Q2 2019 brought many updates to tariffs, regulations and more in the international trade industry. We’ve compiled a recap of all of the must-know trade updates for importers and exporters as we embark on Q3.
Customs and Border Protection (CBP) recently held their annual Customs Trade Partnership Against Terrorisam (CTPAT) Conference in San Antonio, TX, with an attendance of over 1,500 CTPAT members – from importers and exporters to Canadian and Mexican foreign manufacturers, from highway carriers and sea carriers to brokers and freight forwarders.
According to a notice issued by the Office of the United States Trade Representative last week, requests for S301 List 3 exclusions may be submitted between June 30, 2019 and September 30, 2019 through the USTR website, which will be available on June 30.
The proposed additional five percent tariffs on goods from Mexico that were set to go into effect on June 10, 2019 have been “indefinitely suspended” due to a deal between the U.S.
Under Executive Order 11888 of November 24, 1975, President Gerald Ford designated India as a beneficiary developing country for the purposes of Generalized System of Preference (GSP), an action afforded by The Trade Act of 1974.
One of the busiest travel seasons has arrived, with travelers preparing to take trips that will have them transiting through airports both domestically and internationally, as well as crossing various international borders and possibly interacting with different customs officials.
The Ocean Shipping Reform Act of 1998, which amended the Shipping Act of 1984, went into effect on May 1, 1999. This shipping act combined non-vessel operating common carriers (NVOCC) and ocean freight forwarders under one category labeled “ocean transportation intermediary” (OTI).
S232 tariffs were ruled constitutional in March of this year by the Court of International Trade. With this ruling, the S232 tariffs are expected to continue into the foreseeable future.
On Sunday, May 5, the Administration announced that List 3 of the S301 tariffs, which are currently at 10% on $200 billion of Chinese imports, will be increasing to 25% effective Friday, May 10, 2019.