Industry News

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Industry News

  • Filing Product Exclusions on Imports of Steel or Aluminum November 14, 2018 The Department of Commerce (DOC) published the process to submit requests for duty exclusions of Imports of Steel and Aluminum under Section 232 of the Trade Expansion Act of 1962.   If an Importer of record receives an approved product exclusion from the DOC, they must provide the company’s name, address and importer of record number, and the associated product exclusion number to Customs & Border Protection ...
  • Chinese Yuan and U.S. Tariffs November 8, 2018 The Chinese Yuan has declined in value against the U.S. dollar during the course of the Summer and other than a two-day gain of roughly 1.2% that came after reports of a potential meeting between President Trump and China’s President Xi Jinping the value continues to decline. While the reasons for the decline are complex, the net effect is to erase much of the ...
  • Trans-Pacific Freight Rates November 8, 2018 Ocean carriers reduced space from Asia to the U.S. during the summer. Three weekly sailings to the West Coast and one to the East Coast were suspended. (Carriers are granted anti-trust immunity permitting them to collaborate on rates and space). The effect was to substantially reduce available space and drive up rates. Spot rates have been experienced an unusually long high ...




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