On October 30, 2020, the United States President, Donald Trump, signed a proclamation announcing changes to Generalized System of Preferences (GSP) eligibility for preferential treatment based on the U.S. Trade Representative 2020 program review findings. “Today’s announcement demonstrates the effective use of the GSP program to improve labor standards and [...]
In recent weeks, numerous shipments of holiday goods, inventory replenishment, e-commerce fulfilment, and even next spring’s home improvement merchandise have caused major congestion at U.S. West Coast ports like Los Angeles and Long Beach in California. The spike in import volume from mainland China into the U.S. is expected to [...]
On Monday, October 20, 2020, the United States and Brazil re-signed an updated and expanded Agreement on Trade and Economic Cooperation (ATEC) adding three key provisions for Customs Administration and Trade Facilitation, Good Regulatory Practices, and Anticorruption. “From their first meetings, President Trump and President Bolsonaro have shared a vision [...]
On October 13, 2020 the World Trade Organization (WTO) reached a final decision, through arbitration, authorizing the European Union (EU) to take countermeasures against the United States for the trade impact of tax breaks provided to Boeing at a valuation of $3,993,212,564 USD annually. 15 YEAR BATTLE The fight between [...]
In times of globalization, goods get shipped from all over the world. Every link of supply chain gets validated and tested: placing a purchase order, manufacturing, shipping, and receiving at the final destination. It is understandable though, that despite numerous quality controls put in place, things [...]
On October 2, 2020, USTR announced it had initiated Section 301 investigations into Vietnam’s policies & practices regarding currency valuation and the use of illegal timber in products manufactured in Vietnam. This could have an enormous impact on the trade community, with many U.S. importers having moved production lines to [...]
Businesses started collecting data years ago during the technology boom, but as the use of data systems became more prominent, the number of technologies used to manage also multiplied. Now, most supply chains, typically using three or four legacy platforms, need options to manage more data [...]
On September 30, the Office of the U.S. Trade Representative released two notices announcing a total of 37 Section 301 tariff exclusions that will be extended for List 1 and List 2 through December 31, 2020. The remaining 172 extensions are set to expire on October 2, 2020. LIST 1 [...]
Since the initial filing with the Court of International Trade (CIT) on September 10, 2020, over 3,400 additional complaints have been submitted causing the Department of Justice (DOJ) to suggest using an established set of procedures to efficiently process all of the motions. International Trade Today outlined the DOJ advice [...]
Many shippers are looking for ways to get more out of their supply chain and improve the bottom line. One, often underrated, program that can assist with significant savings is duty drawback. WHAT IS DUTY DRAWBACK? Established by the U.S. Continental Congress over two centuries ago, [...]
