New Tariffs Causing Insufficient Bonds

New Tariffs Causing Insufficient Bonds

U.S. Customs Border and Protection (CBP) recognizes that Section 232 and 301 tariffs are having a significant impact on continuous bond amounts and expect to see an increase in insufficient bonds in the coming months. In the meantime, CBP is urging importers, brokers, and sureties to be mindful when determining bond sufficiency based on Section…

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USTR Announces Official Second List of Section 301 Tariffs

USTR Announces Official Second List of Section 301 Tariffs

The Office of the United States Trade Representative (USTR) has finalized list two of Section 301 tariffs on Chinese products. The list contains 279 tariff lines—about $16 billion worth of imports from China—and will be subject to a 25 percent additional tariff. Customs will start collecting these additional duties on August 23, 2018. A Federal Register…

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Typhoon Jongdari May Cause Delays at Shanghai Port

Typhoon Jongdari May Cause Delays at Shanghai Port

Tropical storm Jongdari hit northeast of the East China Sea yesterday and is expected to reach Shanghai on Friday. Predictions are that the storm will strengthen and be upgraded to a Typhoon. Delays in vessels docking and departing the port of Shanghai were experienced during last month’s Typhoon Ampil. The level of impact, if any,…

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