John K. Veroneau

John K. Veroneau

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Trump Moves on Steel Under Section 232

On April 20, 2017, President Trump issued a memorandum announcing that the Secretary of Commerce had initiated an investigation to determine the effects of imported steel on national security. The investigation was initiated under Section 232 of the Trade Expansion Act of 1962, as amended. I. Conduct of Section 232 Investigations Under Section 232, Secretary … Continue Reading

Trump, Xi Kick Off Economic Relationship

On Friday, April 14, the U.S. Department of Treasury published a widely anticipated semi-annual report detailing the foreign exchange practices of America’s major trading partners. Although he regularly called for China to be labeled as a “currency manipulator” as a candidate, President Donald J. Trump and his administration declined to use the occasion of this … Continue Reading

President Trump Acts on Several Trade-Related Campaign Promises

During the 2016 presidential campaign, President Trump made clear his plans to chart a new course on U.S. trade policy. The first few days of his presidency indicate his commitment to follow through on these plans. In his Inaugural Address, President Trump included trade among the policy areas that would be guided by an “America … Continue Reading

The President’s Long-Forgotten Power To Raise Tariffs

President-elect Trump’s expressed interest in possibly raising tariffs on imported goods has prompted considerable effort in trying to understand the scope of Presidential authority to raise tariffs. While the Congress has primary authority to set tariffs and the U.S. has made extensive international commitments to not raise tariffs, President-elect Trump will have a degree of … Continue Reading

A call for 50 percent tariffs on U.S. imports of aluminum

The United Steelworkers union (USW) on April 18 filed a petition with the U.S. International Trade Commission (ITC) for the U.S. to invoke a global safeguard under Section 201 of U.S. trade law and impose tariffs of up to 50 percent on primary unwrought aluminum. This proceeding could have significant impacts on global aluminum producers … Continue Reading

Next steps for TPP Deal

Yesterday, the twelve countries negotiating the Trans-Pacific Partnership Agreement (TPP) announced that they have reached an agreement. While this represents a significant milestone after more than five years of intensive negotiations, there is still a long road ahead before this agreement can enter into force for the United States – from releasing text to the … Continue Reading

Congress: Don’t dismiss neutral dispute settlement for US investors

Recent calls by anti-trade groups to abandon investor-state arbitration (often referred to as “investor-state dispute settlement,” or ISDS) ignore the modern reality of the global economy and conjure images of Chicken Little’s warnings that the sky is falling. Investment flows exceeded $1.45 trillion globally in 2013. Of the billions of dollars in cross-border investments in … Continue Reading

Trade Promotion Authority: post mid-term election

The President has constitutional authority to negotiate trade agreements.  But when the agreements call for changes in US laws, they must be implemented through the Congress.  Such legislation is typically considered under special procedures known as “fast track” or Trade Promotion Authority (TPA) whereby Congress agrees to consider the agreement within a limited period of … Continue Reading

Reciprocity Should Drive US-Cuba Normalization

Much has been written about current US-Cuba economic relations and whether the embargo should be ended.  However, little has been written about what principles should shape US policy when the tectonic plates of US-Cuba relations eventually begin to shift — whenever that might be.  A study released last week by the Peterson Institute for International … Continue Reading
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