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Five California District Export Councils Gather at CalChamber

Friday, June 07, 2019

Members of the five California District Export Councils (DEC) met at the California Chamber of Commerce in Sacramento on May 22, to hear from Diane Farrell, deputy assistant secretary for Asia of the U.S. Department of Commerce. The current issues facing the trade community and the department’s new Indo-Pacific initiative were the focus of discussion. Following, the group attended other international trade-related events. The National Association of District Export Councils (DEC) contributes leadership and international trade expertise to complement the U.S. Commercial Service’s export promotion efforts through counseling businesses on the exporting process and conducting trade education and community outreach. The association is...

Five Percent Tariffs on Mexican Goods Starting June 10th

Monday, June 03, 2019

President Trump announced that starting on June 10, goods of Mexican origin will be subject to a 5 percent tariff. A statement released by the White House indicated that the tariffs would increase to 10 percent on July 1, 15 percent on August 1, 20 percent on September 1, and 25 percent on October 1, where they will remain until Mexico takes unspecified steps to curb illegal immigration to the United States. Pisani & Roll LLP will provide additional updates as further details are released, but since the stated rationale of the tariffs is said to be to incentivize Mexico to...

In Middle of Trade War, America’s Busiest Port Gets Ready for Robots

Tuesday, May 28, 2019

Pier 400 in Los Angeles is North America’s largest shipping terminal. More than 1,700 trucks pass through, on average per day, even in the middle of the U.S.-China trade war. All that cargo translates into thousands of miles driven within the facility each day, mostly by diesel vehicles, spewing pollutants. For APM Terminals, the part of global shipping company A.P. Moller-Maersk A/S that runs the Los Angeles terminal, the future of cargo handling looks like the future of driving: electric motors replacing gasoline engines, autonomous software replacing human workers. The company says the changes are necessary to meet California rules requiring container terminals to reach zero emissions...

Strong California Economy, Jobs Depend on Worldwide Free Trade, Investment

Tuesday, May 21, 2019

With trade being a top tier national issue, the California Chamber of Commerce continues to communicate its international trade priorities to secure a national free trade agenda. Such an agenda is in keeping with the CalChamber’s long-standing support for eliminating disincentives that impede the international competitiveness of California business. The economic advances that international commerce makes possible are clear, despite the regular attacks, and World Trade Month activities each May appropriately provide many opportunities to acknowledge the importance of global trade to the economies of California and the United States. The U.S. Department of Commerce reports that more than 97 percent of...

US, China Need to Reverse Course in Trade Row to Help Economy Says OECD

Tuesday, May 21, 2019

Economic growth in China and the United States could be 0.2-0.3 percent lower on average by 2021 and 2022 if the two countries do not row back on tit-for-tat tariffs in their dispute that has dampened the global economic outlook, the Organisation for Economic Cooperation and Development (OECD) said. U.S. President Donald Trump has raised tariffs on $200 billion on Chinese imports to 25 percent from 10 percent in the long-running trade row, while Beijing said it would hit back by lifting tariffs on $60 billion in U.S. goods. The global economy would grow by only 3.2 percent this year as growth...

Canada and Mexico Also Agree to Remove Their Retaliatory Duties

Monday, May 20, 2019

The United States and Canada announced that an agreement has been reached to remove the 25 percent "Section 232" duties on Canadian origin steel and 10 percent "Section 232" duties on Canadian origin aluminum. As part of the agreement, Canada also agreed to eliminate the retaliatory duties it had been charging on U.S. origin steel and aluminum, as well as on other non-steel/aluminum products. Canada and the United States also agreed to drop litigation at the World Trade Organization related to the steel and aluminum tariffs and to take steps to prevent aluminum and steel from being dumped and/or transshipped into...

OC World Trade Week Event Delivers a Power Packed Program

Monday, May 20, 2019

Joining more than 500 attendees at the Greater Irvine Chamber’s fifth annual Orange County World Trade Week (OCWTW) Breakfast and Forum , was an impressive list of International-American chambers, business associations, public sector and private trade organizations, Consulate Generals from across Orange and Los Angeles counties, and members of business community to exchange ideas and learn from experts in international trade and exporting. Steve Wagner, global managing director of Experian Decision Analytics, delivered a keynote on the topic of cybersecurity. Wagner discussed solutions and tools to better manage fraud as it relates to international transactions, and safeguard data against the constant...

