U.S. President Announces Increase in Section 301 Tariffs on Chinese Imports

May 6, 2019 A reminder that on April 17, 2019, U.S. President Trump announced, via social media, his intent to increase Section 301 tariffs on Chinese imports currently being assessed 10% Section 301 duties. The new tariff rate would be 25%. Subject to clarification from the U.S. Trade Representative (USTR), this immediate increase to 25%…

Transpacific Eastbound Update

Source: JoC “China trade tariffs drove an early start to the ocean trans-Pacific peak season, but with the latest tranche of China trade tariffs increasing to 25 percent on Jan. 1, demand remains high. The pending tariffs generated a front-loading of holiday season merchandise in late summer and early autumn. Now, the specter of 25…

U.S. and Mexico Announce Broad Agreement on NAFTA Changes

Both the U.S. and Mexican governments recently announced agreement on broad changes to the existing North American Free Trade Agreement (NAFTA) framework. Specific areas of agreement between the two countries include: Mexican De Minimis Threshold Increases: Mexico will increase its De Minimis value to US$100 from US$50 allowing these shipments to enter without duties or…