The dream of a modern-day seaport planner is to be handed a greenfield site for which she can design a state-of-the-art container-handling terminal from the ground up. But that’s rarely the case at major port facilities today.
USTR Opens Section 301 Tariff Exclusion Process for Certain Machinery from China Used in Domestic Manufacturing
On October 15, 2024, the Office of the United States Trade Representative (USTR) announced that it has opened a process for interested parties to request that certain machinery from China be temporarily excluded from Section 301 duties in the “Investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation”. Upon concluding its statutorily-mandated four-year review of the China Section 301 tariffs, President Joseph Biden directed the USTR to establish a product exclusion process for machinery from China used in domestic manufacturing and to prioritize exclusions for certain solar manufacturing equipment from China.
We’re excited to announce that our ACE Export/Import Reporting Demonstrations training is now available in a convenient virtual format, making it accessible for everyone, anywhere. Join us online to experience the same in-depth, hands-on demonstrations of ACE reporting processes, with the added flexibility to attend from your location. Don’t miss this opportunity to enhance your skills and stay compliant with ease—register today!
Don’t Miss the 2024 North American Customs and Trade Town Hall – Featuring The Trade Guys!
Are you ready to dive into the hot topic of fair trade and how it impacts your business? Join us at the 2024 North American Customs and Trade Town Hall on November 7, 2024, in Livonia, Michigan for an exclusive opportunity to explore this and more with industry experts.
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Early registration (and pricing) ends in a few days...register by 10/14 to get our best rate for this year's North American Customs and Trade Town Hall!
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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.
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Commerce Announces Proposed Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats
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.
Read MoreDave Corn: ‘Auto Companies Should Continually Examine How to Increase Drawback Returns”
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.
Read MoreAs 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.
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