According to The West Coast MTO Agreement (WCMTAO), beginning August 1, 2019, the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach will increase from $31.52/TEU and $63.04/FEU to $32.12/TEU and $64.24/FEU. The TMF, implemented through PierPass, helps terminal operators with the cost of providing essential [...]
Late on Friday, May 31, the United States announced the removal of India from the Generalized System of Preferences (GSP) program effective Wednesday, June 5, 2019. The United States launched an eligibility review of India’s compliance with the GSP market access criterion back in April 2018. According to the USTR, [...]
In an effort to advance Congressional approval of a new North American trade deal, the United States-Mexico-Canada Agreement (USMCA), the United States and Canada have agreed to eliminate steel and aluminum tariffs spurred by Section 232 investigations almost a year ago. In a joint statement issued Friday, May 17, 2019, [...]
Just as shippers hoped the trade dispute between China and the United States was coming close to a deal, issues during the negotiations have re-ignited tensions culminating in new tariffs on both sides of the Pacific. MAY 10, 25% DUTIES ON LIST 3 Last week, the Office of the U.S. [...]
China’s finance ministry announced on Monday evening that it would proceed in raising tariffs on roughly $60 billion worth in American goods beginning June 1, 2019. Beijing will increase tariffs on more than 5,000 products to 20 percent or 25 percent from the previous 10 percent imposed last fall. As [...]
This past April, the local Port Authority implemented a rule limiting the number of calls a 9,500+ TEU vessel can have in the Houston Ship Channel. Piggybacking on the decision, Houston Ship Pilots also decided to prohibit two-way traffic on the narrow passageway further restricting the number of times a [...]
Truckers importing from Mexico into the United States are experiencing severe delays and increased wait-times after the U.S. drastically reduced the number of Customs and Border Protection (CBP) personnel handling Mexican border crossings, reassigning them to assist with the processing of illegal immigrants. Citing a “large scale surge of migrants [...]
The European Union (EU) has agreed to delay the United Kingdom’s departure from the EU until October 31, 2019. The decision avoids a political crisis days after Britain’s Prime Minister, Theresa May, failed to come to an agreement with Parliament on a BREXIT strategy. May has voiced her desire for [...]
On Monday, April 8, 2019, the Office of the U.S. Trade Representative announced that it will begin yet another round of Section 301 retaliatory tariffs, this time, aimed at an ongoing dispute with the European Union (EU) and the subsidization of Airbus, one of the two leading providers of [...]
The Panama Canal Authority (ACP) announced a fifth draught reduction for ocean vessels passing through the new locks of the Panama Canal as a severe dry season hits Central America. Ocean carriers have been warned that after April 30th, the maximum draught for transiting the new locks will be restricted [...]
