Typhoon Usagi Hits Southeastern AsiaTyphoon Usagi Hits Southeastern Asia
- November 26, 2018
Typhoon Usagi, which is arriving on the heels of devastating Tropical Storm Toraji, brought record breaking rain and flooding to southern Vietnamese cities this weekend and powerfully struck the port cities of Ho Chi Minh and Vung Tau. Transportation services and port operations in the region remain halted as a result of continued high winds […]
Continue Reading »Bureau of Industry and Security Seeks Public Comment on Emerging National Security TechnologyBureau of Industry and Security Seeks Public Comment on Emerging National Security Technology
- November 21, 2018
The Bureau of Industry and Security (BIS) under the Department of Commerce issued an advance notice of proposed rulemaking (ANPRM) seeking public comment on criteria for identifying emerging technologies that are essential to U.S. national security. BIS welcomes comments on: How to define emerging technology to assist identification of such technology in the future; Criteria […]
Continue Reading »Section 301 Chinese Import Audits Are Coming!Section 301 Chinese Import Audits Are Coming
- November 7, 2018
We have learned that, in the very near future, Customs and Border Protection (CBP) will begin carefully auditing imports of goods subject to Section 301 duties. As a result, importers may see an increase in the number of Requests for Information (CF 28s); these requests will be based on inconsistencies related to reclassification, changed countries […]
Continue Reading »Charleston Office Phone OutageCharleston Office Phone Outage
- November 5, 2018
Our Charleston office is currently experiencing issues with its phone system and is unable to receive incoming calls. All employees can still be reached via e-mail, or by calling the main line at 843-971-0441 and leaving a voicemail. Charleston employees are working to address all messages, but responses may be delayed. If you need immediate […]
Continue Reading »Presidential Proclamation 9813 Removes GSP Privileges for Many Products on November 1, 2018Presidential Proclamation 9813 Removes GSP Privileges for Many Products on November 1, 2018
- October 31, 2018
On October 30, 2018, President Trump issued a Presidential Proclamation which both changes some product classifications for fruit juices and removes Generalized Systems of Preferences (GSP) privileges for many products. For complete details of the products affected, please click here. These changes will go into effect on Thursday, November 1, 2018. Please reach out to our […]
Continue Reading »Procedures & Requirements for the Craft Beverage Modernization Act & Tax Reform of 2017Procedures & Requirements for the Craft Beverage Modernization Act & Tax Reform of 2017
- October 17, 2018
Customs and Border Protection released instructions for receiving reduced tax rates per the Craft Beverage Modernization Act and Tax Reform of 2017 (CBMA). For an importer to be eligible to receive a reduced tax rate or a tax credit, importers must substantiate that the foreign producer/assigning entity has designated an allotment of its reduced tax […]
Continue Reading »Implementation of the Craft Beverage Modernization ActImplementation of the Craft Beverage Modernization Act
- October 5, 2018
The moment we’ve all been waiting for is around the corner! As previously advised by the Craft Beverage Modernization Act (CBMA), reduced tax rates and/or tax credits are applicable to importations of certain limited quantities of distilled spirits, beer or wine imported from each foreign producer/assigning entity (as described in the CBMA). Further, the allocations […]
Continue Reading »U.S., Canada and Mexico Reach New Trade DealU.S., Canada and Mexico Reach New Trade Deal
- October 1, 2018
Just prior to the midnight deadline on September 30th, Canada agreed to the terms of a new trade agreement with the United States and Mexico. The new deal, which has been aptly named the United States-Mexico-Canada Agreement (USMCA), will replace the 25-year-old North American Free Trade Agreement (NAFTA). The significant components of the agreement involve dairy, […]
Continue Reading »Updates to Section 301 TariffsUpdates to Section 301 Tariffs
- October 1, 2018
As many of you may be aware, on September 21, 2018, the USTR published a Notice of Modification of Action providing for the imposition of additional import duties on a third list of Chinese products. On September 28, 2018, the USTR published a Notice of Amendment of Action announcing changes to the tariff classifications covered […]
Continue Reading »Scam Alert – Shapiro Has NOT Changed BanksShapiro Has NOT Changed Banks
- September 28, 2018
It has been brought to our attention that some of our customers are receiving spam stating that Shapiro’s bank and payment details have changed. These e-mails are quite convincing as they give the appearance of being sent from a Shapiro.com e-mail, but there is nothing authentic about these e-mails. Please note that we have NOT […]
Continue Reading »CBP User Fees to Increase on October 1st, 2018CBP User Fees to Increase
