Source: Institute for Supply Management – May 1, 2020
Economic activity in the manufacturing sector contracted in April, and the overall economy contracted after 131 consecutive months of expansion, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
On Friday, April 24, 2020, the United States Trade Representative (USTR) Robert Lighthizer notified Congress that the United States-Mexico-Canada Agreement (USMCA) will enter into force on July 1, 2020.
On Friday, April 24, 2020, the United States Trade Representative (USTR) office released a new list of product exclusions to the Section 301 List 3 products currently subject to a 25% tariff in the Federal Register Notice 85 No. 80 23122.
On Monday, April 20, 2020, U.S. Customs and Border Protection (CBP) released Cargo System Messaging Service (CSMS) 42429822 announcing the “Interim Implementation Instructions” for the United States-Mexico-Canada Agreement (USMCA).
On Monday, April 20, 2020, the Secretary of the Treasury and U.S. Customs and Border Protection (CBP) announced in Cargo Systems Messaging Service 42423171 that they would be postponing for 90 calendar days the payment of duties, taxes and fees for importers experiencing a significant financial hardship due to the coronavirus (COVID-19) and that meet the specific guidelines below.
Source: National Retail Federation Press Release – April 7, 2020
Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, and imports are projected to remain significantly below normal levels through early summer as the coronavirus pandemic continues, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On Friday, February 10, 2020, the Federal Emergency Management Agency (FEMA) issued a Temporary Final Rule (TFR) on Federal Register Notice 85 No 70 FR 20195 to address the prioritization and allocation of certain scarce or threatened health and medical resources for domestic use. The intent of the rule is that the scarce or threatened personal protective equipment (PPE) materials remain in the United States for use in responding to the spread of COVID-19. The materials identified in the TFR may not be exported from the United States without explicit approval by FEMA.
Source: Institute for Supply Management – April 1, 2020 Release
Economic activity in the manufacturing sector contracted in March, and the overall economy grew for the 131st consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
On Tuesday, March 31, 2020, the United States Trade Representative (USTR) office released its third list of product exclusions to the Section 301 List 4A products currently subject to a 7.5% tariff in the Federal Register Notice 85 No 62 FR 17936.
On Thursday, March 26, 2020, U.S. Customs and Border Protection (CBP) issued Cargo Systems Messaging Service CSMS Message 42161666 advising that they are no longer accepting requests for additional days for payment which was announced in CSMS 42097586.
