Ascent Global Logistics Blog

January 17, 2020

Tariffs on Section 301 List 4A Goods to Lower on February 14, 2020

On January 16, 2020, the United States Trade Representative (USTR) announced the reduction of the additional tariff on Section 301 List 4A goods from 15 percent to 7.5 percent, beginning at 12:01 AM on February 14, 2020.

January 16, 2020

USMCA Passed; Phase One Trade Agreement Signed

Phase One Trade Agreement Signed

In a historic moment, a Phase One Trade Agreement was signed on January 15, 2020, between China and the United States, shining a positive light on the ongoing trade war between the two economic powerhouses.

January 9, 2020

How to Navigate International Shipping This Chinese New Year

This year, the Chinese New Year (CNY) holiday is starting early and will occur from January 24 through January 30. It’s not surprising that as the world’s number one exporter celebrates its major holiday, shipping delays can be expected, in some cases, even weeks after the holiday ends.

December 18, 2019

What’s the Next Move in the Tariff Game?

Each week, the trade community watches the giant chess match between China and the United States, seeing who will make the next move, who will potentially “win” the match or if the game will end in a draw.

November 13, 2019

How Tariffs Could Impact Import Volumes and Gift Prices This Holiday Season

If you are one of the many shoppers looking for deals this holiday season, prices may be higher than expected due to new tariffs on imported goods. These tariffs are likely to impact both import shipping volumes and prices of goods throughout this holiday season.

October 24, 2019

USTR to Begin Accepting List 4 Tariff Exclusion Requests on October 31

The USTR (United States Trade Representative) has announced that on October 31, 2019, it will begin to accept tariff exclusion requests for Chinese imports that are subject to an additional 15 percent tariff (List 4), which went into effect on September 1, 2019. 

October 18, 2019

$7.5 Billion in U.S. Tariffs Enacted Today on Specialty Foods From The EU

U.S. tariffs totaling to $7.5 billion will be enacted on the European Union today. Producers of specialty food products such as Italian Parmesan, French wine and Spanish olives have been put on the bargaining table as recompense for the illegal EU Airbus subsidies reported earlier this month.

October 15, 2019

Trade Negotiations with Turkey Halted: Steel Tariffs Raised to 50%

The U.S. administration has halted trade negotiations and doubled Turkish steel tariffs in response to Turkey’s advance into Syria on Monday, October 14. The proposed $100 billion trade deal with the country is on hold due to the advance.

October 9, 2019

Miscellaneous Tariff Bill Portal Opening October 11

The current Miscellaneous Trade Bill (MTB) (H.R. 4318) is in place through December 31, 2020. However, the USITC is opening the new MTB Portal this Friday, October 11, 2019 to allow U.S.