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Q4 Regulatory Updates

  • Regulatory Updates

Generalized System of Preferences (“GSP”) Expires December 31, 2017 

The Generalized System of Preferences (“GSP”), first implemented on January 1, 1976, periodically expires and must be renewed by Congress to remain in effect. The most recent GSP reauthorization (H.R. 1295) expires on December 31, 2017.   Although Congress let the program lapse for two years past the previous expiration date of July 31, 2013, we are not aware of any current effort to end the program. But it nonetheless remains a possibility.

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International Trade Policy

International Trade

  • Industry News, Regulatory Updates

Presidential Authority To Regulate International Trade & Potential Impacts To NAFTA

Do you know the President’s authority as it is related to international trade and commerce? This presentation provides insight into the President’s authority according to language in the Constitution, Executive Authority per specific Trade Acts, as well as historical precedents. The presentation also reviews the current status of NAFTA and the potential impact to Regional Value Content if the trade agreement is renegotiated.

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US Unemployment Chart

Employment Situation Summary – September 2017

  • Economic News

Source: Bureau of Labor Statistics

The unemployment rate decreased by 0.2 percentage point to 4.2 percent in September, and the number of unemployed persons declined by 331,000 to 6.8 million. Both measures were down over the year.

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September 2017 Manufacturing ISM Report On Business

  • Economic News

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 100th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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US Economic Situation Manufacturing & Unemployment

U.S. Economic Snapshot – September 2017

  • Economic News

“The August gain is consistent with continuing growth in the U.S. economy for the second half of the year, which may even see a moderate pick up,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “While the economic impact of recent hurricanes is not fully reflected in the leading indicators yet, the underlying trends suggest that the current solid pace of growth should continue in the near term.”    – The Conference Board

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NRF Import Cargo Volume

Retail Imports Set New Monthly High, Yearly Record Possible

  • Global Logistics

Source: National Retail Federation

Growing imports at the nation’s major retail container ports set an all-time monthly record this summer, and 2017 is expected to reach a new yearly record, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.

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Aug 2017 Manufacturing ISM Report

August 2017 Manufacturing ISM Report On Business

  • Economic News

Source: Institute for Supply Management

Economic activity in the manufacturing sector expanded in August, and the overall economy grew for the 99th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

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U.S. Economic Snapshot

U.S. Economic Snapshot – July 2017

  • Economic News

“The U.S. LEI improved in July, suggesting the U.S. economy may experience further improvements in economic activity in the second half of the year,” said Ataman Ozyildirim, Director of Business Cycles and Growth Research at The Conference Board. “The large negative contribution from housing permits, a reversal from June, was more than offset by gains in the financial indicators, new orders and sentiment.”   – The Conference Board 

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ATA Truck Tonnage

ATA Truck Tonnage Index Rose 0.1% In July

  • North America Transportation

Source: American Trucking Associations

American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index increased 0.1% in July, following a 4.4% drop during June. In July, the index equaled 138.5 (2000=100), up from 138.4 in June.

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Manufacturing And Trade Inventories And Sales, June 2017

  • Economic News

Source: U.S. Census Bureau

Sales
The combined value of distributive trade sales and manufacturers’ shipments for June, adjusted for seasonal and
trading-day differences but not for price changes, was estimated at $1,356.8 billion, up 0.3 percent (±0.2
percent) from May 2017 and was up 4.3 percent (±0.4 percent) from June 2016.

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