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Industry News

  • U.S.T.R. “LIST 2” EFFECTIVE AUGUST 23RD August 20, 2018 On August 23rd the USTR’s second list of tariff codes from China subject to an additional 25% duty will go into effect.  This list covers $16 billion in Chinese goods under 279 tariff codes.  This will bring the total annual trade value of Chinese imports subject to additional duties to $50 billion.   On July 10th, 2018, The USTR announced that due to China’s refusal to change its ...
  • IS YOUR CONTINUOUS BOND INSUFFICIENT? August 20, 2018 While importers have been focused on rising costs associated with additional tariffs most have not recognized another area that will impact their operations—increase premiums for continuous bonds.   Filings of import declarations, such as Entries and Importer Security Filings, require a bond to be posted.  The most common method is for the importer to obtain a continuous bond with an annual premium.  The value of the bond, ...
  • Miscellaneous Tariff Bill Act 2018 August 20, 2018 On July 26, 2018, the Senate unanimously passed the Miscellaneous Tariff Bill Act of 2018 (MTB).  This bill will lower or eliminate tariffs on products such as footwear, chemicals, and about 1,660 other items imported into the U.S.  The bill has now been passed by both the Senate and the House of Representatives. About half of the products on the bill are produced in China.  The ...




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