- September 24, 2018
It’s been a few months since the announcement in the Federal Register, but please remember that several user fees will increase effective October 1st, 2018. One of the most significant changes will involve merchandise processing fees (MPF). While the ad valorem rate of .3464% will remain the same, the minimum and maximums have been modified. […]
Continue Reading »USTR Releases Official List 2 Exclusion ProcessUSTR Releases Official List 2 Exclusion Process
- September 18, 2018
The office of the United States Trade Representative (USTR) officially published the List 2 exclusion process on Tuesday, September 18th. The official notice and exclusion process can be found HERE. Please take note of the following key points as they relate to the exclusion filing process: The final list of Section 301 tariffs affected by […]
Continue Reading »List 3 Tariffs on $200 Billion Worth of Chinese Imports to Take Effect on Monday, September 24thList 3 Tariffs on $200 Billion Worth of Chinese Imports to Take Effect on Monday, September 24th
- September 18, 2018
We are sorry to report that the (dreaded) day has finally arrived… In the Administration’s continued attempt to bolster U.S. manufacturing, Section 301 List 3 tariffs have been finalized—and are set to take effect next Monday, September 24th. Affected importers should expect to pay an additional 10% in tariffs through the remainder of the […]
Continue Reading »Two Powerful Storms Cause Global Supply Chain DisruptionsTwo Powerful Storms Cause Global Supply Chain Disruptions
- September 17, 2018
Typhoon Mangkhut, which just finished ravaging southern China and continues to move inland, and Hurricane Florence, which continues to be a catalyst for major flooding along the southeastern coast of the U.S., have caused major havoc on ground, sea and air transport schedules. Believe it or not, Hurricane Florence appears to be the lesser of […]
Continue Reading »Miscellaneous Tariff Bill Becomes Law and Reduces Tariffs on Nearly 1,700 ItemsMiscellaneous Tariff Bill Becomes Law and Reduces Tariffs on Nearly 1,700 Items
- September 17, 2018
The Miscellaneous Tariff Bill (MTB) became law on September 13th, 2018 and will go into effect on October 13th, 2018, following a 30-day grace period. The bill provides tariff reductions on roughly 1,700 items through 2020 and was originally proposed by the International Trade Commission (ITC) as a means of maintaining and enhancing the competitiveness […]
Continue Reading »Update on Hurricane Florence and Closing of Charleston OfficeUpdate on Hurricane Florence and Closing of Charleston Office
- September 11, 2018
Hurricane Florence is approaching! Out of concern for our team and in compliance with local instructions, the Shapiro’s Charleston office closed at 10 AM today, Tuesday, September 11th. Our Charleston employees are working remotely to address all emails, but responses may be delayed. If you need immediate assistance, please contact our Charleston Branch Manager, Chris Carlton, […]
Continue Reading »List 3 Tariffs Could go into Effect as Early as Friday, September 7thList 3 Tariffs Could go into Effect as Early as Friday, September 7th
- September 5, 2018
We are hearing from the media—and you may be as well– that tariffs on List 3 could go into effect as early as Friday, September 7th. We find this hard to believe, but feel it is important to share what we are thinking: The period for public comment on List 3 tariffs is officially ending on Thursday, September 6th. One would […]
Continue Reading »President Trump Announces the “United States–Mexico Trade Agreement”President Trump Announces the United States–Mexico Trade Agreement
- August 28, 2018
The United States Trade Representative (USTR) has released three U.S.-Mexico Trade Fact Sheets announcing that the United States and Mexico have reached a preliminary agreement, in principle, to update the 24-year-old NAFTA with modern provisions representing a 21st century, high-standard agreement. The updated agreement will support mutually beneficial trade leading to freer markets, fairer trade, […]
Continue Reading »List 2 Section 301 Duties to go into Effect on August 23rdList 2 Section 301 Duties to go into Effect on August 23rd
- August 8, 2018
On Monday, August 7th the office of the United States Trade Representatives (USTR) published its finalized second list, officially known as “List 2”, of Chinese products; these tariffs will be subject to additional duties effective August 23rd. In its final iteration, “List 2” places additional duties of 25% on $16 billion of Chinese products, spanning […]
Continue Reading »China Retaliates, No Sign of Trade War EndingChina Retaliates, No Sign of Trade War Ending
- August 6, 2018
On Friday, August 3rd, China announced that they will impose their own set of tariffs on $60 billion worth of U.S. goods if President Trump moves forward with his plan to further increase tariffs. Last week, the Trump administration announced they are considering an increased tariff rate on List 3 items from 10% additional duty […]
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