CalChamber Reiterates Support for US-Mexico-Canada Agreement

Tuesday, May 14, 2019

The California Chamber of Commerce reminded the state’s representatives in Congress of the importance of the pending U.S.-Mexico-Canada Agreement (USMCA) to the U.S. and California economies. The CalChamber continues to urge all members to ask their California congressional representatives to support the USMCA. Background The CalChamber actively supported the creation of the North American Free Trade Agreement (NAFTA) among the United States, Canada, and Mexico, comprising almost 495 million people and combined annual trade with the United States of around $1.228 trillion in 2018. In 2018, goods exported topped $563.729 billion while goods imported totaled nearly $665.008 billion. President Donald J. Trump announced his intent...

Trade War Rattles Southern California Industry Leaders

Tuesday, May 14, 2019

Southern California economists and industry leaders sounded the alarm as the nation’s mounting trade war with China was poised to upend production costs for scores of local companies and boost consumer prices. “It’s getting deep enough into the trade war that it’s starting to get a little bit scary — it’s starting to have a serious impact,” Inland Empire economist John Husing said. “And China has retaliated. That makes it more difficult to sell things to China, so it hurts our employee base here.” The latest volley landed when the Trump administration said it was increasing import tariffs on $200 billion of...

U.S. Senators Vote to Unleash Full Potential of Export-Import Bank After Nearly 4 Years

Tuesday, May 14, 2019

In a bipartisan vote last week, the U.S. Senate confirmed three members for the Export-Import Bank Board of Directors to restore the export credit agency to full financing capacity. The three members, confirmed by the U.S. Senate on May 8 to serve staggering terms, are: Kimberly Reed as President and Chairman of the Board of Directors, with a term expiring in January 2021. Spencer T. Bachus III as a board member, with a term expiring in January 2023. Judith Delzoppo Pryor as a board member, with a term expiring in January 2021. Remaining board member nominees, including one for Ex-Im Bank vice president, are lined...

USTR Publishes List of Products Excluded From China Tariffs

Tuesday, May 14, 2019

The U.S. Trade Representative (USTR) released a fourth set of exclusions for 40 products covered by the original "List 1" Section 301 tariffs on Chinese products. Previously, in December 2018, the USTR published a first list of products that would be excluded from List 1. A second and third list of products were published on March 25, 2019 and April 18, 2019, respectively. Today's publication represents a fourth tranche of exclusions regarding List 1. The 40 excluded products are: (1) 8407.21.0040 (2) 8427.10.4000 (3) 8473.40.1000 (4) 8481.10.0090 (5) 8483.50.9040 (6) Apparatus, including pitchers, bottles, and units designed for incorporation into refrigerators, appliances or sink faucets, the foregoing fitted with...

OC World Trade Week Partners Include International-American Chambers, Trade Organizations

Monday, May 06, 2019

The fifth annual Orange County World Trade Week (OCWTW) Breakfast and Forum, to be held on Thursday, May 16, is supported by an impressive partner list of Orange County International-American chambers, and trade organizations. The event will also be attended by a number of Consulate Generals from across Orange and Los Angeles counties. “This reflects a powerful coalition of organizations that understand and appreciate the value of trade across the globe and implications for our economy and our place in the global economy,” said Linda DiMario, executive vice president, Greater Irvine Chamber. “Their commitment to this event and dedication to helping businesses grow...

UCI Applied Innovation Collaborates with Netherlands Health Campus for Innovation and Entrepreneurship

Wednesday, May 01, 2019

With a vision to help make Orange County a national and global leader in scalable innovation, UCI Applied Innovation recently entered into the Innovation and Entrepreneurship Collaborative Agreement with Brightlands Maastricht Health Campus of the Netherlands. The agreement was formally signed by Richard Sudek, chief innovation officer and executive director, UCI Applied Innovation, and Jan Cobbenhagen, CEO, Brightlands Maastricht Health Campus, during a ceremony commemorating the partnership. The signing of the agreement was followed by a ribbon cutting ceremony, led by Gerbert Kunst, Counsul General of the Netherlands, to celebrate the opening of their office at UCI Applied Innovation. The event recognized...

Irvine’s US Export Assistance Center Director Jim Mayfield to Speak Trade Trends at OC World Trade Week

Monday, April 29, 2019

The 2019 Orange County World Trade Week Breakfast and Forum (OCWTW) will include an overview of trends and key data points for trade in Orange County from Jim Mayfield, director of the U.S. Export Assistance Center, Irvine, the commercial service of the International Trade Administration with the U.S. Department of Commerce. Mayfield began his assignment with the Irvine Export Assistance Center in 2012, moving on to become director two years later. Prior to joining the Irvine office, Mayfield served as the Principal Commercial Officer at the U.S. Consulate in Ho Chi Minh City, Vietnam from 2009 - 2012. He has also...

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