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CHINA TARIFFS: LIST 3 PRODUCT EXCLUSION EXTENSIONS ANNOUNCED

On Tuesday, August 11, 2020, the United States Trade Representative (USTR) office announced the extension of certain product exclusions to Section 301 List 3 products currently subject to a 25% tariff in Federal Register Notice 85 No. 155 FR 48600.

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RETAIL IMPORTS TO SEE LOWEST ANNUAL TOTAL IN FOUR YEARS

Source:  National Retail Federation Press Release – August 10, 2020

Imports at major U.S. retail container ports during 2020 are expected to see their lowest total in four years as the impact of the coronavirus pandemic on the U.S. economy continues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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JULY 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – August 6, 2020

Economic activity in the manufacturing sector grew in July, with the overall economy notching a third consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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CHINA TARIFFS: SECTION 301 ONE-YEAR EXCLUSIONS EXPIRING

Importers of goods manufactured in China who have been taking advantage of the one-year Section 301 China tariff exclusions are discovering that their exclusions are now expiring, subjecting their imports to the 25% (List 1-3) or 7.5% (List 4A) tariffs. 

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JULY LOGISTICS LINK

During the month of July, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry.  Read about industry updates, regulatory updates and announcements in the July 2020 logistics link.

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CHINA TARIFFS: SIXTH AND SEVENTH SETS OF LIST 4A EXCLUSIONS ANNOUNCED

The United States Trade Representative (USTR) office recently released its sixth and seventh lists of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff.

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FRANCE DIGITAL SERVICES TAX: U.S. TO IMPOSE SECTION 301 TARIFFS ON IMPORTS

On Thursday, July 16, 2020, the United States Trade Representative (USTR) announced in the Federal Register Notice 85, No. 137 FR 43292, that effective January 6, 2021, the United States will impose a 25 percent tariff on $1.3 billion of imports from France. The 21 items affected include cosmetics, soaps and handbags as specified in the notice and at the bottom of this trade alert.

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CHINA TARIFFS: LIST 1 EXCLUSIONS EXPIRED AND EXTENDED

Beginning on December 28, 2019, many of the exclusions related to the China List 1 Harmonized Tariff Schedule (HTS) numbers expired unless the United States Trade Representative (USTR) office chose to extend them.  All exclusions and extensions can be found on the USTR website.

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RETAIL IMPORTS IMPROVING SLIGHTLY, BUT STILL FAR BELOW LAST YEAR

Source:  National Retail Federation Press Release – July 8, 2020

Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into this fall as the impact of the COVID-19 pandemic continues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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JUNE 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – July 1, 2020

Economic activity in the manufacturing sector grew in June, with the overall economy notching a second month of growth after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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