NAFTA 2.0, What’s Different?

Announced on September 30th, the United States, Mexico and Canada renegotiated NAFTA and forged a preliminary trilateral trade agreement. This new agreement is known by USMCA and as NAFTA 2.0.  In anticipation of NAFTA 2.0, let’s look at a few highlights of what’s different in this proposed agreement:  Rules of Origin: Under USMCA, some industries…

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Effective October 1, 2018, Merchandise Processing Fees to Increase for Fiscal Year 2019

Effective October 1, 2018, Merchandise Processing Fees to Increase for Fiscal Year 2019

In August, U.S. Customs and Border Protection (CBP) announced that the Consolidated Omnibus Budget Reconciliation Act (COBRA) will increase user fees effective October 1, 2018 by 4.886 percent to adjust for inflation for Fiscal Year 2019. One fee affected by this increase is the “Minimum” and “Maximum” Processing Fees. Specifically, the "Minimum" and "Maximum" Merchandise…

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New Tariffs Causing Insufficient Bonds

New Tariffs Causing Insufficient Bonds

U.S. Customs Border and Protection (CBP) recognizes that Section 232 and 301 tariffs are having a significant impact on continuous bond amounts and expect to see an increase in insufficient bonds in the coming months. In the meantime, CBP is urging importers, brokers, and sureties to be mindful when determining bond sufficiency based on Section…

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USTR Announces Official Second List of Section 301 Tariffs

USTR Announces Official Second List of Section 301 Tariffs

The Office of the United States Trade Representative (USTR) has finalized list two of Section 301 tariffs on Chinese products. The list contains 279 tariff lines—about $16 billion worth of imports from China—and will be subject to a 25 percent additional tariff. Customs will start collecting these additional duties on August 23, 2018. A Federal Register…

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CTPAT Members—Your Chance to Submit Feedback on MSC

CTPAT Members—Your Chance to Submit Feedback on MSC

The updated Customs Trade Partnership Against Terrorism (CTPAT) Minimum Security Criteria (MSC) Workbooks for members has been released and has entered into a commenting period, as of July 25. Over the next 90 days CTPAT members are advised to log into the CTPAT portal and review the updated MSC workbooks in the portal’s Document Section…

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