Powering Performance

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Tariffs. The BUILT USA Act (H.R. 9827, introduced Sept. 25 by Rep. Golden, D-Maine) would impose a ten percent tariff on all goods and services imported into the U.S. Each subsequent calendar year this duty would increase or decrease by five percent depending on whether the U.S. maintains a trade deficit or surplus, respectively. 

Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components sold separately, with a sufficient nexus to the People’s Republic of China (PRC) or Russia.    

Dave Corn is executive vice president of Comstock and Holt and started his drawback career in 2011. He serves as co-lead for the trade in the Trade Support Network’s Drawback Working Group, leading efforts to build and transform the duty drawback program through changes to policy, business rules, regulations, and statutes. Corn also serves as the co-chair for AAEI’s Drawback and Duty Deferral Committee, as the vice chair for the NCBFAA’s Drawback Subcommittee, and represents the New York/New Jersey region as a member of the board to the NCBFAA.

As global economic sands continue to shift, and the world emerges from the impacts of the worldwide pandemic, supply chains continue to struggle to find footing. Pete Mento, commercial director, U.S. customs and compliance for DSV Air and Sea, is not surprised that the supply chain is still reeling from the pandemic.

With the USMCA officially replacing NAFTA in 2020, the automotive industry has been significantly affected by dramatic rule changes, including an increase in overall value content requirements, introduction of the Labor Value Content (LVC) requirements, and new categories and requirements for automotive parts.

In a Cargo Systems Messaging Service (CSMS) bulletin published on August 9, 2024, U.S. Customs and Border Protection (CBP) announced an updated version of the Automated Commercial Environment (ACE) Foreign Trade Zone (FTZ) Admission CBP and Trade Automated Interface Requirements (CATAIR).

Canada says it will impose a 100% tariff on imports of China-made electric vehicles (EV) after similar announcements by the US and European Union.

Cindy Allen is watching the political scene carefully, knowing that the results of the US presidential election will impact the world — and the international trade sector is certainly no exception.

Supply chain leaders are confronting an unparalleled triple threat: generative artificial intelligence (GenAI) is altering job roles; consumer expectations are shifting; and global disruptions are challenging the fabric of supply chain operations. Adding to the pace of change, by 2035, 45% of supply chains are expected to be mostly autonomous (e.g., robots in warehouses and stores, driverless forklifts and trucks, delivery drones and fully automated planning).¹ While supply chains must transform to meet these challenges, it is crucial that the supply chain workforce also keeps pace as technological progress and innovation accelerate exponentially.