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News / Industry News

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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EXPORT LICENSE EXCEPTIONS FOR HONG KONG REVOKED

On Tuesday, June 30, 2020, the Bureau of Industry and Security (BIS) announced with immediate effect that it is suspending any license exceptions for export to Hong Kong, reexports to Hong Kong and transfers (in-country) within Hong Kong of items subject to the Export Administrations Regulations (EAR), 15 CFR Parts 730-774 that provide differential treatment than those available to the People’s Republic of China.

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CHINA TARIFFS: FIFTH SET OF LIST 4A EXCLUSIONS ANNOUNCED

On Friday, June 12, 2020, the United States Trade Representative (USTR) office released its fifth list of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 No. 114 FR 35975.

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PANDEMIC’S IMPACT ON IMPORTS EASING, BUT NUMBERS ARE STILL BELOW LAST YEAR

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

The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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AMENDMENT TO EAR EXPECTED TO HAVE SIGNIFICANT BUSINESS IMPACT

On April 28, 2020, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) published 3 amendments to the Export Administration Regulations (EAR) which should have a significant impact on business. The three rules are specific to the export, re-export, or transfer of U.S. jurisdiction goods, software, and technology to Chinese, Russian, and Venezuelan entities including both commercial and military end-users.

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CHANGES AFFECTING YOUR CURRENT NAFTA CERTIFICATE OF ORIGIN AND BLANKET NAFTA CERTIFICATES

NAFTA regulations will be replaced by the recently ratified United States-Mexico-Canada Agreement (USMCA) which will enter into force July 1, 2020. View the notification published by Noatum Logistics here along with CBP’s website for implementation guidelines.

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MAY 2020 MANUFACTURING ISM® REPORT ON BUSINESS®

Source:  Institute for Supply Management – June 1, 2020

Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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CHINA TARIFFS: LIST 3 EXCLUSIONS RELEASED MAY 28

On Thursday, May 28, 2020, the United States Trade Representative (USTR) office released a new list of product exclusions to the Section 301 List 3 products currently subject to a 25% tariff in the Federal Register Notice 85 No. 103 32094.

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