Industry Spotlight

U.S. Slaps Turkish Steel with 50% Tariff Amid Syria Conflict

On Monday, October 14, 2019, United States President, Donald Trump, signed an executive order imposing immediate sanctions against Turkey after recent “destabilizing actions in northeast Syria,” read the White House released statement. The sanctions include the immediate stop of negotiations on a $100 billion trade deal with Turkey, a full [...]

2019-10-16T14:09:55+00:00October 16th, 2019|Customs, Import, Industry Spotlight|

U.S. Cancels Oct. 15 Tariff Hike as China Deal Takes Shape

On October 11th, the U.S. announced a major step forward in the escalating trade dispute with China – that a “substantial” Phase 1 deal has been agreed to covering intellectual property, financial services, and the sale of American agriculture products. While there is doubt as to the full scope of [...]

2019-10-15T14:27:34+00:00October 15th, 2019|Customs, Export, Import, Industry Spotlight|

U.S. to Impose Up to 25 Percent Tariff on European Imports, Starting Oct. 18

On October 1st, after months of Section 301 Investigation and international arbitration, the World Trade Organization (WTO) awarded the United States “victory” over their case against Airbus and the European Union (EU). Airbus SE is a European multinational aerospace corporation that stood as the world's second biggest aerospace and defense [...]

2019-10-04T18:09:56+00:00October 4th, 2019|Customs, Import, Industry Spotlight|

U.S. and Japan Reach Trade Deal, Starting Jan. 1

On September 25, 2019 the United States and Japan reached an agreement which allowed for tariff reductions on agricultural, industrial and digital goods into both nations. The agreement will go into effect on January 1, 2020 with an additional round of reductions to be announced by April 1, 2020. Under [...]

2019-10-03T19:22:57+00:00October 3rd, 2019|Customs, Export, Import, Industry Spotlight|

USTR Announces Two New Additional Sets of Section 301 Exclusions, OCT 2

Scheduled for publication on October 2, 2019, the Office of the U.S. Trade Representative (USTR) issued two new sets of product exclusions for the first and second tranches of Section 301 tariffs on goods from China.  The notices detail clarifications for annex descriptions and advise filing procedure for brokers. The [...]

2019-10-01T18:29:19+00:00October 1st, 2019|Customs, Import, Industry Spotlight|

USTR Announces Additional Section 301 Exclusions, Importers Urged to Apply for Retroactive Refunds

The Office of the United States Trade Representative published a notice of additional product exclusions and technical amendments for Section 301 tariffs on Chinese imports. The notice covers 437 specific product exclusions (1,170 filed requests), clarifies the application of double tariffs for sets, and creates a unified beginning and expiration for [...]

2019-10-01T14:26:56+00:00September 19th, 2019|Customs, Import, Industry Spotlight|

FMC Seeks Industry Comment for a Proposed Interpretive Rule on Demurrage and Detention

After years of consideration, on September 13, 2019, the Federal Maritime Commission (FMC) issued a Federal Register Notice “seeking public comment on its interpretation of the Shipping Act prohibition against failing to establish, observe, and enforce just and reasonable regulations and practices relating to or connected with receiving, handling, storing, [...]

2019-09-15T23:23:08+00:00September 15th, 2019|Domestic, Export, Import, Industry Spotlight, Shipping News|

15 Day Delay for Oct. 1 Section 301 Tariff Increase on Chinese Imports

On Wednesday, September 11, in a “gesture of good will,” United States President Donald Trump announced a 15-day postponement to the Section 301 tariff escalation, originally scheduled for October 1st, that will increase tariffs on $250 billion worth of Chinese imports from 25% to 30 percent.  The Chinese government reciprocated, [...]

2019-09-12T13:41:00+00:00September 12th, 2019|Customs, Export, Import, Industry Spotlight|

Shipping Industry Braces for Low Sulfur Fuel Mandate Surcharges, IMO 2020 Effective January 1

IMO 2020 Starting January 1, 2020, the International Maritime Organization’s (IMO) Low Sulfur Fuel Mandate will go into effect impacting all-sized ships operating domestically and internationally. Because the sulphur oxides that are produced as a result of heavy fuel oil distillation are harmful to human health, in the form of [...]

2019-09-11T15:24:28+00:00September 11th, 2019|Freight Market, Industry Spotlight, Shipping News|

Section 301 Tariff Increases, Summary & Deadlines

On the Sunday eve before Labor Day, as American families gathered to celebrate the social and economic achievements of the U.S. labor movement, increased trade tariffs went into effect targeting imports from China in an ongoing effort by the U.S. government to pressure a trade deal and eliminate unfavorable trade [...]

2019-09-04T02:45:48+00:00September 4th, 2019|Customs, Export, Freight Market, Import, Industry Spotlight|
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