Get a free consultation now!
Sadie Keljikian, Express Trade Capital Per last week’s announcement, the White House has raised existing tariffs on $200B worth of Chinese imports from 10% to 25% and is now threatening new tariffs of up to 25% on an additional $300B worth of Chinese imports as part of its ongoing trade war with China. The latest list targets a wide variety of goods, including apparel,…
Business owners who rely on China’s abundant manufacturing facilities and low production costs may be in for a massive challenge. The ongoing trade war the US government has waged with China may not end by March, meaning more potential tariffs…
Results of a GSP review have just been published as Presidential Proclamation 9813. This announcement lists changes to select products and countries. The GSP status of these identified articles is effective for goods entering on/after November 1, 2018. If you…
Sam Permutt, Express Trade Capital A back-to-back letter of credit (LC) is a common, but often overlooked, form of trade financing. In a typical back-to-back LC scenario, an intermediary trading company receives an inbound LC from the buyer’s (applicant’s) bank…
Sadie Keljikian, Express Trade Capital President Trump’s promised trade war has begun and it doesn’t look like there will be any winners. Earlier this year, Trump imposed a series of new import tariffs on goods made outside the US, particularly…
Sadie Keljikian, Express Trade Capital The following is an update on recent tariff adjustments on steel, aluminum, and Chinese-made products. Steel and Aluminum Products: Several Presidential Proclamations signed in March 2018 have collectively implemented Section 232 of the Trade Expansion…
Sadie Keljikian, Express Trade Capital An explosion and subsequent fire broke out at the Yantian Container Terminal on the evening of November 10th. The fire was said to be highly destructive, burning at least one container, assumed to be full…
Sadie Keljikian, Express Trade Capital The shipping and logistics industry is constantly evolving. With the changing landscape of domestic and international trade, consumers’ varied and shifting priorities, and the breakneck pace of new technological developments, it can be difficult to…
Peter Stern, Express Trade Capital Harmful invasive pests and pathogens are found in the solid wood packing material (SWPM) that accompanies shipments in international trade. Wooden pallets, crating, and dunnage can harbor environmentally and economically harmful species that use the…
Peter Stern, Express Trade Capital CBP informed the trade community today of anticipated trade interruption due to Hurricane Irma. At this time planning is centered on potential impact to southern Florida ports. CBP issued CSMS 17-000540 yesterday with the same basic instructions…