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.
News / Supply Chain Alerts
Flights into and out of Hong Kong have been cancelled by the Airport Authority Hong Kong due to the occupation of the airport by protestors. Per the Hong Kong International Airport website today, “Airport operations at Hong Kong International Airport (HKIA) have been seriously disrupted, all flights have been cancelled.”
HKIA, the world’s busiest cargo airport, has seen mass flight cancellations today, with all passenger flights cancelled until tomorrow morning, leading to disruptions of some cargo activities. It is inevitable that this disruption will impact freight operations, though if short-lived, its impact may be minimal.
Noatum Logistics is closely following the situation and will provide updates as received. For more information, please contact your local Noatum Logistics representative.
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.
News and weather reports (https://weather.com/storms/hurricane/) forecast that Typhoon Lekima will move from Japan’s Ryuku Islands to near or just north of Taiwan on Friday, then on to eastern China, including Shanghai, over the weekend. Typhoon Krosa remains primarily in the open waters of the Western Pacific. The Weather Channel reports:
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.
On Saturday, June 29, 2019, the White House announced that the fourth tranche of tariffs on $300 billion worth of imports from China would not be implemented as China and the United States continue to pursue a fair trade deal.
On Thursday, June 20, 2019, the United States Trade Representative (USTR) published the procedure on how to request an exclusion of particular products from the Section 301 List 3 tariffs against China starting on Sunday, June 30, 2019.