Trans-Pacific carriers have announced a General Rate Increase (GRI) effective July 1, 2018. 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 July 1 Equip. USD…
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Good news for importers. Companies are being given the chance to obtain product exclusions from list 1 of Section 301, according to the announcement made on July 6, by the U.S. Trade Representative’s (USTR) office. For each request, the USTR may consider the following Whether a product is available from a source outside of China.…
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Bangladesh is experiencing a severe monsoon season and is currently experiencing flooding. This is causing delays at the Chittagong port, as truckers are having difficulty getting cargo to and from port. Delays are expected, since there is no telling when these conditions will let up. If you have any questions or want to check on…
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On Tuesday, July 10, the Trump administration announced a list of additional 10 percent tariffs on $200 billion in Chinese goods. This new list contains 6,031 tariff lines and is, “a result of China’s retaliation and failure to change its practices,” according to U.S. Trade Representative Robert Lighthizer. These tariffs will not go into effect…
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It’s monsoon season in India and it is impacting the roads in and around the terminal in Mumbai. Heavy rainfall has caused congestion at port and delays for truckers, as they wait in long lines to pick up or drop off equipment. These conditions are expected to continue over the next few days, according to…
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The European Union (EU) has announced a list of tariffs—impacting $3.2 billion worth of U.S. goods—that will go into effect on June 22, 2018. These tariffs are in response to the U.S. ending exemptions on Section 232—steel and aluminum—tariffs and are seen as “rebalancing measures,” according to the EU. Here is the full list of…
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Trans-Pacific carriers have announced the third quarter Bunker Adjustment Factor (BAF) and Low Sulphur Surcharge (LSS) for 2018, effective July 1, 2018. The BAF and LSS will affect all Canadian and U.S. destinations. The following amounts are in USD and apply to all freight moving on Trans-Pacific lanes. Bunker Adjustment Factor (BAF) Applies to all…
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In April, the Trump Administration proposed tariffs on 1,333 items under Section 301 and stated that the official list would be announced June 15, 2018. That official list of products has been announced and separated into two sets. The first set contains 818 items of the originally proposed 1,333 items. These products will be subject…
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Mexico, in retaliation to U.S. Section 232 tariffs, has placed additional tariffs on U.S. origin items of 25 percent on steel and 10 percent on aluminum imports, which went into effect June 5. Some tariffs are for items such as pork, cheese, apples, and bourbon will be phased in by July 5, 2018. Here is…
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The two-month exemption period for Canada, Mexico, and the European Union has ended, and Section 232 tariffs—which place a 25 percent tariff on steel and 10 percent tariff on aluminum—are set to go into effect June 1. As a result, Mexico has stated they may place tariffs on American lamps, pork, fruit, cheese and flat…
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