U.S. and China Reach Tentative Trade Agreement

The U.S. and China have reportedly reached a tentative trade agreement, just days ahead of the next installment of Section 301 (List 4B) tariffs scheduled to begin this Sunday, December 15th. “Phase One” of the U.S. – China pact would halt the imposition of additional 15% tariffs on $160 billion in products imported from China. […]

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HTS/Schedule B Units of Quantity Required on ALL Tariff Numbers as of January 1, 2020

As mentioned in ShapTalk December 2018 issue, all remaining tariff numbers will have a specific unit of quantity (UOQ) assigned to them. Under the Trade Facilitation and Enforcement Act of 2015 (TFTEA), also referred to as the New Drawback Law, changes will be made to all HTS and Schedule B numbers for all units of […]

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USMCA Agreement Reached

Today, the Trump Administration and the U.S. House of Representatives revealed plans to move forward with the United States-Mexico-Canada Agreement (USMCA), which will replace the recently defunct North American Free Trade Agreement (NAFTA). USMCA makes a few key changes to NAFTA, which are designed to favor organized labor, regular (non-gig) workers and enhance digital trade […]

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IMO 2020 Surcharge Summary – December 1st, 2019 Update

As referenced in our latest Freight Report, we are roughly 1 month away from the IMO 2020 effective date, which mandates that carriers must burn 0.5% very low sulfur fuel oil (VLSFO) or operate vessels with exhaust scrubbers to meet IMO 2020 emissions regulations. In light of the above, carriers have begun implementing various surcharges […]

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USTR Advances Section 301 Tariffs on French Goods

On Monday, December 2nd, the office of the United States Trade Representative (USTR) proposed the enactment of Section 301 tariffs on French imports, covering 63 different HTS subheadings. The proposition of tariffs is in direct retaliation to France’s newly minted digital services tax, which heavily interferes with the interests of U.S. internet and software giants […]

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Trump Plans to Reinstate 232 Tariffs on Steel and Aluminum from Brazil and Argentina

In a series of Tweets elicited this morning, President Trump stated that he plans to restore Section 232 tariffs on all steel and aluminum being imported to the U.S. from Brazil and Argentina. The President cited the continued devaluation of Brazilian and Argentinian currencies, which impede profitability of U.S. agricultural exports, as the impetus for […]

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Tax Breaks Afforded Under CBMA Set to Expire by Year’s End

The Craft Beverage Modernization and Tax Reform Act (CBMA), which went into effect in 2017 and reduced tax rates on qualified imports of distilled spirits, beer and wine, is set to expire prior to year’s end. Since its inception, CBMA is estimated to have saved importers and producers of alcohol millions in tax credits. These […]

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USTR Announces Another Round of Section 301 Exclusions for Certain List 3 Products

The Office of the U.S. Trade Representative (USTR) released an additional set of product exclusions from Section 301 List 3 Chinese tariffs. The List 3 notice contains 32 specially prepared HTS subheadings partially excluded from 25% tariffs, which cover 39 separate requests respectively. According to the USTR, the latest round of exclusions will retroactively apply […]

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Labor Strikes Against Canadian National Railroad

Effective Tuesday, November 19th at 12:10 AM, approximately 3,200 unionized conductors and railyard workers from Teamsters Canada Rail Conference (TCRC) organized an official labor strike against Canadian National (CN). Although reports indicate that representatives from both Teamsters and CN have already sat down with federal mediators in an effort to create a deal to replace […]

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USTR Releases Additional Section 301 Exclusions for Certain List 3 Products

The Office of the U.S. Trade Representative (USTR) released an additional set of product exclusions from Section 301 List 3 Chinese tariffs. The List 3 notice contains 2 HTS subheadings completely excluded from 25% tariffs, and 34 partially excluded subheadings, which cover 42 separate requests respectively. According to the USTR, the latest round of exclusions […]

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