Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
Abha Bhattarai

Almost All Shoes Sold in the U.S. Are Imported- Now the Industry Is Terrified of Tariffs

Vans
Vans, the 52-year-old brand best known for its unassuming slip-on sneaker, is on a tear. Vans' annual revenue topped $3 billion last year, up nearly tenfold from a decade earlier, propelled in part by cheap and plentiful manufacturing in Asia. But looming tariffs could ground Vans and other footwear brands. Ninety-eight percent of shoes are manufactured abroad, with nearly three-quarters of those imports coming from China, according to the American Apparel & Footwear Association, making...
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Center for Automotive Research

Trade Briefing: Consumer Impact of Potential U.S. Section 232 Tariffs & Quotas on Imported Automobiles & Automotive Parts

CAR
The U.S. Department of Commerce is currently investigating whether U.S. automobiles and automotive parts constitute a national security threat under Section 232 of the Trade Expansion Act of 1962, as amended. The Center for Automotive Research (CAR) estimates that consumers will see the price of all new vehicles rise by $455 to $6,875 depending on the level of tariff or quota, where the vehicle was assembled, and whether the policy provides exemptions for automotive trade...
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Jennifer Diaz

U.S. issues additional Chinese Tariffs – Is Your Product on the List?

Product Tariff List
On June 15 , President Trump kept true to his  May 29th promise  of imposing additional tariffs against Chinese goods. The Office of the United States Trade Representative (USTR) has officially released the “ Section 301 Product List ”. The additional duties are effective on or after July 6, 2018. History We previously proved advised our readers of  President’s Trump directive is based upon the USTR Findings of the Investigation into China’s Acts, Policies, and Practices...
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Rick Chappel

Tariffs: Manufacturers are Ill-equipped for Raw Material Cost Hikes

Tariffs: Manufacturers
The import tariffs on steel and aluminum, as  confirmed  by President Trump on May 31, exacerbated worries for B2B manufacturers—and their customers. The implications for  employment  and the  economy  are significant, but most manufacturers are also grappling with practical questions, such as: How will this impact my per-unit costs? How can we effectively pass these changes on? How will customers react to an across-the-board price increase? How can we hold the line on margin erosion...
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Kenneth J. Nunnenkamp | Giovanna M. Cinelli

The Nuts and Bolts of the Steel and Aluminum 232 Matters

Steel Imports
On March 8, President Donald Trump announced that trade remedies would be imposed on steel and aluminum imports pursuant to Section 232 of the Trade Expansion Act of 1962. Section 232 allows for trade remedies when the president, acting through and on the recommendation of the Department of Commerce, finds that imports threaten the national security of the United States. Upon such a finding, the president can “adjust the imports of an article and its...
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Steve Lowery

When Pigs and Tariffs Fly

Tariff Pork Exports
China’s announcement that it would be imposing a 25 percent additional tariff on exported American pork could not have come at a worse time for the  American pork industry , coming as it does after the industry had just hit record levels in 2017, when U.S. pork exports recorded the largest year ever in volume, with sales to more than 100 countries around the world. United States pork  and pork variety meat exports totaled 5.399...
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GTC Repost

Managing Global Trade: A Look Beyond the Surface

N1801-A5W
In association with KMPG LLC, Thomson Reuters. During the recent years, global trade regulations went from a sleepy niche to a major driver of mainstream news.  In 2016, one major world power withdrew from a historic trade pact and another ditched the European Union.  Figures in many countries used protectionist rhetoric to obtain power.  The possibility of sanctions, “trade wars” and other deployments of soft power increasingly replaced calls for military might. Get The 2017...
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