On Tuesday, August 13, 2019, the United States Trade Representative (USTR) posted a press release, USTR Announces Next Steps on Proposed 10 Percent Tariff on Imports from China.
The USTR advised that a two-phased approach will be used for the implementation of the 10 percent tariff on $300 billion of China products:
On August 2, 2019, U.S. Customs and Border Protection (CBP) published a Federal Register Notice announcing that CBP is adjusting certain customs user fees pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA) for Fiscal Year 2020 in accordance with the Fixing America’s Surface Transportation Act (FAST Act) as implemented by CBP regulations.
Source: National Retail Federation Press Release, August 8, 2019
Imports at the nation’s major retail container ports are expected to continue at near-record levels this month and the remainder of the year despite a new round of tariffs on goods from China, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On Friday, August 2, 2019, the United States Trade Representative (USTR) office released its first Notice of Product Exclusions to Section 301 List 3 products currently subject to a 25% tariff. This marks the eighth round of exclusions overall.
Source: Institute for Supply Management, August 1, 2019
Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 123rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
On Friday, July 26, 2019, the United States Trade Representative (USTR) office released its first Notice of Product Exclusions to Section 301 List 2 products currently subject to a 25% tariff. This marks the seventh round of exclusions overall.
On Thursday, August 1, 2019, the president of the United States announced that a tariff of 10 percent would be placed on $300 billion worth of imports from China as part of the U.S. response to China’s unfair trade practices related to the forced transfer of American technologies and intellectual property.
On Tuesday, July 9, 2019, the United States Trade Representative (USTR) office released a sixth Notice of Product Exclusions to Section 301 List 1 products currently subject to a 25% tariff.
Source: National Retail Federation, July 10, 2019
Imports at the nation’s major retail container ports will remain at high levels this summer but are expected to grow only modestly compared with last year’s rush to bring merchandise into the country ahead of scheduled tariff increases, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
“Retailers still want to protect their customers against potential price increases that would come with any additional tariffs, but with the latest proposed tariffs on hold for now and warehouses bulging, there’s only so much they can do,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “We will still see some near-record numbers this summer, but right now no one knows whether there will be additional tariffs or not. We hope the restarted negotiations with China will result in significant reforms rather than more tariffs that tax American companies and consumers.”
Source: Institute for Supply Management, July 1, 2019
Economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 122nd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
