Starting Wednesday June 1st, Shanghai officials will begin to re-open China’s largest city after a long two-month COVID lockdown. The lockdown was initiated during China’s worst wave of infections since the beginning of the pandemic.
News / Industry News
The contract negotiations between the ILWU and PMA began May 10th in San Francisco. It has been posted on a few trade publications that the ILWU requested to suspend further negotiations until June 1st. The following are the key points:
WASHINGTON – Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in merchandise ahead of rising costs and further supply chain issues, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On April 8th, 2022, President Biden signed into law HR 7108 to remove the Permanent Normal Trade Relations (PNTR) status with Russia and Belarus. The removal of Permanent Normal Trade Relations status includes the withdrawal of “most favored nation” tariffs and will result in higher tariffs on the import of goods from Russia and Belarus.
WASHINGTON – The nation’s major retail container ports have begun to catch up with the backlog of cargo seen over the past several months, but could experience another surge this summer, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On Tuesday March 22nd, the United Sates and the United Kingdom announced in a Joint Statement on Trade In Steel and Aluminum that the US would remove the section 232 tariffs and the UK would suspend related tariffs on US products.
Dear colleagues & partners,
China’s financial hub of Shanghai announced the city will lock down in two stages to carry out COVID-19 testing over a nine-day period, with the eastern side of the city under restrictions from Monday until 1 April, and the western side from 1-5 April.
On Wednesday March 23, the United States Trade Representative (USTR) office announced in a Press Release a decision to reinstate certain previously granted and extended product exclusions from the China Section 301 Tariffs. The determination reinstates 352 of 549 eligible exclusions. The full list can be found in the Notice of Reinstatement of Certain Exclusions: China’s Acts, Policies, and Practices
Dear Noatum Customer,
As of April 1st, 2022, the Ports of Los Angeles and Long Beach will begin collecting a new Clean Truck Fund (CTF) Rate, regarding the ports goal to achieve zero-emissions drayage trucking by 2035. A $10 fee per TEU (twenty-foot equivalent unit) and an additional fee of $20 per container that exceeds 20 feet on loaded import, export, domestic and international containers being hauled by drayage trucks as they cross terminals and rail cargo moving to or off nearby rail ramps via truck.