In a statement released by the White House on Monday, September 17, 2018, President Donald Trump announced, “Today, following seven weeks of public notice, hearings, and extensive opportunities for comment, I directed the United States Trade Representative (USTR) to proceed with placing additional tariffs on roughly $200 billion of imports [...]
Pursuant to the General Notice (83 FRN 37509) published August 1, 2018, various changes to user fees within the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 will take effect on October 1, 2018. The FRN may be accessed at the link:https://www.gpo.gov/fdsys/pkg/FR-2018-08-01/pdf/2018-16510.pdf The Merchandise Processing Fee (MPF) ad valorem rate [...]
On Monday, August 27th, the United States and Mexico reached a preliminary accord that would modernize the 24-year-old North American Free Trade Agreement (NAFTA). Known as the U.S. - Mexico Trade Deal, the compromise follows hours after the United States and Canada failed to negotiate a full revision of NAFTA. [...]
CLICK HERE FOR YEAR-TO-DATE FREIGHT NEWS THAT MADE HEADLINES International shippers expecting calm, profitable peak season markets, after toiling consolidation of the steamship line industry last year, are finding the path to consumers is political, congested and, once again, expensive. POLITICS OF TRADE While most hesitate in labeling it [...]
Pursuant to the General Notice (83 FRN 37509) published August 1, 2018, various changes to user fees within the Consolidated Omnibus Budget Reconciliation Act (COBRA) of 1985 will take effect on October 1, 2018. The Merchandise Processing Fee (MPF) ad valorem rate of 0.3464% will NOT change. The MPF minimum [...]
On August 10, 2018, the United States issued a proclamation increasing ad valorem duties on steel articles from the Republic of Turkey. Starting at 12:01 AM EST on August 13, 2018, steel articles from Turkey will be subject to an additional duty rate of 50 percent, with respect to goods [...]
Yesterday, the Office of the United States Trade Representative (USTR) released a finalized second list of tariffs, approximately $16 billion worth of imports from China, that will be subject to an additional 25 percent duty starting August 23, 2018. Originally published on June 15th, the tariffs are part of the U.S. [...]
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 billionin Chinese imports that could receive an additional 10 percent in an escalating tit-for-tat exchange over unfair trade practices and intellectual property [...]
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 [...]
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 [...]
