As per the Federal Register, the US Trade Rep is reinstating exclusions for some tariffs from the China 301 duties. You’ll want to check the list as some items are product specific and some may be general. You can check those out at this link here. They are grouped by the China tariff/list number (9903.88.01,9903.88.02,etc) […]
Author: Lyle
They aren’t the first, and they definitely won’t be the last. In 2020, logistics giant CMA-CGM was hit. Now, in an already strained logistics system, one of the biggest has been hacked, Expeditors International. This could have some serious consequences at a time when the system is already struggling to keep up. https://www.wsj.com/articles/expeditors-international-shuts-down-computer-systems-after-cyberattack-11645566461
Here is a cool video about how many people are involved in getting a container on and off a vessel.
If you aren’t familiar with the website Marine Traffic, you might want to start using it. It allows you to get a much bigger picture of where your cargo’s vessel might be located at any given time. You can see if it’s on its way from China or if it’s finally docked in Long Beach,
Here is an interesting read from New York Times on why the supply chain is as discombobulated as it is and how it could be this way for some time. https://www.nytimes.com/2021/10/22/business/shortages-supply-chain.html
As per an article from February 4, 2021, the epic congestion that is hitting the ports of Long Beach and LA is anticipated to last until June 2021 thanks, in part, to record year imports and lower workforce due to COVID-19. In order to help combat the congestion, CMA CGM announced a direct route from
LA/LGB Port Congestion anticipated to last through June 2021Read More »
Any exclusions that have not already expired will be expiring December 31st, 2020 as of right now. With a new administration change to happen in January, there’s no telling what happens over the next few months. It’s possible the exclusions could be renewed, or hoping for the best, that the Section 301 duties are nixed
On July 23, 2020, the U.S. Trade Representative (USTR) published Federal Register (FR) Notice 85 FR 44563 on certain exclusions from the Section 301 duty related to goods from China ($300B Action – Tranche 4). This would be the HTS 9903.88.15, which is indicated on the line above your normal tariff code. These product exclusions
As of December 13th, the 15% tariffs that were supposed to take effect on December 15th (list 4B) have been suspended indefinitely. We will see if this means China and the US are coming to an agreement or if it is because many importers are fed up paying for the additional duties or the time