As promised, the Office of the U.S. Trade Representative (USTR) has officially announced the increase of Section 301 list 3 tariffs from 10 percent to 25 percent, effective on May 10, 2019. The specific language used by the USTR states, “Effective with respect to goods (i) entered for consumption, or withdrawn fromwarehouse for consumption, on…
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On Sunday, May 5, President Trump tweeted that the 10% tariffs on Section 301 list 3 goods will increase to 25% on May 10, 2019. If implemented, this may have a profound impact on many importers who have found ways to cope with the 10% additional duty but may find it difficult to remain competitive…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective June 1, 2019. 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 ports Effective June 1 Equip. USD…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective May 15, 2019. 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 ports Effective May 15 Equip. USD…
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Importers can now monitor the status of their continuous surety bonds with U.S. Customs and Border Protection (CBP) in the ACE Portal, according to a CSMS message. The REV-001 is available to importers and sureties in the Revenue tab of the ACE reports. It is a fast and simple way for importers to check on…
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The dry season is lowering canal water levels and has caused the Panama Canal Authority to impose a transit draft restriction on the canal’s Neopanamax locks, effective April 30. This restriction will reduce the draft to 13.41 meters Tropical Fresh Water (TFW). This means that if a vessel exceeds 13.41 meters TFW, after April 30,…
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Capacity management is well underway as carriers issue more blank sailings. This is due to the drop of imports coming from Asia and the seventh consecutive week of spot-rate declines, according to the JOC. In February and March, carriers announced 35 blank sailings, which includes 22 to the West Coast and 13 to the East…
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A preliminary list of products, imported from the EU, that may be subject to future Section 301 duties has been announced by the Office of the U.S. Trade Representative (USTR). This list acts as a countermeasure, worth $11.2 billion per year, to the EU’s aircraft subsidies. The list contains several products in the civil aviation…
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More good news for importers. The office of the U.S. Trade Representative (USTR) has announced the second and third round of product exclusions for Section 301 Tariffs. These exclusions will be retroactive as of July 6, 2018 and will extend for one year after the publication of their notices. Importers who have imported or are importing products…
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President Trump has announced that he will close down the Mexico/U.S. border this week, if Mexico's government doesn't "completely stem the flow of undocumented migrants crossing the border." It is still unclear as to how much of the border will be closed but it is best to prepare for delays. Also unclear is whether or…
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