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:
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
USTR announces various actions related to exclusion processes for China origin goods covered under trade remedy actions and initiates revisions for future exclusion requirements; US continues to evaluate certain country eligibility benefits under GSP
The US has taken various actions to modify the exclusion processes used in determining eligibility, including new requirements, while terminating $1.2 billion annually of GSP benefits for Thailand and taking actions on other countries
The UK Goverment has published its No-Deal Readiness Report detailing its work to help citizens and businesses achieve readiness in the event of a no-deal Brexit on 31 October
WTO rules on US complaint regarding EU civil aircraft subsidies; US announces countermeasure duties on certain EU products and also takes further actions on China origin goods
The US has received the largest WTO award in history permitting countermeasures duties to be imposed upon the EU on a wide range of products, effective 18 October. Additional exclusions granted on China goods