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Retail Imports Growing Despite Threat of Tariffs

  • Global Logistics, Ocean Market

Source: National Retail Federation

Imports at the nation’s major retail container ports are expected to grow steadily throughout the summer despite the prospect of heavy tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With proposed tariffs yet to be officially imposed, retailers are stocking up on merchandise that could soon cost considerably more,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “If tariffs do take effect, there’s no quick or easy way to switch where these products come from. American families will simply be stuck paying higher prices and hundreds of thousands of U.S. jobs could be lost.”

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April 2018 Manufacturing ISM Report

April 2018 Manufacturing ISM Report on Business

  • Economic News

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 108th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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supply chain alert banner 2017

Renewal of the Generalized System of Preferences (GSP) and GSP Refund Process

  • Regulatory Updates, Supply Chain Alerts

On Friday, March 23, 2018, the President signed into law H.R. 1625 (Public Law 115-141), the “Consolidated Appropriations Act, 2018,” which in addition to providing full-year federal appropriations through September 30, 2018, extended GSP with retroactivity, for goods entered or withdrawn from a warehouse for consumption from January 1, 2018 through December 31, 2020. The new law, effective April 22, 2018, also provided for the retroactive refund of all duties (without interest) to the importer of record (IOR) on GSP-eligible goods entered during the January 1, 2018 through April 21, 2018 lapse period.

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MIQ Supply Chain Alert

Update on Import Tariffs on Products from China

  • Regulatory Updates, Supply Chain Alerts

The latest United States Trade Representative (USTR) proposed application of an additional 25% duty covering more than 1300 import tariff classifications including: medicaments; pumps and valves; machinery for the oil and gas, agriculture, food, beverage, and apparel industries; motors; generators; trucks; bulldozers; railway cars; automobiles; helicopters; airplanes; boats; and consumer products such as dishwashers, microwaves, TVs, and VCRs. The list of products, defined by 8-digit subheadings of the Harmonized Tariff Schedule of the United States (HTSUS), is set out in the Annex to the Federal Register Notice (click here).

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Import Cargo Volume

Imports Increasing but Threatened by Growing Trade War

  • Global Logistics, Ocean Market

Source: National Retail Federation

Imports at the nation’s major retail container ports are expected to grow a healthy 5.8 percent year-over-year this month but could be threatened in the future if the developing trade war between the United States and China continues to escalate, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“Tariffs are a tax on American consumers in the form of higher prices but they are also a tax on American jobs,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “If tariffs ultimately lead to a reduction in imports and exports, that will put dockworkers and countless others in the supply chain out of work. American consumers and workers should not be punished for China’s wrongdoing.”

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March 2018 Manufacturing ISM Report On Business

  • Economic News

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in March, and the overall economy grew for the 107th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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John Carr

Take Me To Your Thought Leader

  • MIQ in the News, Ocean Market

Global Trade 

Recently,  John Carr (MIQ President and CEO) answered several questions that were posed to 9 global 3PL leaders.  An excerpt of John’s responses were featured in the article entitled “Take Me To Your Thought Leader”;  currently found in the April/May edition of Global Trade magazine.  >> Click here to access the entire article.

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Regulatory Compliance Updates – March 2018

  • Regulatory Updates

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

  • Global Logistics, Ocean Market

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

  • Economic News

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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