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Importers are experiencing large increases in their annual customs bond amounts due to the sanctions that have been implemented on their products. Generally, bond amounts are calculated at 10% of the total amount of duty, taxes and fees paid in
On Thursday, May 9, 2019, the United States Trade Representative (USTR) released a fourth Notice of Product Exclusions to Section 301 List 1 products currently subject to a 25 percent tariff.
Source: National Retail Federation May 9, 2019 With retail sales rising and President Trump saying he plans to both increase and broaden tariffs on goods from China, imports at the nation’s major retail container ports are expected to see unusually
On Thursday, May 9, 2019, the Federal Register published a Notice of Modification of Section 301 Action by the United States Trade Representative (USTR) office increasing the rate of the additional duty from 10 percent to 25 percent on
This effort is part of the company’s diversification process which includes the creation of a network of its own warehouses The facilities hold the necessary Temporary Storage, Private Customs Warehouse and Bonded Warehouse certifications and offer logistic storage and distribution services
On Sunday, May 5, 2019, the President of the United States threatened to move forward with increasing the List 3 China Tariffs from 10% to 25% on $200 billion in imports from China, effective Friday, May 10, 2019. This is
Source: Institute for Supply Management – May 1, 2019 Economic activity in the manufacturing sector expanded in April, and the overall economy grew for the 120th consecutive month, say the nations supply executives in the latest Manufacturing ISM® Report On
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