USTR Extends Effective Entry Date for Additional Section 301 List 3 Tariffs

Friday, May 31st was a busy day!  In addition to announcing the termination of GSP privileges for India effective 6/5, the office of the United States Trade Representative (USTR) shared that goods shipped prior to May 10th that fall under

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India to Lose GSP Status Wednesday, June 5th

On Friday, May 31st, President Trump announced that India would lose its Generalized System of Preferences (GSP) status effective Wednesday, June 5th. India’s GSP status is being revoked as President Trump feels that India is not ensuring the U.S. “equitable

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Trump Announces 5% Tariffs on Mexican Imports Effective June 10th

On May 30th, in response to the record surges in illegal immigration crossing at the U.S.-Mexico border reported by U.S. Customs and Border Protection (CBP) officials in recent weeks, President Trump announced a 5% tariff on all U.S. goods imported

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Update: BCMEA and ILWU Reach Agreement, Resume Canadian Port Operations

The British Columbia Maritime Employers Association (BCMEA) and Canadian International Longshore and Warehouse Union (ILWU) have reached a tentative agreement to end yesterday’s planned labor lockout at the Vancouver and Prince Rupert ports, and will resume normal port operations effective

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MAY DAY! Labor Lockout Planned at Canadian Ports on Thursday, May 30th

The British Columbia Maritime Employers Association (BCMEA) released an official notice to the Canadian International Longshore and Warehouse Union (ILWU) indicating its intention to lockout dockworkers at the Canadian ports of Vancouver and Prince Rupert beginning Thursday, May 30th at

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Carriers Announce Trans-Pacific Blank Sailings for June

Several carriers have already announced upcoming Trans-Pacific blank sailings for June. The OCEAN Alliance, including CMA (including APL), COSCO (including OOCL) and Evergreen, will remove approximately 25,000 TEU from its Trans-Pacific trade lane in June (this represents over 6% of

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USTR Section 301 List 3 Exclusion Process Details Released

Per our Shap Flash posted on May 8, the office of the U.S. Trade Representative (USTR) released a statement indicating that the exclusion process for List 3 tariffs would be outlined shortly. Though no official announcement has been released yet,

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Bond Sufficiency Amid Threats of USTR List 4 and Removal of Section 232 Duties

As importers subjected to Section 301 Lists 1, 2 and 3 can attest, additional tariffs have a major impact on your bond. With List 4 on the horizon (which covers nearly all products imported from China), it is more important

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President Trump Lifts Section 232 Tariffs on Canada, Mexico

On May 17th, the US made dual announcements lifting Section 232 tariffs on Canadian steel and aluminum products, as well as Mexican metal products. Here’s what we know: US – Canada Section 232 Tariffs US and Canada announced a rollback of

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Turkey’s GSP Status Removed, Tariffs Lowered on Turkish Steel Exports

Effective May 17th, the White House officially announced the end of Turkey’s Generalized System of Preferences (GSP) status, since it “no longer meets the criteria to be considered a developing country.” Although, in March, the USTR had announced that both

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