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News / Industry News

Regulatory Compliance Updates – March 2018

President Trump Proposes Increased Tariffs on China Imports

Based upon an investigation by the United States Trade Representative (USTR) under section 301 of the Trade Act of 1974, as amended (the “Act”) (19 U.S.C. 2411) President Trump issued a Memorandum on March 22 stating he will impose about $60 billion worth of annual tariffs on Chinese imports as a result of China’s laws, policies, practices, or actions that may be unreasonable or discriminatory and that may be harming American intellectual property rights, innovation, or technology development.  The tariffs, which the United States trade representative will publish within 15 days, will target 1,300 lines of Chinese goods — everything from shoes and clothing to electronics, administration officials said.  Under the terms of the memorandum, the President ordered a 60-day consultation period, which will give industry lobbyists and legislators a chance to water down a proposed target list.

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Import Cargo Volume

New tariffs threaten import growth at container ports

Source: National Retail Federation

Imports at the nations’ major retail container ports are expected to dip slightly this month, but that’s the result of annual Asian factory shutdowns for Lunar New Year rather than new tariffs on steel and aluminum imposed this week, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. Nonetheless, those and other tariffs could eventually have an impact on the ports.

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Feb 2018 Manufacturing ISM Report

February 2018 Manufacturing ISM Report On Business

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in February, and the overall economy grew for the 106th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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Shipping Logistics Picture

Only so many hours in the dray

Source: DC Velocity

U.S. intermodal traffic volumes set a record in 2017, and the consensus going into 2018 is for more gains. The global economy ended last year with its best-synchronized recovery since 2010. In the U.S., ocean imports were expected to rise 7 percent over 2016 levels, according to a December survey by the National Retail Federation (NRF) and consultancy Hackett Associates. Meanwhile, already-solid domestic intermodal demand will likely be goosed if qualified over-the-road drivers remain in short supply and if the trucking industry struggles with transitioning to the federal safety mandate requiring that virtually all trucks built after the year 2000 have electronic logging devices (ELDs) onboard.

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NRF Import Cargo Volume

Retail Imports Expected to Grow 4.9 Percent in First Half Of 2018 As Consumer Demand Increases

Source: National Retail Federation

Imports at the nation’s major retail container ports are expected to grow a healthy 4.9 percent during the first half of 2018 compared with the same period a year earlier, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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January 2018 Manufacturing ISM Report

January 2018 Manufacturing ISM Report On Business

Economic activity in the manufacturing sector expanded in January, and the overall economy grew for the 105th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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U.S. Economic Outlook

U.S. Economic Snapshot – January 2018

The following are a list of U.S. economic indices captured within the last 30 days.

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Wind/Solar Energy

Safeguard Tariffs on Imported Solar Cells and Large Residential Washers

Safeguard Tariffs on Imported Solar Cells

  • The ITC determined that increased solar cell and module imports are a substantial cause of serious injury to the domestic industry. Although the Commissioners could not agree on a single remedy to recommend, most of them favored an increase in duties with a carve-out for a specified quantity of imported cells.

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gavel

Q1 Regulatory Updates

GSP Expired On December 31, 2017

The Generalized System of Preferences (GSP) provides duty-free treatment to goods of designated beneficiary countries. The program was authorized by the Trade Act of 1974 to promote economic growth in the developing countries and was implemented on January 1, 1976.

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THE EMPLOYMENT SITUATION – DECEMBER 2017

The Employment Situation – December 2017

Source: Bureau of Labor Statistics

Total nonfarm payroll employment increased by 148,000 in December, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in health care, construction, and manufacturing.

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