In joint statements on March 4 and March 5, 2021, the United States, United Kingdom, and European Union all agreed to a four-month mutual suspension of tariffs related to the World Trade Organization (WTO) aircraft dispute. The suspension will cover
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Source: National Retail Federation Press Release – March 8, 2021 Imports at the nation’s largest retail container ports are expected to grow dramatically during the first half of 2021 as increased vaccination and continued in-store safety measures enable additional shopping
The erosion of ocean carrier schedule reliability is one of the glaring by-products of the pandemic induced port congestion. In January, global container vessel schedule reliability fell to 34.9%, the lowest ever recorded, and down 33.5% year over year. The
On Monday, March 1, 2021, the United States Trade Representative (USTR) office released President Biden’s 2021 Trade Agenda and 2020 Annual Report. According to the USTR Press Release, “The President’s agenda will create millions of good-paying jobs and support
The Generalized System of Preferences Program (GSP) expired on December 31, 2020, as Congress failed to reach a deal before the end of the year that would have extended the GSP program. There were bills in both the Senate
U.S. Customs and Border Protection (CBP) released on their website the Xinjiang Uyghur Autonomous Region WRO Frequently Asked Questions (FAQ). This is to help answer the many questions asked since the issuance of the Withhold Release Order (WRO) for cotton, cotton
The sustained surge of U.S. containerized imports from Asia, which began eight months ago, continues unabated and is anticipated to persist well into the spring, being further exacerbated by the pre-Lunar New Year cargo rush experienced at origin ports in
Source: National Retail Federation Press Release – February 8, 2021 Following a record year during 2020, imports at the nation’s largest retail container ports are expected to set new monthly records from now into the summer as the nation’s economy
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