Insights

Section 301 News: Trump Raises Tariffs to 30%

August 27, 2019.
Trade Publications

On August 23rd, President Trump announced that he will continue to increase tariffs on goods from China. Subsequently, the USTR announced that the tariffs currently in place will be raised to 30% effective October 1. As for lists 4A and 4B, they will now be increased to 15% effective Sept 1 and Dec 15...

Heathrow Airport Strike

August 20, 2019.
Logistics Publications

Heathrow Airport in the United Kingdom, the 19th busiest airport in the world, has been engaging in discussions to avoid a strike by its workers. With pending strikes, cancelled strikes, and several negotiations of various contingency plans ongoing since June of 2019, it is difficult to tell what actions will...

Waste Classification Plan in China

August 15, 2019.
Logistics Publications

On July 1, 2019, Shanghai, China formally implemented a garbage classification plan. Citizens are still learning the definition and requirements of dry, wet and recyclable garbage. In China, sanitary landfill or even simple landfill are main ways to dispose garbage. However, these disposal methods occupy substantial land and pollute the environment by...

Section 301 News: Some Tariffs Removed, Others Delayed

August 13, 2019.
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...

Manufacturing Exemptions & Incentives

August 12, 2019.
Tax Publications

Across the United States, sales tax regulations and exemptions are determined by each individual state. Exemptions can range from a single item being considered non-taxable to an entire transaction exemption because of how the purchase is used by a business. States look to manufacturers as a means of boosting their...

10% Tariff 100% Impact

August 01, 2019.
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...

Blockchain – The Future of Supply Chain

July 31, 2019.
Logistics Publications

In today’s world, managing the supply chain has become extremely complex. Most of the companies still use paper-based systems or traditional database management tools to manage trade and supply chain activities. Several individuals and entities are involved, but the same transaction might be available in multiple versions in...

Dubai’s DP World Acquires Canadian Terminal Fraser Surrey Docks

July 30, 2019.
Logistics Publications

A great project is in the making with steady steps towards evolution and practical implementation. DP World, one of the world’s largest port operators, said on May 9th, 2019 it has agreed to buy Canadian marine terminal Fraser Surrey Docks from a Macquarie Group fund. Fraser Surrey Docks...

Internal Audit to Meet New AEO Regulations

July 24, 2019.
Logistics Publications

China Customs Authorized Economic Operator (AEO) is a concept under the World Customs Organization (WCO) SAFE Framework of Standards to Secure and Facilitate Global Trade (SAFE Framework). It represents a Customs-to-Business partnership to enhance international supply chain security and facilitate movement of legitimate goods. In November 2018, China Customs published no. 177...

Section 301 Exclusions

July 22, 2019.
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...

12 MONTHS OF TARIFFS

July 17, 2019.
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 Update In 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....

IOT - Transforming the Logistics Industry

July 03, 2019.
Logistics Publications

In today’s fast-paced economy, the revolutionization of technology is a vital component of the logistics industry. The Internet of Things (IOT) is a device that allows for collaboration with other devices via the internet to transfer data without the need for human-to-human interaction. IOT aids in the ability...