The impact of COVID-19 at major U.S. retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On April 28, 2020, the U.S. Department of Commerce, Bureau of Industry and Security (BIS) published 3 amendments to the Export Administration Regulations (EAR) which should have a significant impact on business. The three rules are specific to the export, re-export, or transfer of U.S. jurisdiction goods, software, and technology to Chinese, Russian, and Venezuelan entities including both commercial and military end-users.
NAFTA regulations will be replaced by the recently ratified United States-Mexico-Canada Agreement (USMCA) which will enter into force July 1, 2020. View the notification published by Noatum Logistics here along with CBP’s website for implementation guidelines.
During the month of May, 2020, Noatum Logistics was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the May 2020 logistics link.
Economic activity in the manufacturing sector contracted in May, and the overall economy returned to expansion after one month of contraction, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
On Thursday, May 28, 2020, the United States Trade Representative (USTR) office released a new list of product exclusions to the Section 301 List 3 products currently subject to a 25% tariff in the Federal Register Notice 85 No. 103 32094.
On Tuesday, May 19, 2020, U.S. Customs and Border Protection (CBP) announced in CSMS Message 42747527 the deployment of the new Electronic Vessel Manifest Confidentiality online application effective Friday, May 22, 2020. The enhancement will enable ocean carriers, importers, exporters, and consignees to manage their own confidentiality requests electronically on the CBP.gov webpage.
On Wednesday, May 13, 2020, the United States Trade Representative (USTR) office released its fourth list of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 No. 93 FR 28693.