First Round of Section 301 List 1 Exclusions Expiration Update

On Thursday, December 19th, the Office of the U.S. Trade Representative (USTR) announced that just 6 (six) exclusions from the first round of Section 301 tariff exclusions on List 1 goods will be granted extensions. As the exclusions for the

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CBMA to Remain Effective Through 2020

Despite speculation that the Craft Beverage Modernization and Tax Reform Act (CBMA) would expire prior to next year, CBMA was included in a tax extenders package that was approved by Congress yesterday, December 17th. Within the new extended package, CBMA

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USTR to Publish Official Notice Suspending Section 301 List 4B Tariffs

The Office of the U.S. Trade Representative (USTR) has officially announced that the additional 15% tariffs on $160 billion of List 4B products that were set to take effect on December 15th are suspended indefinitely. Per our previous Flashes, President

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USTR Announces Additional Section 301 Exclusions

The Office of the U.S. Trade Representative (USTR) released additional sets of product exclusions from Section 301 Chinese tariffs. The USTR notices feature several announcements, each containing the specially prepared HTS subheadings excluded from either List 1, 2 and 3

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Trump Confirms Terms of “Phase One” of U.S. and China Agreement

Per yesterday’s Flash, officials from the U.S. and China reached a tentative trade deal, just days before Section 301 List 4B tariffs were scheduled to begin on December 15th. President Trump has now confirmed the terms of “Phase One” of

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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

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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,

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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

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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

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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

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