POLICIES AND OPPORTUNITIES FOR IMPORTERS AND EXPORTERS A discussion of current and proposed trade policies and the impact on importers and exporters.

EDWARD T. HAYES PARTNER, LEAKE AND ANDERSSON International trade attorney with expertise in issues related to conducting international business, adjunct law professor at Tulane and Honorary Consul to Ukraine for Louisiana. #freetradeagreementspecialist #LDEC #NAFTAChapter19roster #wtcchairmanexofficio

MANOJ DESAI Commercial Officer, US Commercial Service, US Export Assistance Center, New Orleans Commercial Officer on assignment in New Orleans with the Department of Commerce providing expert assistance to small to medium sized US companies expanding and exporting overseas. #Burma #Istanbul #Brazil #5languages

Section 232 of the Trade Expansion Act of 1962- national defense Eddy will talk more about section 301 as well which proposes a 25% tariff on roughly $50 billion in Chinese goods citing IP concerns As the Chinese saying goes, it is only polite to reciprocate China’s retaliatory tariffs also amount to roughly $50 billion in US exports : 128 goods in total - soybeans, cars, beef

Port NOLA steel volumes 2.5 million tons of steel in 2017 83% of breakbulk cargo 30% of general cargo by tonnage

Countries of Origin

PERMANENT EXEMPTIONS

TEMPORARY EXEMPTIONS…UNTIL JUNE 1

SOUTH KOREA- first major trade deal following 232 announcement Re-negotiated KORUS agreement Korea to cut steel exports to the US by 30% (2.68 million ton quota) Number of vehicles the United States can export to South Korea would double to 50,000 Sub quotas by steel product type

BARGE RATES

2002 STEEL TARIFFS Port NOLA suffered a 46% decline in steel imports US economy lost 200,000 jobs, more than were employed by the entire steel industry (187,500) at the time

Port NOLA handled 665k tons of aluminum in 2017 25-30% price increases seen in the market

EDWARD T. HAYES PARTNER, LEAKE AND ANDERSSON International trade attorney with expertise in issues related to conducting international business, adjunct law professor at Tulane and Honorary Consul to Ukraine for Louisiana. #freetradeagreementspecialist #LDEC #NAFTAChapter19roster #wtcchairmanexofficio