On Tuesday, this week, the price of diesel fuel on the CME commodity exchange rose 21.98 cents per gallon, which is the largest single day increase since early June 2008. The US Department of Energy reports that the national average price of diesel at the pump jumped $0.75 cents in the first week of March, up a total of $1.71 from one year ago.
News / Supply Chain Alerts
As the conflict between Russia and Ukraine grows, the operational outlook for logistics operations with these countries has been severely altered.
HUSCHBLACKWELL
On February 24, 2022, the United States imposed a combination of extensive and complex trade sanctions and export controls against Russia in response to is invasion of Ukraine.
On Monday February 7, 2022 the United States Trade Representative (USTR) announced a 232 Tariff Agreement with Japan. The new agreement will allow Japan to ship up to 1.25 million tons of steel under a tariff rate quota (TRQ) without paying the 25% tariff. Any steel shipped in excess of the 1.25 million tons will be subject to the 25% tariff. The agreement which will take effect April 1st did not change the 10% tariff on aluminum.
Continual disruptions along the Canadian border are creating havoc for us all. Currently this is what we know:
On Friday February 4, 2022, the President of the United States issued a Proclamation to Continue Facilitating Positive Adjustment to Competition from Imports of Certain Crystalline Silicon Photovoltaic Cells (CSPV) (Whether or Not Partially or Fully Assembled into Other Products.
Canadian officials are denouncing an “unlawful” blockade of a border crossing between the United States and Canada and reports of violence, as a self-described “Freedom Convoy” of truckers and their supporters opposed to vaccine mandates continued its demonstrations for a fifth day.
January 15, 2022
Saturday, January 15, 2022, a Canadian federal law was implemented requiring all U.S. truck drivers entering Canada show proof of full vaccination. Unvaccinated Canadian truckers who are returning from the U.S. will also be required to quarantine for 14 days, according to reports.
The Census Bureau’s Economic Management Division (EMD) is announcing the publication of a Notice of Proposed Rulemaking (NPRM) seeking public comments on its consideration to add a conditional data element, country of origin, when foreign origin is selected in the Foreign/Domestic Origin Indicator field in the Automated Export System (AES).