The International Maritime Organization (IMO) will impose a new limit for sulfur content in ocean vessel’s fuel oil, effective January 1, 2020. That new limit will be .50% mass by mass (m/m). Currently, the limit for ships operating outside designated emission control areas is 3.50% (m/m). This change has been in the works since 2008…
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In response to China’s retaliatory tariffs, President Trump has announced a 5 percent increase on all Section 301 tariffs. This means that the 25 percent tariffs on approximately $250 billion worth of Chinese imports will be increased to 30 percent, effective October 1, 2019. The recent 10 percent tariffs that will go into effect September…
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In response to the impending 10 percent (now 15%) Section 301 tariffs on $300 billion in Chinese goods, China has announced retaliation lists of tariffs on about $75 billion worth of U.S. goods. In the announcement, China said it will impose either 10 percent or 5 percent tariffs on more than 5,000 U.S. products. These tariffs…
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UPDATE: The USTR has released new lists for List 4A and 4B. Importers should refer to the new notice from the Federal Register regarding which HTS codes are affected, and not the previous lists. Annex A is the HTS list for list 4A and Annex B contains the informal descriptions of what is in list 4A. Annex…
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UPDATE: The USTR has released new lists for List 4A and 4B. Importers should refer to the new notice from the Federal Register regarding which HTS codes are affected, and not the previous lists. Annex A is the HTS list for list 4A and Annex B contains the informal descriptions of what is in list 4A. Annex C is the HTS list for list 4B…
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Since the beginning of the protests in Hong Kong, we have been closely watching for signs of a larger impact on the movement of freight in and out of the area. Today, the Hong Kong Airport Authority announced that due to the protests, all passenger flights departing Hong Kong on Monday 8/12 have been cancelled…
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Import clients will see an increase in U.S. Customs user fees—minimum and maximum Merchandise Processing Fees (MPF)—effective October 1, 2019. These fees will be adjusted to reflect inflation. Below are three examples of the current fees and what the adjusted fees will be. Current Effective Oct 1 Minimum Merchandise Processing Fee $26.22 $26.79 Maximum…
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Over 170 flights to Hong Kong have been cancelled or re-routed, many train stations are closed, and major thoroughfares are blocked or congested. This is due to the unofficial labor strike taking place today, August 5, 2019, delays are expected. We will continue to monitor this situation and offer updates as they become available.
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President Trump has announced that there will be an additional 10% tariff placed on the remaining goods from China that are not currently covered under Section 301, effective September 1. Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a…
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More good news for importers. The office of the U.S. Trade Representative (USTR) has announced the first round of product exclusions for List 2 of Section 301 tariffs. These exclusions will be retroactive as of August 23, 2018 and will extend for one year after the publication of the notice—July 31, 2020. The exclusions are…
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