On Friday, March 20, 2020, the United States and Mexico agreed to restrict all non-essential travel across the border in an effort to slow the spread of the coronavirus. It is important to note that this agreement, which will go into effect on Saturday, March 21, refers to non-essential travel only and will not affect trade.
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Noatum Logistics has received an update from the Houston Port Authority that the Port Houston container terminals are reopening for regular business Friday morning, March 20, 2020.
On Wednesday, March 18, 2020, the United States and Canada announced that they will temporarily restrict all non-essential travel across the U.S.-Canada border due to the coronavirus pandemic. It is important to note that this agreement refers to non-essential travel only and will not affect trade.
Noatum Logistics has been notified by the Houston Port Authority that operations have been temporarily suspended at Bayport and Barbours Cut Terminals in Houston.
On Tuesday, March 17, 2020, the United States Trade Representative (USTR) office released its first list of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 FR 15244.
As the impact of the coronavirus (COVID-19) on businesses and global financial markets continues to escalate, we would like to share some updates from our global network partners as well as our own Noatum Logistics North America operations.
On Monday, March 16, 2020, the United States Trade Representative (USTR) office released a new set of product exclusions for Section 301 List 3 products currently subject to a 25% tariff in Federal Register Notice 85 FR 15015.
On Tuesday, March 10, 2020, the United States Trade Representative (USTR) office released its first list of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 FR 13970.
As the impact of the coronavirus on businesses and global financial markets continues to escalate, we would like to share the steps that Noatum Logistics North America is taking to ensure continuity of our services.
Source: National Retail Federation Press Release – March 9, 2020
The coronavirus outbreak is expected to have a longer and larger impact on imports at major U.S. retail container ports than previously believed as factory shutdowns and travel restrictions in China continue to affect production, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.