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

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.”