On Tuesday, March 10, 2020, the United States Trade Representative (USTR) office released its first list of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 FR 13970.
News / Industry News
As the impact of the coronavirus on businesses and global financial markets continues to escalate, we would like to share the steps that Noatum Logistics North America is taking to ensure continuity of our services.
Source: National Retail Federation Press Release – March 9, 2020
The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Institute for Supply Management – March 2, 2020 Release
Economic activity in the manufacturing sector grew in February, and the overall economy grew for the 130th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
Terminals in the U.S. are canceling work shifts due to the low cargo volumes caused by the coronavirus (COVID-19). There are 111 void sailings from the transpacific carriers between February – April, which includes 63 sailings during the normal factory closures over the Lunar New Year and 43 sailings due to the disruptions caused by the coronavirus. The American Association of Port Authorities says year-over-year cargo volumes in the first quarter could be down by at least 20%.
The United States Trade Representative (USTR) office released four new lists of product exclusions to the Section 301 List 1-3 products currently subject to a 25% tariff.
CN mainlines are being physically blocked by groups who are opposed to the completion of a natural gas pipeline in Northern British Columbia. The blockades have caused shutdowns at Tyendinaga, ON, since February 6; New Hazelton, BC, since February 8; and Headingly, MB, since February 12. Read the full CN press release. For additional background information, please refer to the BBC article here: https://www.bbc.com/news/world-us-canada-51452217.
Factories in China have begun to reopen but, because regional travel restrictions are still in place, some employees will not be able to return to work immediately. This is especially true for migrant workers from Hubei where most of the coronavirus (n-CoV) infections have been reported.
Source: National Retail Federation Press Release – February 10, 2020
With coronavirus causing longer Lunar New Year shutdowns of factories in China, imports at major U.S. retail container ports are expected to see a sharper-than-usual drop this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Source: Institute for Supply Management – February 3, 2020 Release
Economic activity in the manufacturing sector grew in January, and the overall economy grew for the 129th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.