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Two New Task Forces for the Greater Irvine Chamber’s Economic Vitality Council Support International Trade and Business Expansion

Wednesday, September 04, 2019

The Greater Irvine Chamber’s Economic Vitality Council (EVC) has formed two new task forces to support the Chamber’s capacity to influence Irvine’s competitiveness in a global economy, attract new businesses, improve business retention, and expand and grow businesses. The Growing Irvine Exporters Task Force has been formed to identify local companies that are not exporting but that would benefit from exporting to grow their business. The task force will focus on developing a set of criteria to evaluate a company’s viability to export. It will then connect interested companies to such export assets as U.S. Commercial Service, Export Assistance Center, U.S...

Mexico Supplants China as #1 US Trading Partner

Tuesday, August 06, 2019

The ongoing trade spat with China – and the subsequent U.S. tariffs on over $500 billion of Chinese goods has had another effect on the relationship between the two countries. For the first six months of 2019, Mexico supplanted China as the top trading partner of the United States. For the first half of the year, imports from China decreased 12%. In the same period, U.S. exports to China decreased 19%. The U.S. Department of Commerce reported that for the six months of the year, the total value of the bilateral trade of goods between the U.S. and China was $271.04 billion. Thi...

Ten Percent Tariffs on Remaining Chinese Origin Goods Starting Sept. 1; Negotiations Continue

Saturday, August 03, 2019

President Trump announced in an Aug. 1 tweet that starting on Sept. 1, goods of Chinese origin that are not already on Lists 1, 2, or 3 will be subject to a 10% tariff. To be sure, the Office of the United States Trade Representative (USTR)—the government agency responsible for developing and recommending U.S. trade policy to the President—will have to finalize the list of affected tariff codes but the tweet means that virtually all trade from China will soon be subject to additional tariffs, unless a product's tariff code is one of the few tariff codes that have not been included or i...

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 i...

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 t...

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