​Rumors that Trump List Three Escalation to 25% Likely Friday 12:01 AM

Posted May 8, 2019
Category Company News
In the face of massive uncertainty on the status of the US/China trade negotiations, importers should be aware that the duty rate for List 3 products could go from 10% to 25%, as early as 12:01 AM Friday. Also, a "List 4" may be announced covering the remaining products from China not yet addressed in Lists 1 – 3. A "List 4" process would be similar to the notice and comment process for Lists 1-3. The options available to minimize the List 3 impact would be: 1) pre-clear inbound goods that will arrive by Thursday night (goods must be within…

Read More »

NAFTA Re-Branded as Canada Joins Pact With U.S. & Mexico

President Donald Trump is set to sign a successor to the North American Free Trade Agreement that will make modest revisions to a deal he once called a “disaster,” easing uncertainty for companies reliant on tariff-free commerce.   U.S. and Canadian negotiators worked around the clock this weekend to secure an agreement just before a Sunday midnight deadline, allowing leaders from those nations and Mexico to sign the accord by late November. The 24-year-old Nafta will now be superseded by the U.S.-Mexico-Canada Agreement, or USMCA, covering a region that trades more than $1 trillion annually.   “It is a great…

Read More »