- On June 1, a group of bipartisan lawmakers led by Senator Mike Lee, R-UT, introduced the Formula 3.0 Act which would permanently remove tariffs and other trade restrictions on imported
Tariff
WCO Harmonized System Amendments Enter Into Force
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- The World Customs Organization amended the Harmonized System (HS) Code structure, which is used worldwide for the uniform classification of goods traded internationally. The HS serves as the basis for
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China, U.S. Tariffs to Have Long-Term Effect on Soybeans
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- The same day that China and the United States imposed new tariffs on each other’s products, including food items, the Soybean Association issued a statement warning about the long-term effects
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Food and Agriculture Industries to Face Retaliatory Measures in Response to Trump Tariffs
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- On June 1, the Trump Administration announced that it will extend tariffs on steel and aluminum to Mexico, Canada, and the European Union (EU), which originally had been exempted from
United States Issues WTO Counter Notification Against India’s Market Price Support
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- On May 4, the United States issued the first ever World Trade Organization (WTO) counter notification for agricultural products. All WTO Members are required to report annually (notify) on the
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