March 1, 2021
Welcome Back to the Wisconsin SBDC
Network's Go Global Newsletter!
Featured Articles
Your Company is Probably More Global Than You Realize
By Chad Hoffman, CGBP

In the 1960’s, just 8% of consumer goods sold in the US were made overseas. In 2020, that number was 60% and, although the trend may be slowing, it shows no sign of reversing anytime soon. The majority of the consumer goods that are imported are already in their finished form, packaged and ready for sale. For goods made in the U.S.A., it becomes more difficult for economists to calculate the average amount of foreign content that goes into the goods produced domestically and, unfortunately, many U.S. manufacturers don’t know exactly how much foreign content goes into their own products!

Biden and Trade: International Trade Lawyers Tackle the Questions
By Fred Rocafort

A team of international lawyers from Harris Bricken and the Capital Hill Policy Group take questions from the audience on a variety of topics:

Will Trump’s tariffs be lifted? If so, when? What is likely to happen with the product-specific China Section 301 exclusions that expired on 12/31? Will they reopen the process to seek exemptions from the tariffs?

Adams: If you look at the Trump tariffs from a business or purely economic standpoint, there’s no question the Biden administration should lift the tariffs and/or grant exclusions for certain products, such as those that can’t be supplied by American sources. 

What’s Next for the Sec. 232 Tariffs on Steel and Aluminum?
By John Murphy

One knotty issue awaiting action by the Biden administration will be the fate of the Section 232 tariffs and quotas on steel and aluminum imports. Imposed in 2018, the duties raised prices on key inputs for U.S. manufacturers, elicited painful retaliation from abroad, and produced new tensions with important allies.

The U.S. Chamber of Commerce is advocating for the Biden administration to end these tariffs and quotas. Doing so would not only ease the burden of tariffs and counter-tariffs borne by U.S. manufacturers and farmers, it would spur economic growth at a time when it’s badly needed. It would also enhance the administration’s ability to work cooperatively with allies to address shared concerns globally.

Featured Events/Resouces
Export Pro - Webinar Series
The Export Pro Webinars and the Export Assessment are available to all Wisconsin companies Free of Charge! Visit our Webinar Library featuring additional state and federal trade resources.
Trade Passport Website Reminder
The National Association of Small Business International Trade Educators (NASBITE) in collaboration with the Wisconsin SBDC Network and trade organizations across the US remind you to visit the Trade Passport website providing Export Assistance On-Demand.

The website includes an impressive webinar library which is updated regularly by NASBITE, covering a multitude of trade topics. Individuals can access up to 20 webinars at no charge and, for Wisconsin companies negatively affected by COVID-19, free access will be provided for one year. Contact Chad Hoffman for more information or visit the Trade Passport Website at: https://www.trade-passport.org/

Ready to Explore New International Markets?
The Go Global Initiative is available to any and all Wisconsin companies who are looking to grow into new or existing international markets. Take advantage of our Free Export Assessment Tool and discover the trade resources available to your company today!
About us
The Wisconsin SBDC Network is part of the Institute for Business & Entrepreneurship. We help entrepreneurs, businesses and economic development professionals to achieve their goals by offering technical assistance and leveraging data. Learn more about us and how we can help you!