President Trump recently signed into law a bipartisan bill to fund federal government agencies for fiscal year 2020, which included the “Setting Every Community Up for Retirement Enhancement Act” (SECURE Act), which expands retirement savings programs.
Law & Order
The U.S. Trade Representative (USTR) granted exclusion requests for 68 product lines from the “List 3” tariffs on products imported from China and subject to 25% tariffs.
President Trump has decided not to reimpose 25% tariffs on steel and 10% tariffs on aluminum imported into the United States from Brazil following discussions with Brazilian President Jair Bolsonaro.
The U.S. Trade Representative (USTR) granted exclusion requests for 44 products from the List 3 Chinese imports subject to 25% tariffs.
The National Highway Traffic Safety Administration (NHTSA) is requesting public comment on whether to update the Federal Motor Vehicle Safety Standards for tires to address new technologies.
The U.S. Department of Labor (DOL) updated its rules on what may be excluded when calculating an employee’s regular rate of pay, which then forms the basis for “time and one-half” overtime pay.
The date marks the 11th consecutive commemoration in what has become an annual event to raise awareness of the vital role automotive restoration and collection plays in American society.
The United States and China have agreed to a “phase one” trade deal whereby China will buy more U.S. goods and implement some structural changes to its trade laws.
Legislation (S.B. 1712) in New Jersey that would require new car dealers to provide purchasers written notice that it is illegal for manufacturers or dealers to void a warranty or deny coverage because aftermarket or recycled parts were installed, or because someone other than the dealer-performed service passed the legislature and now goes to Governor Phil Murphy for approval.
Following months of negotiations, President Trump and U.S. House of Representatives Democrats reached agreement on the United States-Mexico-Canada Agreement (USMCA) which will replace the NAFTA accord.