Imports at the nation’s largest retail container ports should hit yet another record in August as consumer demand continues to stretch supply chains and retailers shift from the back-to-school season to the peak shipping season for winter holiday merchandise, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
News / Industry News
Effective October 1, 2021, U.S. Customs and Border Protection will proceed in adjusting certain customs user fees pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA) for Fiscal Year 2022 in Accordance with the Fixing American’s Surface Transportation Act (FAST Act) as implemented by CBP regulations.
On July 26, the Public Service Alliance of Canada (PSAC) on behalf of the Customs and Immigration Union (CIU) announced that the Border Services Officers (FB) have voted to strike starting August 6, 2021. This group includes the Canadian Border Service Agency (CBSA) Officers and is the result of an impasse in negotiations between their union and the Canadian Government. Immediately following the announcement of strike the two sides did agree to restart negotiations.
On Tuesday, July 13, 2021, a 36 page Joint Xinjiang Supply Chain Advisory was published by the Department of State, Department of Treasury, Department of Commerce, Department of Homeland Security, United States Trade Representatives and the Department of Labor.
Imports at the nation’s largest retail container ports are continuing to show double-digit growth over last year as strong consumer demand keeps up its momentum, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On Tuesday, July 6, 2021, the Court of International Trade (CIT) delivered a small “win” for the plaintiff importers in the Section 301 China list 3 and 4A case before the court. In the fifty (50) page two-to-one split decision ruling, CIT granted a preliminary injunction to suspend the liquidation of unliquidated import entries subject to Lists 3 and 4A duties subject to the Section 301 litigation.
Following nearly two years of increased duties/tariffs related to many retaliatory programs, aimed at unfair trade practices, as well as escalating costs via air, ocean rail and truck many importers are seeing an ever-increasing hit to their cash reserves. The volume and timing of cash outlays outpaces their cash inflows from their clients paying on terms. Managing cash flow is often the first area of focus each day for importers.
With the strong support and guidance of governments at all levels, Yantian International has strictly implemented the COVID-19 prevention and control work and has promoted the resumption of work and production in the port area in an orderly manner.
The Transportation Security Administration (TSA) is reminding all Importers, Exporters, Carriers, and Freight Forwarders that the International Civil Aviation Organization (ICAO) security requirements take effect for 100% of all international all-cargo flights by June 30, 2021.
The Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) project will directly impact, modernize, and streamline the import process of shipments entering Canada by transforming the collection of duties and taxes for commercial goods.