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News / Supply Chain Alerts

SUEZ CANAL INCIDENT STATUS UPDATE

The situation in the Suez Canal has now been resolved, with the backlog having cleared and all vessels proceeding to their destinations. The impact on Noatum North America and its customers was thankfully minimal.

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SECTION 232 STEEL AND ALUMINUM DERIVATIVE PRODUCTS: DUTY RECOVERY OPPORTUNITY

On April 5, 2021, the U.S. Court of International Trade issued an opinion against the Section 232 derivative product  tariffs implemented on Proclamation 9980 which applied a 25% tariff on steel derivative products and a 10% tariff on aluminum derivative products.

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DIGITAL SERVICE TAX NEXT STEPS FOR AUSTRIA, INDIA, ITALY, SPAIN, TURKEY, AND THE UNITED KINGDOM

On Friday, March 26, 2021, the United States Trade Representative (USTR) office announced in a press release the Next Steps of Section 301 Digital Service Tax (DST) Investigations for Austria, India, Italy, Spain, Turkey, and the United Kingdom.

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USTR SUSPENDS TRADE ENGAGEMENT WITH BURMA

On Monday, March 29, 2021, the United States Trade Representative (USTR) Katherine Tai announced that the USTR would Suspend Trade Engagement with Burma following Military Coup and Violence against Civilians.  In the message, the USTR said the suspension of all U.S. engagement with Burma under the 2013 Trade and Investment Framework Agreement (TIFA) will remain in effect until a return of a democratically elected government.

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ALUMINUM IMPORT LICENSE PROGRAM EFFECTIVE DATE DELAYED AGAIN UNTIL JUNE 28, 2021

On Monday, March 29, 2021, upon request from the Department of Commerce (DOC), U.S. Customs and Border Protection issued CSMS Message #46800973 delaying the effective date of the Aluminum Import (AIM) license requirement until June 28, 2021. 

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EVER GIVEN HAS BEEN REFLOATED, AUTHORITY CONFIRMS

Inchcape Shipping Services has announced that the container ship blocking the Suez Canal has been refloated as of early this morning, Monday, March 29. The good news has also been confirmed by Osama Rabie, head of the Suez Canal Authority, according to his statement with state TV, published by CNN.

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SUEZ CANAL INCIDENT STATUS UPDATE

As is widely reported in the Global media, the very large container ship “Ever Given“ was grounded during transit in the Suez Canal on Tuesday, March 23, completely blocking the canal for the passage of other vessels.

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CBP ENFORCEMENT OF CLASSIFICATION AND FREE TRADE AGREEMENT QUALIFICATION

U.S. Customs and Border Protection (CBP) continues to be actively engaged in enforcement of importer compliance with all applicable import rules and regulations.

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TRANSATLANTIC WESTBOUND PRICE ADJUSTMENTS – APRIL 1, 2021

Please be advised that several carriers have announced significant increases to their FAK levels from North Europe to the USA. These changes will affect current tariff rates. Impact on contract rates is not clear, and would likely not be as severe, but the market will definitely support some increases.

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CHINA TARIFFS: COVID-19 EXCLUSIONS EXTENDED THROUGH SEPTEMBER 30, 2021

On Wednesday, March 10, 2021, the United States Trade Representative Office (USTR) announced in Federal Register Notice 86 No 45 FR 13785 that the Section 301 exclusions for Covid-19 related medical supplies, originally scheduled to expire on March 31, 2021, would be extended through September 30, 2021.

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