On Friday, October 11, 2019, the United States Administration announced a Phase 1 interim deal with China. The Phase 1 deal with China will require China to purchase U.S. agricultural products and set a currency standard for the China renminbi. It will also strengthen protections of U.S. intellectual property rights and provide access to Chinese markets for U.S. financial services firms. The United States will suspend the increase in tariffs from 25% to 30% on $250 billion worth of Chinese imports which was scheduled to take effect on October 15, 2019.
News / Supply Chain Alerts
On Wednesday, October 2, 2019, the United States Trade Representative (USTR) office issued a press release in response to a World Trade Organization (WTO) finding that $7.5 billion in subsidies provided to Airbus by the European Union (EU) have “seriously injured” the United States (U.S.) aerospace industry. As a result of the findings, the U.S. will place WTO-approved tariffs on EU goods.
On Friday, September 27, 2019, the United States Trade Representative (USTR) office released two notices of product exclusions to the Section 301 List 1 and 2 products currently subject to a 25% tariff as follows:
On Tuesday, September 17, 2019, the United States Trade Representative (USTR) office released three notices of product exclusions to the Section 301 List 1-3 products currently subject to a 25% tariff as follows:
The Noatum Logistics USA Houston office, located at 8575 Volta Dr, Suite 400, Humble, TX, re-opened today, Friday, September 20. The office is operating with a limited staff.
Clients should continue to expect delays due to flooding and power outages in surrounding areas resulting from Tropical Depression Imelda.
For more information, please contact your local Noatum Logistics USA representative.
Due to the severe flooding and power outages resulting from Tropical Depression Imelda, the Noatum Logistics USA Houston office located at 8575 Volta Dr, Suite 400, Humble, TX 77338 is closed today, Thursday, September 19. Clients should expect delays due to the storm.
At this time, we are planning to re-open the Houston office as soon as weather conditions permit. We are closely monitoring the situation and will provide updates as necessary in the News and Expertise section on our website homepage.
For more information, please contact your local Noatum Logistics USA representative.
On Wednesday, September 11, 2019, the president of the United States announced that “as a gesture of good will” the United States will delay the 5% increase in tariffs on $250 billion worth of Chinese imports originally scheduled for October 1, 2019. The increase is now scheduled for October 15, 2019.
Hurricane Dorian continues to wreak havoc in the Bahamas today. The storm is expected to move toward the east coast of Florida and continue on a northward offshore path along the southeast coast of the United States during the next several days. For more details regarding weather forecasts, please refer to:
On Thursday, August 29, 2019, the United States Trade Representative (USTR) issued a request for comments concerning Section 301 actions. This comment period is specific to the increase in tariffs from 25 percent to 30 percent for Section 301 Lists 1-3 valued at $250 billion previously announced in the USTR Statement on Section 301 Tariff Action Regarding China. These new tariffs are set to increase on October 1, 2019.
The National Weather Service has issued hurricane advisories for several areas in the Caribbean Sea and Atlantic Ocean related to Hurricane Dorian. Hurricane Dorian now threatens the southeast USA, including Florida, Georgia and the Carolinas over the weekend. The exact path of the storm is uncertain at this time. Companies and residents are encouraged to closely monitor the forecast in these areas and take appropriate measures.