On Wednesday, September 11, 2019, the president of the United States announced that “as a gesture of good will” the United States will delay the 5% increase in tariffs on $250 billion worth of Chinese imports originally scheduled for October 1, 2019. The increase is now scheduled for October 15, 2019.
News / 2019
Imports at the nation’s major retail container ports reached unusually high numbers just before new tariffs on goods from China took effect September 1, and are expected to surge again before another round of tariffs takes effect in December, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Economic activity in the manufacturing sector contracted in August, and the overall economy grew for the 124th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
Hurricane Dorian continues to wreak havoc in the Bahamas today. The storm is expected to move toward the east coast of Florida and continue on a northward offshore path along the southeast coast of the United States during the next several days. For more details regarding weather forecasts, please refer to:
On Thursday, August 29, 2019, the United States Trade Representative (USTR) issued a request for comments concerning Section 301 actions. This comment period is specific to the increase in tariffs from 25 percent to 30 percent for Section 301 Lists 1-3 valued at $250 billion previously announced in the USTR Statement on Section 301 Tariff Action Regarding China. These new tariffs are set to increase on October 1, 2019.
The National Weather Service has issued hurricane advisories for several areas in the Caribbean Sea and Atlantic Ocean related to Hurricane Dorian. Hurricane Dorian now threatens the southeast USA, including Florida, Georgia and the Carolinas over the weekend. The exact path of the storm is uncertain at this time. Companies and residents are encouraged to closely monitor the forecast in these areas and take appropriate measures.
On Friday, August 23, 2019, the United States Trade Representative (USTR) office released the USTR Statement on Section 301 Tariff Action Regarding China in response to China’s “unjustified tariffs targeting U.S. products.”
The Federal Register Notice 84 FR 43304 published by the United States Trade Representative (USTR) Tuesday, August 20, 2019, announced the specifics related to the next steps for processing the new 10% tariffs on $300 billion of China products announced on August 13, 2019.
On Tuesday, August 13, 2019, the United States Trade Representative (USTR) posted a press release, USTR Announces Next Steps on Proposed 10 Percent Tariff on Imports from China.
On August 2, 2019, U.S. Customs and Border Protection (CBP) published a Federal Register Notice announcing that CBP is adjusting certain customs user fees pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA) for Fiscal Year 2020 in accordance with the Fixing America’s Surface Transportation Act (FAST Act) as implemented by CBP regulations.