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Celularity Inc completed the acquisition of GX Acquisition Corp in a reverse merger transaction
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In a January 2021 webinar titled “The USMCA: Six Months On,” Skadden International Litigation and Arbitration partners Julie Bedard, David Herlihy, Timothy G. Nelson and Jennifer Permesly and CFIUS, National Security and International Trade partner Jeffrey Gerrish and counsel Brooks Allen discussed the United States-Mexico-Canada Agreement (USMCA), six months after its signing.
The USMCA and Trade
Mr. Gerrish and Mr. Allen both former officials in the Office of the U.S. Trade Representative who helped draft and negotiate the USMCA kicked off the discussion by explaining the USMCA’s automotive rules of origin, a key update to the North American Free Trade Agreement (NAFTA). The agreement raises the percentage of North American-sourced auto content needed to obtain preferential tariff treatment, raising it for passenger vehicles and light trucks from the NAFTA level of 62.5% to 75% over a three-year period. This
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(Bloomberg) Commodity traders relying on Joe Biden to remove tariffs on $370 billion of imports from China will have to wait a little longer.
The President-elect has already said that he won’t immediately drop the duties, and experts now warn he is more likely to focus on domestic issues. He enters office faced with tackling the coronavirus crisis and propping up the economy after millions lost their jobs as the pandemic shut down businesses.
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