Two Minutes in Trade

Extensions, Renewals, Reinstitutions, Oh My!  The USTR process for seeking exclusion from the section 301 China tariffs is very confusing. Listen today for some enlightenment!

With increased shipping and logistics costs and delays, many companies find themselves occasionally resorting to air freight, particularly to meet time sensitive customer commitments.  Companies may be surprised to know that shifting from ocean to air freight sometimes can lead to permissible duty reductions that can reduce transaction costs.

Trade Based Money Laundering is a growing problem with growing attention being paid on to how to thwart it. Learn more on today’s Two Minutes In Trade.

Despite the supply chain disruptions, US imports and the trade deficit are reaching new record highs. Listen for more on today”s Two Minutes In Trade.

A discussion draft of a bill called The Customs Modernization Act of 2021 represents the first real overhaul of the customs laws in over thirty years.  Balancing the consequences and benefits of such legislation will be critical for its eventual passage into law.

The US-EU agreement to address the steel and aluminum section 232 tariffs removes a major trade irritant. I’ll toast to that!  Listen for more on today’s Two Minutes In Trade.

China failing to meet its Phase One Agreement purchase commitments. The US criticizes China at its WTO review. Learn more on today’s Two Minutes In Trade.

Initially, USDA’s Animal and Plant Health Inspection Service (APHIS) Lacey Act declaration for pallets as well as boxes, crates and other solid wood packaging material included an overly burdensome reporting requirement.   However, with the exception of new pallets not under load, such imports now appear to be in the clear.

Fees, Fees and more fees. To add to the logistical woes of retailers and manufacturers, LA/LB ports will start charging fees for containers waiting for transport. Learn more on today’s Two Minutes In Trade.

FCC pulls the rug and authorizations from China Telecom Americas to do business in the US. Learn more on today’s Two Minutes In Trade.