2021
Client Alert 24 Jun. 2021
U.S. Insight: Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
U.S. Insight: Update on Virtual Witnessing (New York Executive Order 202.14) During The COVID-19 (Coronavirus) Pandemic (Updated: June 24, 2021)
The Trade Expansion Act of 1962 provided the President of the United States of America with new authority to cut (or impose) international trade tariffs. The ability to cut tariffs was only applicable for five years, while most of the rest of the legislation became a permanent feature of United States international trade policy. The Act would come into sharp international focus when President Trump relied on Section 232 of the Trade Expansion Act of 1962 to impose tariffs on steel and aluminum.
A Section 232 tariff refers to any tariff imposed pursuant to Section 232 of the Trade Expansion Act of 1962. The section permits the President of the United States, upon a recommendation from the Secretary of Commerce, to impose a tariff on any goods being imported in quantities or circumstances that threaten or impair national security.
Both Canada and Mexico are exempt from the current round of Section 232 tariffs on steel and aluminum. These nations are both members of the newly negotiated USMCA (United States, Mexico, and Canada Agreement), a free trade agreement formerly known as NAFTA (North American Free Trade Agreement).
Sections 301 through 310 of the Trade Act of 1974 are commonly referred to as “Section 301.” These sections permit an American president to impose or increase tariffs where a foreign country, in the opinion of the United States Trade Representative, engages in acts, policies, or practices that violate a trade agreement or burden or restrict US commerce.
Section 301 works by the United States Trade Representative beginning a “301 investigation.” The USTR has 12 to 18 months to seek a negotiated resolution with the nation allegedly engaging in practices that contravene Section 301. At the end of that period, retaliatory measures, like the imposition of tariffs, may be undertaken. In cases where a trade agreement is involved, the US must use the trade dispute mechanism found in the agreement.
A Section 301 action is any action under Sections 301 to 310 of the Trade Act of 1974 by the United States Trade Representative to address or retaliate against any act, policy, or practice of a foreign country that violates a trade agreement or burdens or restricts US commerce.
A Section 301 probe is another phrase for a Section 301 investigation. A Section 301 investigation is the first phase required for the eventual imposition of a Section 301 tariff. It occurs under the authority of sections 301 to 310 of the Trade Act of 1974 and is designed to uncover acts, practices, or policies that violate trade agreements or burden or restrict US commerce.
ITC Injury Proceedings
WTO and International Trade Dispute Settlement
Trade Remedy Practice