February 2019 Newsletter
Global Training Center
Harmonized Tariff Schedule of United States 2019
The United States International Trade Commission (USTIC) has released the 2019 Harmonized Tariff Schedule that went into effect January 1, 2019. Click here to view 2019 version or Click here to search. Click here for information on our Tariff Classification Class for importers and exporters.
And This Year’s Award Goes To . . .
There are all kinds of annual awards: Razzies for bad films, Golden Mullets for the worst video game and the Turnip Prize for lousy art. That got me to thinking. Maybe another one’s in order, to celebrate the most embarrassing export control penalty of the year. Let’s call it the Dummies. My nomination will be hard […]
Ocean Carrier Trends: Containing capacity while remaining poised for growth
Above all, most noteworthy. Certainly, even more.
IMPORTING FLOWERS, CHOCOLATES AND JEWELRY INTO THE U.S.
Just like the mysterious influx of pumpkin shipments in October, at the start of every February there is a monumental increase in the purchase of flowers, chocolates and jewelry in the U.S
OP-ED BY COMMERCE SECRETARY WILBUR L. ROSS: TRADE RECIPROCITY NEEDED NOW
Americans live in a world where other countries impose high tariffs and non-tariff barriers to trade. U.S. exporters face enormous obstacles in foreign markets, and yet, we maintain the most free and open market of any major country in the world.
CURBS ON A.I. EXPORTS? SILICON VALLEY FEARS LOSING ITS EDGE
The Commerce Department is considering national security restrictions on artificial intelligence. Some worry they could stunt the industry in the U.S.
SAN FRANCISCO — A common belief among tech industry insiders is that Silicon Valley has dominated the internet because much of the worldwide network was designed and built by Americans.
The US reportedly wants to put automatic tariffs in place to keep China in line with any trade deal
A top priority for U.S. negotiators is to put in place an automatic tariff mechanism that would raise duties on Chinese goods if its exports to the U.S. keep rising, The New York Times reported. China has a history of not complying with its trade obligations. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert […]
Canada quietly moves to resolve steel spat with Mexico
NAFTA partner’s exports now dodge 25 per cent tariff, but another U.S. trade threat looms Finance Minister Bill Morneau has quietly reversed a controversial decision to slap a surtax on two types of Mexican steel imports. Effective Feb. 2, up to a new limit, Mexican energy tubular products (such as those used to build pipelines) […]
NAFTZ Releases Study Documenting Positive Impacts of U.S. Foreign-Trade Zones on Regional Economies
Washington, DC – An economic study by a leading research firm concludes that U.S. Foreign-Trade Zones (FTZs) have a positive impact on employment growth, wage growth, and value-added growth in American communities in which they are located, compared to similar communities without FTZs. The study, “The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities,” […]
Trump Delays a Tariff Deadline, Citing Progress in China Trade Talks
WASHINGTON — President Trump delayed his own deadline to increase tariffs on Chinese goods on Sunday as his administration continues a months long effort to persuade Beijing to make significant structural changes to its economy that have so far proved elusive. Mr. Trump, in a tweet on Sunday, said he would delay a Friday deadline […]
Changes to International Fuel Surcharges Coming in 2020
Fuel surcharges have been a topic of conversation and negotiation for carriers and shippers alike for many years. Fuel is a huge percentage of a carrier’s overall cost for operating their business, and carriers have historically utilized various fuel surcharges, from “emergency” to “interim,” in order to pass along volatility of these costs to their […]
How U.S. Bike Companies are Steering Around Trump’s China Tariffs
If you can’t move production to avoid tariffs like the companies in the story below, make sure to get the training you need to make sure you are properly classifying products and applying the correct tariff rates. Don’t take a risk, get training here. (Reuters) – U.S.-based bicycle manufacturer Kent International has found a way […]
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