On Thursday, December 19, 2019, U.S. Customs and Border Protection (CBP) issued an update on the new Minimum Security Criteria (MSC) in CSMS Message 41052241. The message is addressed to CTPAT members and provides important information on the effective date for the MSC, along with how to find the new requirements and when you can update your profile with the new information.
News
On Tuesday, December 17, 2019, 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 84 FR 69012.
On December 10, 2019, a revised version of the USMCA was agreed upon and signed by the United States, Mexico and Canada. The USMCA, which is set to modernize the North American Free Trade Agreement (NAFTA), was initially agreed upon and signed in 2018. USMCA updates provisions on agriculture, automobiles, textiles, apparel, rules of origin, communications technology, intellectual property rights, low-value shipments, digital trade, currency and other issues.
On Friday, December 13, 2019, the United States Trade Representative (USTR) announced a Phase 1 Trade Agreement with China. This enforceable agreement requires structural reforms to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange.
As we continue our transition to Noatum Logistics USA from MIQ Logistics, we’d like to update you on some upcoming format changes to our Supply Chain Alert and Logistics Link messages. The changes will be implemented with your next alert and monthly logistics link communications.
Source: National Retail Federation Press Release – December 9, 2019
Volume at the nation’s major container ports bumped up significantly in November as retailers imported merchandise ahead of new tariffs set to take effect this month, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
Reminder: On December 15, 2019, the China List 4B Tariffs will go into effect at 15%. These tariffs were first posted in the Federal Register Notice 84 FR 43304 dated August 20, 2019. This list was modified on August 30, 2019, in Federal Register Notice 84 FR 45821 increasing the tariff rate to 15% from 10%. List 4B includes products such as cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing.
On Friday, November 29, 2019, 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 84 FR 65882.
Source: Institute for Supply Management – December 2, 2019 Release
Economic activity in the manufacturing sector contracted in November, and the overall economy grew for the 127th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
During the month of November 2019, Noatum Logistics (formerly MIQ Logistics) was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates, high tech consumer electronics, and careers at Noatum Logistics in the November 2019 logistics link.
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