Customs & Logistics News
Recent Editions
U.S.
September 06, 2018
Section 301 (China) Tariff Update
President Trump has stated he is in favor of moving ahead with the additional Section 301 tariffs as soon as the public comment period ends on September 6. Bloomberg article: https://www.bloomberg.com/news/articles/2018-08-30/trump-said-to-back-200-billion-china-tariffs-early-as-next-week
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
North American Free Trade Agreement Update
On September 5, President Trump advised Congress that the administration plans to reach a trade agreement with Mexico and potentially with Canada. The U.S. – Canada talks have restarted, Canada’s Foreign Minister Chrystia Freeland, commenting “The atmosphere today has continued to be constructive and cordial”. Major sticking points (Such as Section 232 Tariffs on steel and aluminum, dairy and Chapter 19) still exist though with Prime Minister Justin Trudeau saying that “We will not sign a deal that is bad for Canadians”. Additional detail as reported in Reuters: https://www.reuters.com/article/us-trade-nafta-canada/canada-pm-indicates-he-will-not-bend-on-key-nafta-demands-at-talks-idUSKCN1LK2M9
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
U.S. Peak Season to Test Intermodal Service
The US intermodal peak season is expected to kick into high gear in the coming weeks and shippers hope that the service will be better than earlier this year, while forecasts show volume will be greater than a year ago. Data show that demand so far has been strong in all surface transportation modes this year and there are no signs that anything will change in the final four months of 2018. As reported in the Journal of Commerce: https://www.joc.com/maritime-news/container-lines/global-container-shipping-stabilizes-just-pitfalls-deepen_20180903.html
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
Miscellaneous Tariff Bill Act of 2018 (MTB) Passed by House of Representatives
On September 4, the House of Representatives pass the MTB, which now will be sent to the president to be signed into law. Additional detail: https://www.cmtradelaw.com/2018/09/house-easily-passes-miscellaneous-tariff-bill-act-of-2018-on-voice-vote-white-house-indicates-president-will-sign/
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
Global Container Shipping Stabilizes Just as Pitfalls Deepen
Market predictions of an approaching supply-demand balance in global container shipping that will support a recent upswing in pricing are looking less certain with fresh emerging market concerts, uncertainty over the impact of tariffs and prospects for more, and a persistent oversupply of capacity. As reported in the Journal of Commerce: https://www.joc.com/maritime-news/container-lines/global-container-shipping-stabilizes-just-pitfalls-deepen_20180903.html
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
U.S. Customs Trade Symposium
U.S. Customs recently completed a Trade Symposium in Atlanta, Georgia. U.S. Customs Notice: https://www.cbp.gov/newsroom/spotlights/changing-trade-environment-generates-interest-cbp-trade-symposium
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
Canada
September 06, 2018
Possible Canada- ASEAN Free Trade Agreement (FTA)
Global Affairs Canada is seeking views of all interested Canadians on a possible FTA with the Association of Southeast Asian Nations (ASEAN), a regional bloc comprised of Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. The submission period is from September 1 until October 16. The Global Affairs Canada notice is available at the following link: http://www.international.gc.ca/trade-commerce/consultations/asean-anase/index.aspx?lang=eng
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2018 Trans American Companies.
