Trade Publications


Section 301 News: Some Tariffs Removed, Others Delayed

Posted on August 13, 2019. Category: Trade Publications

On August 13th, the USTR announced certain items were being removed from the newest China Tariff List (List 4).  These products are being removed from the list based on health, safety, national security and other factors and will not face the additional tariffs of 10 percent. The specific items have not yet been identified.Additionally, it was announced that other items including cell phones, laptops, gaming consoles, computer monitors, certain footwear, and clothing would have their additional tariffs delayed until December 15th.These changes will be published in the Federal Register as soon as possible.If you would like more information... Read More

10% Tariff 100% Impact

Posted on August 01, 2019. Category: Trade Publications

On August 1st around 1:30 pm, President Donald J. Trump tweeted that List 4 will go into effect beginning September 1st, 2019.What was originally proposed at 25% will now be implemented at 10%. The push to move forward with implementing list 4 comes at the close of the latest trade talks which took place in China early this week.As a result of failed promises regarding the large purchase of U.S agricultural goods in addition to the continued sale of Fentanyl, the Trump administration has decided to move forward with the list.Trade talks are scheduled to continue with the Chinese Government at the... Read More

Section 301 Exclusions

Posted on July 22, 2019. Category: Trade Publications

As of July 6th, 2019, the Federal Register listed additional exclusions for the 301 tariffs as issued by the U.S Trade Representatives Office. The lists cover 362 separate exclusions, correlating to 117 unique HTS codes.  Refunds can be collected for goods previously entered for consumption or withdrawn from warehouse for consumption on or after 12.01am EST on July 6th,2018. All exclusions will apply for one year after the Federal Register Notice was published.HTS codes included on the exclusions list are exempt from the additional tariffs moving forward. Special provisions are to be claimed upon entry. CLICK HERE TO SEE EXCLUDED HTS... Read More

12 MONTHS OF TARIFFS

Posted on July 17, 2019. Category: Trade Publications

Over a year after Section 301 and Section 232 tariffs were introduced, changes, mainly increases, in the tariffs are still being introduced and discussed regularly.Section 301 UpdateIn early May 2019, President Trump released a series of tweets threatening significant tariff hikes that would go into effect later that week on May 10th, 2019. Trump indicated in his tweet that he was unsatisfied with the speed of the trade talks with China saying, “The Trade Deal with China continues, but too slowly.” After a setback in trade negotiations, the existing 10% tariff on List 3 goods increased to 25%. This increase affected products with a... Read More

Section 301 News: List 4 Suspended

Posted on July 01, 2019. Category: Trade Publications

President Trump announced on June 29 that he will hold off on imposing additional tariffs on goods from China. As a result, for the time being, the items on list 4 will not face any additional customs duties.As the U.S. and China continue to work towards a permanent solution, this could be the start to a downturn in trade hostilities between the two. With list 4 representing approximately $300 billion in import value, U.S. importers and U.S. consumers should see a considerable benefit to the suspension of these additional duties.In other section 301 news, as of June 30th companies who... Read More

100% Entry Audit

Posted on June 14, 2019. Category: Trade Publications

Allyn’s proprietary GTM software (CIMS™) offers industry leading solutions that facilitate maximized compliance and efficiency. One key solution is the Entry Audit Module, which offers an electronic comprehensive audit of all customs entries.100% entry audit offers a way to increase compliance rates and greatly reduce risk. This industry best practice ensures the correct entry of all imports and promotes increased visibility and access to entry data and documents. The available documents and data improve operational capabilities and allow for trade data analysis on a strategic level.Additionally, scorecards and dashboards are available for measuring broker and importer... Read More

"Systems are Currently Down"

Posted on June 10, 2019. Category: Logistics PublicationsTax PublicationsTrade Publications

“Systems are currently down” is a common phrase. You might have seen or heard it before, maybe when ordering online or trying to get an ice cream at the drive-through. For many years, companies only had physical threats to worry about. However, new threats are always emerging. If a company is not taking preemptive measures it could end like the following companies:Yahoo says all three billion accounts hacked in 2013 data theft Marriott Data Breach Is Traced to Chinese Hackers as U.S. Readies Crackdown on Beijing Target customers' card data said to be at risk after store... Read More

Deal With Mexico Suspends Tariff Hikes

Posted on June 10, 2019. Category: Trade Publications

On Saturday June 9th, U.S. President Donald Trump announced that the much-anticipated tariffs on imports from Mexico, set to be begin on June 10th, would be indefinitely suspended.The suspension occurs after the United States and Mexico announced a new agreement on immigration. And while few details on the agreement have been release, the suspension of the tariffs is welcoming news for U.S. importers and consumers. Had an agreement not been reached, tariffs would have started at 5% and increased monthly until they hit 25% in October 2019. U.S. companies would have felt the impact of these tariffs, as... Read More

New USA Import Tariffs for Mexico will begin June 10, 2019

Posted on June 07, 2019. Category: Trade Publications

On May 30, 2019 President Donald Trump issued a statement declaring that there will be a 5% Tariff on all goods imported from Mexico, starting June 10, 2019. The president has stated that if the immigration crisis persists and the Mexican government does not act to limit the amount of nondocumented immigrants entering the USA then he will raise the tariff to 10 % on July 1, 2019. The tariff is set to increase to 15% on August 1, 2019 then to 20% on September 1, 2019, and to 25% on October 1, 2019. After October 1st the tariff will stay at 25%. (White House Press, 2019)How might this affect the entry process into the US?As seen... Read More

The Belt and Road Forum Aims for a Better World

Posted on June 07, 2019. Category: Logistics PublicationsTrade Publications

The Second Belt and Road Summit forum was held in Beijing to discuss Chinese President Xi Jinping’s signature infrastructure project that began in 2013 to rebuild ancient trading routes across Eurasia.When Xi Jinping visited Central Asia and Southeast in September and October of 2013, he raised the initiative of jointly building the Silk Road Economic Belt and the 21st Century Maritime Silk Road (hereinafter referred to as the BRI), which have attracted close attention from all over the world. The Belt and Road forum aims to promote the connection between Asian, European and African continents and their adjacent areas.... Read More

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