The Office of the U.S. Trade Representative (USTR) has determined the 2023 trade surpluses for sugar, syrup goods, and sugar-containing products from its Free-Trade Agreement (FTA) partner countries. The level of a country’s trade surplus in these goods in 2021 helped determine whether the USTR granted duty-free status or preferential [...]
High inflation has been one of the top stories of 2022, and its impact has been felt around the world. Inflation is a measure of how much things cost. Increases in transportation costs, wages, fees, and raw materials drive up supply chain costs, which in turn drives up the cost [...]
The U.S. Customs and Border Protection (CBP) has announced that annual user fee for the Customs Broker Permit held by customs brokers is due no later than Feb. 24, 2023. The amount due for the 2023 calendar year is $163.71 (up from $153.19.) The fee is assessed for each permit [...]
What were the major trends in export controls, trade sanctions, customs compliance, and import requirements in the U.S. and around the world? Check out the series of videos posted by global law firm Baker McKenzie. The videos were recorded across three days and feature the firm’s top international trade compliance [...]
A new report recommends that Section 337 of the 1930 Tariff Act should be expanded to better address what many feel are China’s unfair trade practices when it comes to competition with domestic U.S. products. The report argues that the hefty tariffs introduced on Chinese imports under Section 301 are [...]
As the world continues to recover from the effects of the COVID-19 pandemic, supply chain issues are causing widespread product shortages in a variety of different industries. Logistics company ZhenHub has published a report that examines notable product shortages in 2022, major factors behind product shortages, and the impact of [...]
The U.S. Government has announced several initiatives in support of the Green Shipping Challenge, which encourages governments, ports, and companies to commit to transitioning to more environmentally sustainable methods of shipping to reduce greenhouse gas emissions. The Green Shipping Challenge was organized by the U.S. and Norway as part of [...]
The Agricultural Marketing Service (AMS) is amending the Cotton Board Rules and Regulations, increasing the value assigned to imported cotton to calculate supplemental assessments. The assessed value of imported cotton will rise from $0.011136 per kg to $0.013215 per kg, which is an increase of an increase of $0.002079 per [...]
Starting Nov. 15 you’ll have your chance to give feedback on the effectiveness of the Section 301 tariffs on Chinese imports that were introduced by the U.S. government in 2017. The Section 301 tariffs were introduced after the Office of the United States Trade Representative (USTR) concluded that the amount [...]
A nationwide shortage of available parking for commercial trucks is creating safety issues and negatively affecting the supply chain, according to a statement released by the American Trucking Association (ATA). The ATA’s Law Enforcement Advisory Board (LEAB) sent a letter to all 50 governors and state departments of transportation urging [...]
