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…
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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…
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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…
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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…
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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…
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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…
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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…
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In 1970, the United States saw its first Black History Month celebration. By February 1976, it had become an official annual observance, decreed by President Gerald Ford. The entire month of February was dedicated to honoring and remembering the achievements of historical Black figures who helped shape America, and the world. As February draws to…
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U.S. Customs and Border Protection (CBP) has published answers to a set of frequently asked questions regarding the withhold release order (WRO) that was issued Jan. 13. The WRO was aimed at cotton and tomato products made with slave labor in the Xinjiang Uyghur Autonomous Region (XUAR). The WRO also includes downstream products produced outside…
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Customs and Border Protection (CBP) has begun to operate under “an informed compliance umbrella.” This comes after penalties were being issued for the “transportation data” minor errors in the Automated Export System (AES) filings. There have been discrepancies with filed dates and ports, which CBP would like to see corrected instead of penalized. Their goal…
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