Name: Mohawk Global
Telephone: +

Increased Civil Penalties for Certain Sanctions & Recordkeeping Violations

March 18, 2021 Trade Translation

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…

Read More »

Forced Labor to be Added to Priority Trade Issues List

March 18, 2021 Trade Translation

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…

Read More »

4/15 Trans-Pacific Carriers Announce Eastbound GRI

March 17, 2021 Market Updates

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…

Read More »

Air Freight Market Forecast

March 17, 2021 Global News, Market Updates

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…

Read More »

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

March 12, 2021 Trade Translation

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…

Read More »

CIT Issues Decision on First Sale Valuation for Non-Market Economies

March 9, 2021 Trade Translation

The Court of International Trade (CIT) has issued a decision that the ability to use first sale valuation may not be applicable to transactions involving non-market economies, including China. First Sale for Export is a duty reduction program created to reduce the dutiable value of eligible products imported into the U.S. The Ruling In a…

Read More »

Certain Section 301 Imports to Combat COVID-19 Exclusions Extended

March 8, 2021 COVID-19 Updates, Section 301 Updates, Trade Translation

The Office of the U.S. Trade Representative (USTR) has announced it will extend Section 301 tariff exclusions on certain imports from China, which include personal protection equipment (PPE) needed to combat the COVID-19 pandemic, through September 30, 2021. USTR has said that the latest tariff exclusion extension covers these goods when entered for consumption, or…

Read More »

How COVID19 is Changing Contracting—Takeaways from TPM

March 8, 2021 COVID-19 Updates, Global News, Market Updates

The Transpacific Maritime Conference (TPM), sponsored by the Journal of Commerce, was held virtually last week for the first time since its inception over 20 years ago. Normally held in Long Beach, CA, within view of the port complex, the event normally attracts more than 2,500 people annually. It also ushers in the unofficial start…

Read More »

4/1 Trans-Pacific Carriers Announce Eastbound GRI

March 4, 2021 Market Updates

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective April 1, 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 1, 2021 Equip.USD20 ft$90040…

Read More »

3/15 Trans-Pacific Carriers Announce Eastbound GRI

March 4, 2021 Market Updates

Trans-Pacific carriers have announced a General Rate Increase (GRI) effective March 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 March 15, 2021 Equip.USD20 ft$90040…

Read More »