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News

Import Cargo Volume

Retailers Continue to Stock Up Inventory to Get Ahead of More Tariffs

Source: National Retail Federation June 7, 2019

Imports at the nation’s major retail container ports are expected to continue to grow this summer as retailers stock up inventory to get ahead of higher tariffs, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

“With a major tariff increase already announced and the possibility that tariffs could be imposed on nearly all goods and inputs from China, retailers are continuing to stock up while they can to protect their customers as much as possible against the price increases that will follow,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.

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MIQ Supply Chain Logistics

Mexico Update – New Tariffs on All Imports from Mexico Suspended

On Friday, June 7, 2019, the President of the United States announced that the proposed 5 percent Mexico tariffs would be “indefinitely suspended” as Mexico has “agreed to take strong measures” to curb the flow of Central America migrants into the United States.

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MIQ Supply Chain Logistics

China Tariffs: USTR Releases Fifth Set of Exclusions

On Thursday, May 30, 2019, the United States Trade Representative office released a fifth Notice of Product Exclusions to Section 301 List 1 products currently subject to a 25 percent tariff.

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MIQ Supply Chain Logistics

India Removed from GSP

On Friday, May 31, 2019, the President of the United States signed a Proclamation to Modify the List of Beneficiary Developing Countries which removes India from the Generalized System of Preferences (GSP) effective June 5, 2019. This action is a follow-up to the initial announcement on March 4, 2019. By statute, a 60-day notice to the U.S. Congress and India was required before the removal from GSP could become effective.

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MIQ Supply Chain Logistics

List 3 China Tariffs – Effective Date Delayed Until June 15

On Friday, May 31, 2019, the United States Trade Representative announced that they intend to publish a notice in the Federal Register that “extends the amount of time certain goods exported from China have to enter the United States before they will be subject to an additional tariff increase from 10 percent to 25 percent.”

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May 2019 Manufacturing ISM® Report

May 2019 Manufacturing ISM® Report On Business®

Source: Institute for Supply Management – June 3, 2019

Economic activity in the manufacturing sector expanded in May, and the overall economy grew for the 121st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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logistics link featured image

May 2019 Logistics Link

During the month of May 2019, MIQ was involved in a number of events throughout the logistics industry. Read industry updates, regulatory updates, and services offered by MIQ, in the May 2019 logistics link.

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MIQ Supply Chain Logistics

New Tariffs on All Imports from Mexico

On May 30, 2019, in an effort to further address illegal immigration from Mexico, the White House announced  that a 5 percent tariff will be imposed on goods from Mexico effective June 10, 2019. This action is being taken under the International Emergency Economic Powers Act of 1977. Per the announcement, the tariffs will be increased pursuant to the following schedule if Mexico does not take sufficient steps to stop illegal immigration:

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MIQ Supply Chain Logistics

Port of Vancouver, Canada Labor Situation

The International Longshore and Warehouse Union (ILWU) Canada posted on Sunday, May 26, 2019, they would take limited and targeted job action on Monday morning, May 27, 2019, at the Global Container Terminals, GCT Deltaport (Delta) and GCT Vanterm (Vancouver). The ILWU did not move forward with a full-scale strike, however, an overtime ban at the GCT Deltaport and GCT Vanterm was initiated. The ILWU Canada President, Rob Ashton, advised all ports would remain open and no picket lines would go up as contract talks continue. Please refer to the ILWU press release: https://ilwu.ca/ilwu-canada-press-release-may-26-2019/.

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MIQ Supply Chain Logistics

Turkey Updates: Removed from GSP and Tariffs Reduced on Steel

On Thursday, May 16, 2019, the President of the United States signed two proclamations that impact trade with Turkey.

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