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In lieu of returning to the negotiating table, on Tuesday, July 9 2018, the Office of the United States Trade Representative (USTR) released a proposed list of $200 billion in Chinese imports that could receive an additional 10 percent in an escalating tit-for-tat exchange over unfair trade practices and intellectual property rights at the root of Section 301 investigation.  The 6,031 tariff lines impact everything from food, fuel, chemicals, machinery parts, apparel, and more. On
It’s official.  At 12:01 AM on July 6, 2018, the United States implemented the first round of additional 25 percent Section 301 tariffs on 818 lines targeting “Made in China 2025” industrial imports to U.S.  China countered almost immediately with its own 25 percent tariffs on 545 lines of U.S. products ranging from vehicles to agriculture.  After months of unsteady back-and-forth negotiations, the two economic powerhouses still haven’t been able to agree on intellectual property theft and
It’s been two years since 51 percent of Britain’s population voted for the separation of the United Kingdom (UK) from the European Union (EU), but little has been done to reassure the community and the world of a “seamless” departure. Commonly referred to as “Brexit,” the decision to leave the EU gives the UK the opportunity to establish their own trade program independently from European Union involvement.  However, with less than 10 months until Britain’s
Trade & tariffs If you’re a business owner, then chances are you’ve been following as the United States trade agenda sent waves of change across international waters.  After implementing  tariffs on imported steel and aluminum, the Administration also announced the first round of additional 25 percent Section 301 tariffs on China, starting July 6, 2018.  United States allies seemed blind sighted that exemptions were not extended for long-time friends and responded with retaliatory tariffs of

Tariff Troubles, Brace your Bonds

Posted on June 21, 2018
Category: Customs & Compliance, News
On July 6th, Section 301 tariffs will apply 25 percent duties to the first list of impacted imports from China, with a second list waiting to be published.  In addition, Section 232 tariffs are levying 25 percent duties on imported steel and 10 percent on aluminum.  Shippers must consider the impact additional taxes will have to the sufficiency coverage of their Customs import bond. Take a look at the bond limit increase of a company