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.
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China Rolls Out Measures to Ease Import and Export Restrictions

China
By Weida Li China rolled out measures to further its opening-up policy and boost trade at a Li Keqiang-chaired executive meeting of the State Council in Beijing on Tuesday. In order to maintain steady growth in both the import and export sectors, China will advance trade facilitation by shortening its customs clearance times, reducing the costs involved and minimising the documents required. In addition, companies will be able to get customs clearance documents processed online...
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How Trump Split Mexico and Canada in NAFTA Talks

NAFTA
MEXICO CITY (Reuters) - A day after winning the Mexican presidential election, Andres Manuel Lopez Obrador took a congratulatory call from U.S. President Donald Trump. But Trump had something more important on his mind: Would Mexico’s new president consider a bilateral trade deal? Lopez Obrador responded he would be “open to the possibility” in the absence of a trilateral agreement that also included Canada, said Hector Vasconcelos, a foreign policy advisor to Lopez Obrador’s campaign...
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U.S. Import Prices Post Largest Drop in More Than One and A Half Years

Prices
WASHINGTON (Reuters) - U.S. import prices recorded their biggest drop in more than 1-1/2 years in August amid declines in the cost of fuels and a range of other goods, suggesting a strong dollar was curbing imported inflation pressures. The Labor Department said on Friday import prices fell 0.6 percent last month. That was the largest decline since January 2016 and followed a downwardly revised 0.1 percent dip in July. Import prices were previously reported...
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U.S., Mexico reach NAFTA deal, turn up pressure on Canada

U.S., Mexico reach NAFTA deal, turn up pressure on Canada
  WASHINGTON (Reuters) - The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact.  Auto stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal and ease the economic uncertainty caused by...
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USTR Finalizes Second Tranche of Tariffs on Chinese Products in Response to China’s Unfair Trade Practices

USTR Finalizes Second Tranche of Tariffs on Chinese Products in Response to China’s Unfair Trade Practices
Washington, DC (USTR.GOV) – The Office of the United States Trade Representative (USTR) released a list of approximately $16 billion worth of imports from China that will be subject to a 25 percent additional tariff as part of the U.S. response to China’s unfair trade practices related to the forced transfer of American technology and intellectual property.  This second tranche of additional tariffs under Section 301 follows the first tranche of tariffs on approximately $34...
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Automated Compliance: Allied's Stock-in-Trade

G18N-Aug-AUTOCOMP-W
Written by By Jennifer Baljko | INBOUND LOGISTICS  Automating global trade compliance helps electronics component distributor Allied Electronics & Automation nail its screen test. Companies in the import/export business dread the day when a customs official knocks on the door and questions their shipping policies. That day came for distributor Allied Electronics & Automation a few years ago. Allied stocks about 150,000 electronics, automation, and electromechanical products at its Fort Worth, Texas, distribution center. Its core portfolio...
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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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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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Site Selection/Ports Update: Rising Economic Tide Boosts North American Ports

ports
By Derik Andreoli, Director of Economic Analysis and Forecasting, Mercator International The logistics landscape is ever-evolving as shippers adopt new supply chain strategies and adapt to diverse and variable market pressures.  Ports , too, are adapting to succeed in today’s changing market and rise to the challenges associated with the rapid upsizing of container ships (see sidebar). And in this global and expanding e-commerce world, the choice of where shippers locate  distribution center (DC)  operations...
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Niall McCarthy

Where Fireworks Are From In the US [Infographic]

fireworks
For people aiming to "buy American" for Independence Day this year, it might prove difficult to obtain U.S.-manufactured fireworks. Most of the bottle rockets, roman candles and other fireworks on sale across the country trace their origin to  China . Last year, China accounted for nearly 96 percent of total U.S. fireworks imports, amounting to approximately $268 million, according to  website ValuePenguin .  Given that there are almost  14,000 fireworks displays  every 4th of July,...
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Cuba-U.S. Relations: The Rapprochement Slows Down

Cuba
Written by Alejandro E. Moreno | Sheppard, Mullin, Richter & Hampton LLP Soon after Fidel Castro overthrew the government of Cuba to found a communist state in 1959, Cuba began nationalizing U.S-owned properties in Cuba. In response, the U.S. implemented trade restrictions, closed its embassy in Havana, broke official diplomatic relations with Cuba, and attempted to overthrow the Cuban government. The U.S. also declared a trade embargo on Cuba in 1960, which severely hampered the...
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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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U.S. Imports Of Fresh-cut Flowers

IMPORT FLOWERS
U.S. imports of Fresh-cut flowers increased 5 percent from $1.05 billion to $1.1 billion through the first 11 months of 2017 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data. The category ranked 279 through November among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 271 for the last full year with a total value of $1.13 billion, a...
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Chocolate Exporters by Country

CHOCOLATE EXPORT
Global sales from chocolate exports by country amounted to US$26.4 billion in 2016. Overall, the value of chocolate exports were up by an average 10.6% for all exporting countries since 2012 when chocolate shipments were valued at $23.9 billion. Year over year, the value of exported chocolate increased by 2.8% from 2012 to 2016. Among continents, European countries accounted for the highest dollar in chocolate exports during 2016 with shipments amounting to $19.3 billion or...
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KPMG

NAFTA Insights

Wnorthamerica
Since the last NAFTA Insights, there have been comments via social media about the potential for US withdrawal from the Agreement and scrutiny of dispute resolution mechanisms, labor standards and local content rules. With Eurasia Group providing the latest developments from Round 2 of the NAFTA renegotiations, this edition considers whether the US President can withdraw from NAFTA – and the ‘all bets are off’ scenario that you should build into your business planning. On...
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Lawrence M. Friedman

GSP and Sets

Wgsp
Here's a question. Assume pots and pans from Thailand individually qualify for duty-free entry into the United States under the Generalized System of Preferences ("GSP"). That means they have 35% of their value derived from Thai-origin materials or costs and are shipped directly from Thailand to the U.S. So far, so good. Now assume that glass lids for the pots and pans are added to the imported goods and those lids are from China, which...
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