EU Imposes Additional Tariffs on $4 Billion Worth of US Exports
Yesterday, the European Union (EU) announced that it will raise tariffs on $4 billion worth of goods imported from the US in response to the on-going dispute over aircraft subsidies. Beginning November 10th, the EU will impose additional 15% tariffs on large aircrafts, as well as 25% tariffs on an assortment of other goods – […]
Continue Reading »Truck Driver Shortage Lacks a Woman’s Touch
Issue Date: November 4, 2020 Quote of the Issue: “Every storm runs out of rain.” – Maya Angelou US Trucking Landscape: Truck Driver Shortage in Spotlight during Surge ShapLight Focus: Women comprise only 6% of the current truck driving labor force According to the American Transportation Research Institute, the top trucking industry concerns for 2021 and […]
Continue Reading »Trump Issues Presidential Proclamation Updating 232 Tariffs on Canadian Aluminum
On October 27, 2020, President Trump issued a Proclamation on Adjusting Imports of Aluminum into the United States, reinstating Canada’s exclusion from additional 10% duties under Section 232 on certain non-alloyed unwrought aluminum articles. As a result, HTS number 9903.85.21 is no longer required for imports of non-alloyed unwrought aluminum articles that are the product […]
Continue Reading »FTL Trucking Rates Continue to Ramp Up
Issue Date: October 14, 2020 Quote of the Issue: “There’s something to be said for sitting still and letting things clear, the way morning fog burns off the lake.” – George Witte FTL Trucking Landscape: Record Rates per Mile ShapLight Focus: In October, FTL trucking rates hit a national average of $2.44 per mile, the highest […]
Continue Reading »USTR Announces Another Round of Section 301 Exclusions for List 1 and 2 Products
On September 30th, the Office of the U.S. Trade Representative (USTR) announced its latest round of product exclusions from Section 301 Chinese tariffs. Similar to the last set of exclusions, the USTR notice features 2 separate sets of exclusions, each containing the specially prepared HTS subheadings partially excluded from Section 301 List 1 and 2 […]
Continue Reading »USTR Launches Public Comment Period on First Round of Section 301 Exclusions Extension
The office of the U.S. Trade Representative (USTR) will publish an official notice in the Federal Register later this week asking the public to submit comments on whether the first set of Section 301 List 1 exclusions, currently set to expire on December 28th, should extend an additional year. Each comment will be individually evaluated […]
Continue Reading »USTR Revokes 10% Tariffs on Certain Aluminum Imports from Canada
On September 15, the Office of the US Trade Representative (USTR) announced it will revoke the 10% tariff on imports of non-alloyed, unwrought aluminum products from Canada that originally went into effect on August 16. The decision to rescind Section 232 duties was made in light of an expected 50% decline in average monthly US […]
Continue Reading »Trump Postpones List 1, 2 and 3 Tariff Increase Until October 15th
On September 11th, President Trump announced that the U.S. will postpone the planned tariff rate increase from 25% to 30% on Section 301 List 1, 2 and 3 Chinese products, originally scheduled to take effect October 1st, until October 15th. Trump’s ‘goodwill gesture’, in honor of the People’s Republic of China’s 70th anniversary on October […]
Continue Reading »Don’t Miss the Boat – Section 301 List 3 Exclusion Process Ends September 30th
Per our previous Shap Flashes, on Sunday, June 30th, 2019, the office of the U.S. Trade Representative (USTR) announced the implementation of an electronic portal to aid in the process of filing Section 301 List 3 tariff exclusions. While the portal has been active for a couple months now, please note that all Section 301 […]
Continue Reading »USTR Seeks Comments on Proposed October 1st Increase in Section 301 Tariffs
On September 3rd, the office of the U.S. Trade Representative (USTR) released an official notice seeking public comments on Section 301 List 1, 2 and 3 tariff rate increases (from 25% to 30%) scheduled to take effect October 1st. The USTR has asked for public comments to include: Details as to whether the tariff increases […]
Continue Reading »Most Product Exclusions from Section 301 List 4A Tariffs Set to Expire on September 1
As a reminder, most of the exclusions for List 4A goods are set to expire on September 1, 2020. On August 28, 2020, the Office of the U.S. Trade Representative (USTR) announced that only eighty-seven (87) products from all eight rounds of List 4A exclusions published thus far will be granted extensions. Click here to […]
Continue Reading »USTR to Publish Official Notice Raising Section 301 List 4A and 4B Tariffs from 10% to 15%
Per our Shap Flash on August 24th, President Trump announced via Twitter that List 4A and 4B tariffs will be increased from 10% to 15% in response to the imposition of retaliatory tariffs on $75 billion worth of U.S. products exported to China. On August 30th, the office of the U.S. Trade Representative (USTR) will […]
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