2018 will forever be remembered as a wild year in the realm of international trade. At the obvious risk of leaving out key issues, major trade-related developments during the last year included:
Suffice to say that 2018 was a complicated year for companies that import, export, or otherwise conduct business internationally. Among other things, companies have been forced to: (a) reassess their supply chains (such as moving production outside of China); (b) seek legal ways to minimize the impacts of new tariffs (such as renegotiating contracts or reclassifying certain imports); and (c) find policy solutions to business problems (such as obtaining political support for tariff exclusion requests).
After what seemed like a never-ending parade of trade disruptions of 2018, it is reasonable to wonder if 2019 will be calmer, or just more of the same. Here are some key questions that trade lawyers, and companies with (or affected by) international supply chains, will be asking in the coming months:
These are just a few of the notable developments, and intriguing prospective questions, with respect to international trade. One thing is certain: 2019 will not be boring for those involved in trade.
Beau Jackson is a partner at Husch Blackwell LLP, working from the firm’s offices in Kansas City and Washington, DC. His practice focuses on international trade, including customs issues, policy matters, and litigation at the intersection of trade and intellectual property disputes.