Source: National Retail Federation Press Release – May 8, 2020
Imports at major U.S. retail container ports are expected to see double-digit year-over-year declines this spring and summer as the economic effects of the coronavirus pandemic continue, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On Friday, May 8, 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. 90 27489.
On May 1, 2020, the United States Trade Representative announced that they are considering a possible extension for up to 12 months for exclusions granted under the initial 11 List 3 product exclusion notices posted through March 26, 2020. The extension would apply to almost all exclusions issued for the $200 Billion List 3 products currently subject to a 25% tariff.
During the month of April, 2020, Noatum Logistics (formerly MIQ Logistics) was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates and announcements in the April 2020 logistics link.
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.
