Mohawk Global Celebrates Women’s History Month

Mohawk Global Celebrates Women’s History Month

Women’s History Month is widely celebrated throughout the U.S. during the month of March, however this was not always the case. Women’s History Month has its roots in the first International Women’s Day, a one-day celebration held in 1911. Over time it steadily grew into a week-long event until1988, when it was officially designated a…

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Increased Civil Penalties for Certain Sanctions & Recordkeeping Violations

Increased Civil Penalties for Certain Sanctions & Recordkeeping Violations

The Office of Foreign Assets Control (OFAC) is increasing its maximum civil monetary penalties for the following sanction and recordkeeping violations to account for inflation, effective March 17. Along with the increases, there are several technical changes to “consolidate or shorten” certain citations in OFAC’s regulations. $1,548,075 (previously $1,529,991) for violations of the Foreign Narcotics…

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Forced Labor to be Added to Priority Trade Issues List

Forced Labor to be Added to Priority Trade Issues List

U.S. Customs Border and Protection (CBP) is planning to add forced labor to its list of “Priority Trade Issues (PTIs),” according to the Commercial Customs Operations Advisory Committee (COAC) Forced Labor Working Group. What are PTIs The PTIs “represent high-risk areas that can cause significant revenue loss, harm the U.S. economy, or threaten the health…

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4/15 Trans-Pacific Carriers Announce Eastbound GRI

4/15 Trans-Pacific Carriers Announce Eastbound GRI

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective April 15, 2021. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian portsEffective April 15, 2021 Equip.USD20 ft$90040…

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Air Freight Market Forecast

Air Freight Market Forecast

Air freight capacity has remained consistently tight following the Lunar New Year holidays in Asia. The China to Chicago lane is particularly congested. A long-term forecast indicates there will be high demand into the third quarter, however, with the return of more passenger flights, capacity should increase. As more people around the world get vaccinated, and…

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EU & U.S. Suspend Tariffs Related to Boeing and Airbus Dispute

EU & U.S. Suspend Tariffs Related to Boeing and Airbus Dispute

The European Union has announced on March 5 that it will drop its tariffs on U.S. exports on the Boeing retaliation list. Likewise, the U.S. will suspend its Section 301 tariffs on EU products under the Airbus dispute. These products include wine, liquor, and food. The suspension began immediately and will last for four months.   The U.K. already suspended its tariffs on…

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