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Thompson Hine LLP, a full-service business law firm with approximately 400 lawyers in 11 offices, was ranked number 1 in the category “Most innovative North American law firms: New working models” by The Financial Times and was 1 of 7 firms shortlisted for The American Lawyer’s inaugural Legal Services Innovation Award. The firm has been recognized by the National Law Journal as a Legal Technology Trailblazer and featured by Bloomberg for its innovative service delivery models, which drive accuracy and predictability. The firm’s commitment to innovation is embodied in Thompson Hine SmartPaTHTM – a smarter way to work – predictable, efficient and aligned with client goals. For more information, please visit ThompsonHine.com and ThompsonHine.com/SmartPaTH.

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<p>On May 16, 2019, President Donald Trump issued a <a href="https://www.federalregister.gov/d/2019-11002" target="_blank" rel="noopener noreferrer">proclamation</a> reducing Section 232 tariffs on steel imports from Turkey from 50 percent to 25 percent, which had been in effect since August 2018 (see <a href="https://www.trumpandtrade.com/2018/08/united-states-increases-tariffs-turkish-products-turkey-responds-increased-tariffs-u-s-products/">Trump and Trade Update of August 17, 2018</a>). This tariff decrease will become effective May 21, 2019, at 12:01 a.m. Eastern time. In support of the decision, the president referenced the steep decrease in steel imports from Turkey (48 percent in 2018) and steel imports generally (12 percent in 2018), as well as the increased capacity utilization of the U.S. steel industry.</p>
<p>On the same day, Trump issued another <a href="https://www.federalregister.gov/d/2019-10761" target="_blank" rel="noopener noreferrer">presidential proclamation</a> terminating as of May 17, 2019, Turkey&rsquo;s designation as a beneficiary developing country under the Generalized System of Preferences (GSP) program. Turkey had been participating in the GSP program since 1975. In his decision to terminate Turkey&rsquo;s designation, the president explained that Turkey&rsquo;s level of economic development is high enough to be removed from the list of beneficiary countries. This decision follows the March 4, 2019, <a href="https://ustr.gov/about-us/policy-offices/press-office/press-releases/2019/march/united-states-will-terminate-gsp" target="_blank" rel="noopener noreferrer">announcement</a> of the U.S. Trade Representative (USTR) expressing the president&rsquo;s intention to terminate Turkey&rsquo;s designation due to the higher level of economic development of Turkey evidenced by &ldquo;[a]n increase in Gross National Income (GNI) per capita, declining poverty rates, and export diversification, by trading partner and by sector&rdquo; (see also <a href="https://www.trumpandtrade.com/2019/03/president-trump-announces-intent-to-terminate-gsp-designation-for-india-and-turkey/">Trump and Trade Update of March 5, 2019</a>). Because of Turkey&rsquo;s designation now as a developed country, Trump in the same proclamation announced that Turkey is no longer exempt from Section 201 safeguard measures and is now subject to Section 201 tariffs currently in place on imports of crystalline silicon photovoltaic cells and large residential washers.</p>

core/freeform

SmarTrade

Trump Administration Reduces Turkey’s Section 232 Tariffs from 50 to 25 Percent, Removes Turkey from GSP Program and Subjects Turkey to Section 201 Safeguard Measures