On Friday, October 11, 2019, the United States Administration announced a Phase 1 interim deal with China. The Phase 1 deal with China will require China to purchase U.S. agricultural products and set a currency standard for the China renminbi. It will also strengthen protections of U.S. intellectual property rights and provide access to Chinese markets for U.S. financial services firms. The United States will suspend the increase in tariffs from 25% to 30% on $250 billion worth of Chinese imports which was scheduled to take effect on October 15, 2019.
News
Source: National Retail Federation Press Release October 9, 2019
Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month, just before more tariffs take effect in December, according to the Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
On Wednesday, October 2, 2019, the United States Trade Representative (USTR) office issued a press release in response to a World Trade Organization (WTO) finding that $7.5 billion in subsidies provided to Airbus by the European Union (EU) have “seriously injured” the United States (U.S.) aerospace industry. As a result of the findings, the U.S. will place WTO-approved tariffs on EU goods.
On Friday, September 27, 2019, the United States Trade Representative (USTR) office released two notices of product exclusions to the Section 301 List 1 and 2 products currently subject to a 25% tariff as follows:
Source: Institute for Supply Management October 1, 2019
Economic activity in the manufacturing sector contracted in September, and the overall economy grew for the 125th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
During the month of September 2019, Noatum Logistics (formerly MIQ Logistics) was involved in a number of events throughout the logistics industry. Read about industry updates, regulatory updates, a case study, events, and careers at Noatum Logistics in the September 2019 logistics link.
On Tuesday, September 17, 2019, the United States Trade Representative (USTR) office released three notices of product exclusions to the Section 301 List 1-3 products currently subject to a 25% tariff as follows:
The Noatum Logistics USA Houston office, located at 8575 Volta Dr, Suite 400, Humble, TX, re-opened today, Friday, September 20. The office is operating with a limited staff.
Clients should continue to expect delays due to flooding and power outages in surrounding areas resulting from Tropical Depression Imelda.
For more information, please contact your local Noatum Logistics USA representative.
Due to the severe flooding and power outages resulting from Tropical Depression Imelda, the Noatum Logistics USA Houston office located at 8575 Volta Dr, Suite 400, Humble, TX 77338 is closed today, Thursday, September 19. Clients should expect delays due to the storm.
At this time, we are planning to re-open the Houston office as soon as weather conditions permit. We are closely monitoring the situation and will provide updates as necessary in the News and Expertise section on our website homepage.
For more information, please contact your local Noatum Logistics USA representative.
On Wednesday, September 11, 2019, the president of the United States announced that “as a gesture of good will” the United States will delay the 5% increase in tariffs on $250 billion worth of Chinese imports originally scheduled for October 1, 2019. The increase is now scheduled for October 15, 2019.
Page 29 of 122
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122