West Coast Trans-Pacific Market Update
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WTO Grants EU Permission to Levy Almost $4 Billion in Tariffs Against US Goods in Civil Aircraft Dispute
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 [...]
Can Cool Cargo Help Food Shippers Fulfill Consumer Demand?
As people spend more time at home, food distributors are finding themselves racing to meet the growing demand for cold storage. Before 2020 consumer food spending evenly balanced between foodservice and grocery, now, an overwhelming shift to grocery and direct-to-consumer services is driving a growing boom for refrigerated warehousing and [...]
FAQ: I Bought This Product from Overseas, Paid Duty on It, And Found Out That It Is Defective. Can I Ship It Back and Get A Duty Refund from Customs?
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 [...]
USTR Section 301 Investigations Target Vietnam
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 [...]
FAQ: What Is Data Integration? What Are the Types of Data Integration Available In GEM?
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 [...]
USTR Extends Only 37 Section 301 Exclusions for Lists 1 and 2 Expiring October 2
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 [...]
‘Test Case’ and 3-Judge Panel Requested for Lawsuit Challenging Validity of List 3 and 4A Section 301 Tariffs
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 [...]
FAQ: What Does the Drawback Process Look Like?
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, [...]
Rate Increases and Congestion at West Coast Ports Triggers FMC Warning to Carriers and Vessel-Sharing Alliances
Strong Trans-Pacific trade volumes leading into the Chinese Golden Week Holiday (beginning October 1st), is causing extreme congestion in Southern California and Pacific Northwest ports as spot market rates climb to new year-over-year highs; some carrier notices have advised vessel delays of up to a week before even having the [...]