Technology

China Imposes Retaliatory Tariffs and US intends to Strike Back – Tell the USTR Why Your Product Should Not Be on the New List!

Pic 1As the trade war between the United States and China drags into its second year, a resolution does not appear to be in the near future. In fact, following the most recent wave of escalations, the US stock market plummeted over 600 points leading into Monday, May 13.

While the trade war continues, neither side seems ready to reconcile. In early May, the two parties came close to a consensus. According to President Trump, China backed out of the deal, re-igniting tensions. In response to China reneging on the tentative agreement, President Trump called for an additional 25% tariff increase on Chinese Products on List 3.

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Chinese Telecom Giant, ZTE, Faced with Largest Penalty Ever Levied

zte_logo_reuters_1486215309260In our previous post, we discussed ZTE’s record penalty for selling technology with US-origin chips to North Korea and Iran, in violation of US trade laws. The company initially received a $1.19 billion in penalties and was ordered to reprimand the executives responsible for the malfeasance’s as a condition to re-enter the United States (US) market after a three-year suspension. Despite telling the US government that the guilty executives had been properly punished, it became clear that they were instead rewarded with bonuses. This violation triggered an automatic ban of ZTE from the US market for seven (7) years. As the 4th largest seller of cell phones to the US, the ban on ZTE serves as a means of protecting American production.

After the announcement, the ensuing backlash from Beijing, as well as trade talks in China, President Trump stated that he and Chinese president Xi Jiping are working together to bring ZTE “back into business”.

Now, the Trump administration threw a metaphorical lifeline to this tech giant, seemingly easing tensions with Beijing. Secretary Ross announced a $1.4 Billion dollar settlement with ZTE.

ZTE has agreed to severe additional penalties and compliance measures to replace the U.S. Commerce Department’s Bureau of Industry and Security (BIS) denial order imposed as a result of ZTE’s violations of its March 2017 settlement agreement.  Under the new agreement, ZTE must pay $1 billion and place an additional $400 million in suspended penalty money in escrow before BIS will remove ZTE from […]

Embassies and Island Wide Wi-Fi by July in Cuba

President Barack Obama announcedWednesday that the U.S. and Cuba will now reestablish diplomatic ties and reopen embassies in their respective capitals. The announcement comes just one month after the Secretary of State removed Cuba from the State Sponsor of Terrorism list. Although it would take an act of Congress to lift the trade embargo, reopening embassies is another brick in the foundation of normalizing trade relations. With the new embassies opening in July, there will be greater contact between the US and the Cuban people which will ultimately lead to a change in the US’s attitude towards the trade embargo.

A new US embassy is not the only thing coming to Cuba in July. Cuba’s state-run telecommunications company is planning on opening a network of Wi-Fihotspots that spans the entire island. They also plan on cutting the price of hourly access in half to $2. However, even though costs are less and there will be more Wi-Fi hotspots, the internet […]

NEW CBP Technology To Increase Efficiencies at Port Miami

NEWS BLAST! 

U.S. Customs and Border Protection (CBP) is set to launch Enforcement Link to Mobile Operations (ELMOcargo) at the Port of Miami. This technology will allow CBP Officers and Agriculture Specialists to release inspected cargo in real-time.

Currently, CBP Officers and Agriculture Specialists conduct inspections on site, but the subsequent release of cargo is delayed until field personnel return to the office and enter inspection results into their data systems.

With the implementation of ELMOcargo, field officers using handheld devices will be able to immediately clear containers. This device speeds up release time by up to four hours making operations more efficient while continuing to keep the Port secure.

CBP Agriculture Specialist recently started using this new technology as a pilot at other Florida ports and agreed to expand the program to Port Miami starting in January 2012.

About the Port of Miami
The Port of Miami is among America’s busiest ports and recognized across the globe with the dual distinction of being the Cruise Capital of the World and the Cargo Gateway of the Americas. The Port of Miami contributes more than $18 billion annually to the South Florida economy and helps provide direct and indirect employment for more than 180,000.

MEDIA CONTACT:
Andria C. Muñiz
305-347-4962
amuniz@miamidade.gov

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