Tatman Savio Participates in American Chamber of Commerce in Hong Kong Event on Trump Trade Policies

June 13, 2017

Reading Time : 1 min

Contact:

Jacinta O'Shea-Ramdeholl

Director of Communications

Sarah Richmond

Senior Communications Manager

AmCham HK, the website of the American Chamber of Commerce in Hong Kong, has featured Tatman Savio, a partner at Akin Gump and a registered foreign lawyer in the firm’s Hong Kong office, in the article “GOVERNMENT RELATIONS: Operation Regulation Rollback: Trump’s Reform Agenda.” The article is based on a recent panel discussion in which Savio participated.

With President Trump pledging to reverse the Dodd-Frank Wall Street Reform and Consumer Protection Act, the article looks at some likely changes in the areas of regulation, trade and diplomacy. Savio addresses the latter two topics.

Savio noted that President Trump “wasted little time in shifting the landscape of U.S. trade policy, via executive order, upon entering the oval office.” He withdrew from the Trans-Pacific Partnership and ordered a thorough review of all U.S. free trade agreements, she said, and he has authorized two cabinet members to begin renegotiations with Canada and Mexico over NAFTA.

The Trump administration, Savio said, has also imposed preliminary tariffs on Canadian lumber and has launched a Section 232 investigation to determine whether imports of steel and aluminum threaten U.S. national security. Additionally, it has expressed concern over Congressional consideration of a Border Adjustment Tax.

Despite campaign pledges, Savio observed that President Trump “has not moved to amend the sanctions programs that he criticized most prominently when he was a candidate for office.” Instead of trying to back out of the Iran nuclear deal, the Trump administration “has continued to certify Iran’s compliance and waive sanctions,” while also conducting “an inter-agency review of the Iran nuclear deal to determine if the suspension of sanctions is vital to the national security of the United States.”

With regard to Russia sanctions, Mr. Trump, Savio said, “is now hemmed in by multiple controversies … as well as the threat that Congress will codify the sanctions program and potentially enhance sanctions against Russia before he can revoke or amend existing Executive Orders.”

Share This Insight

People Mentioned in This News

Related Services, Sectors, and Regions

© 2024 Akin Gump Strauss Hauer & Feld LLP. All rights reserved. Attorney advertising. This document is distributed for informational use only; it does not constitute legal advice and should not be used as such. Prior results do not guarantee a similar outcome. Akin is the practicing name of Akin Gump LLP, a New York limited liability partnership authorized and regulated by the Solicitors Regulation Authority under number 267321. A list of the partners is available for inspection at Eighth Floor, Ten Bishops Square, London E1 6EG. For more information about Akin Gump LLP, Akin Gump Strauss Hauer & Feld LLP and other associated entities under which the Akin Gump network operates worldwide, please see our Legal Notices page.