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News / Industry News

Tariff “Wild Card” Threatens Retail Imports

Source: National Retail Federation – September 10, 2018

With retail sales continuing to grow, imports at the nation’s major retail container ports are expected to remain strong this month after setting three new records this summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“More tariffs could come any day, and retailers have been bringing in record amounts of merchandise ahead of that in order to mitigate the impact on their customers,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Retail sales are growing stronger than expected this year thanks to tax cuts and job creation, but tariffs are the wild card that threaten to throw away a significant portion of those benefits.”

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United States – Korea Free Trade Agreement (KORUS) Update

On September 3, 2018 the Office of the United States Trade Representative (USTR) and the Republic of Korea’s Ministry of Trade, Industry and Energy published the “Agreed Outcomes” from the U.S. – Korea Free Trade Agreement (KORUS) amendment and modifications negotiations.

According to U.S. Trade Representative Robert Lighthizer, “The United States and Korea have strengthened an important economic relationship by agreeing to substantial improvements to KORUS that will help rebalance our trade, reduce our trade deficit, and expand U.S. export opportunities”.  

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August 2018 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 112th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS) – August 30 Update

The following are the announced levels for upcoming General Rate Increases (GRI) and Peak Season Surcharges (PSS) from carriers. Includes announced GRI effective October 15, 2018.

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Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS)

The following are the announced levels for upcoming General Rate Increases (GRI) and Peak Season Surcharges (PSS) from carriers.

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Retail Imports Set Multiple New Records Ahead of Tariffs

Source: National Retail Federation

With retail sales rising and retailers rushing to bring merchandise into the country ahead of proposed new tariffs on products from China, imports at the nation’s major retail container ports have set two new records this summer and are expected to set another this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Tariffs on most consumer products have yet to take effect but retailers appear to be getting prepared before that can happen,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We’re seeing new record levels every month this summer. Much of that is to meet consumer demand as tax reform and a thriving economy drive retail sales, but part of it seems to be concern over what’s to come. The good news for consumers is that avoiding tariffs holds off price increases that will inevitably come if the reckless and misguided trade war is allowed to continue.”

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July 2018 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 111th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Transpacific General Rate Increases (GRI) and Peak Season Surcharges (PSS)

The following announced levels from carriers are for upcoming General Rate Increases (GRI) and Peak Season Surcharges (PSS).

Read More


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Free Trade Agreements Move Forward

Three trade agreements, the Regional Comprehensive Economic Partnership (RCEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Japan-EU Economic Partnership Agreement (JEEPA) have all moved forward in negotiations and/or ratification in recent weeks.

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June 2018 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 110th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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