The congestion that shippers are experiencing right now on the eastbound transpacific is a direct consequence of actions taken by the steamship lines throughout 2020 as they tried to manage demand and capacity through the pandemic. Unfortunately for both shippers and those same carriers, the situation has reached a critical mass that is impacting importers… Read more »
Counterfeit goods and stolen intellectual property are huge concerns in the supply chain market as e-commerce continues to expand at a breakneck pace. Because of these concerns, President Trump signed an executive order January 31st to crack down on counterfeit goods and intellectual property theft by implementing a set of criteria for customs brokers to… Read more »
After almost two years of ever-increasing tariff negotiations, the US and China have come to a preliminary “phase one” bilateral trade agreement. Key points of the agreement include agricultural exports from the US to China, intellectual property securities and both a reduction of current tariffs on the first three tranches of duties and a cancellation… Read more »
UPDATE 12.SEPT.2019 In what many hope are signs of a deescalation of the current trade war, China released a list of exemptions for their current tariffs against US imports. Fish meal, alfalfa, and lubrication oil are among the products listed for exemptions on the 25% tariffs imposed by China last year. In what he’s calling… Read more »
We have covered in multiple posts the additional duties that have been placed on steel, aluminum and solar panels from countries around the world, as well as the three separate lists of goods only from China. The first two lists were proposed and implemented with duty rates of 25%. The third list which contains far… Read more »
Effective September 24, a third set of tariffs will go into effect on $200 billion of Chinese imports. Initially the tariffs will be set at 10% through the end of the year and will rise to 25% on January 1, 2019. While 6,031 tariff lines were initially proposed, the negotiation period saw the removal of… Read more »
The US Pacific Northwest supplies 80% of domestic cherry sales and 11% of the cherries imported in China. Roughly one-third of all US grown cherries are exported overseas and accounted for $679 million in 2017. Tariffs on cherries in 2017 were 10% but after an escalating trade war with China, the tariffs hit 50% this… Read more »
On Friday, June 15th, the United States Trade Representative announced that the U.S. was moving ahead with imposing a 25% duty on list of a little over 800 different harmonized tariff items from China. Customs and Border Protection will begin collecting these duties for goods entered or withdrawn beginning July 6, 2018. Following a comment… Read more »
The commercial invoice (CI) is the record of a sales transaction and a crucial part of any import/export shipment. In a transaction, these documents record the buyer and seller’s information, detailed descriptions and quantities, trade terms, price, reference marks regarding the packaging and contents, payment arrangements, and the signature of the exporter that are agreed… Read more »
Dey Cargo adds complementary strength in project cargo, new global markets for Everglory customers. Everglory Logistics today announces our acquisition of Dey Cargo, an Atlanta-based freight forwarder. Dey Cargo provides traditional air and sea freight services that will join forces with Everglory’s market strength in the far east offering a wider global portfolio to importers and exporters…. Read more »