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. [...]
Back in October 2016, at the 70th session of the International Maritime Organization’s (IMO) Marine Environmental Protection Committee (MEPC), the IMO announced the enforcement of a new regulation that would place a sulfur cap on fuel oil emissions known to damage wildlife, cause acid rain and respiratory ailments. Under the [...]
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 [...]
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 [...]
It’s been two years since 51 percent of Britain’s population voted for the separation of the United Kingdom (UK) from the European Union (EU), but little has been done to reassure the community and the world of a “seamless” departure. Commonly referred to as “Brexit,” the decision to leave the [...]
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 [...]
On July 6th, Section 301 tariffs will apply 25 percent duties to the first list of impacted imports from China, with a second list waiting to be published. In addition, Section 232 tariffs are levying 25 percent duties on imported steel and 10 percent on aluminum. Shippers must consider the [...]
As reported in May, the Office of the United States Trade Representative (USTR) published the list of products from China that will be subject to Section 301 tariffs. Citing unfair policies and practices related to the transfer of technology and intellectual property rights, the administration released a statement confirming United [...]
