Tariff update 31st Dec 2020

The Trump administration has just announced additional tariffs from the EU in retaliation for the long-running dispute over aircraft subsidies. The U.S. Trade Representative’s (USTR) office said on Wednesday that it was targeting more European products because the EU used a time period that affected “substantially more products than would have been covered”. The official […]

12/23/20 Freight Updates

Shipping delays, Shipping delays, along with increased shipments, Covid related staffing problems, container availability problems, port and trucking issues are combining to make the end of 2020 a logistics nightmare.  The industry is now predicting these problems will persist through Q1 2021. We recommend that, for planning purposes, you allow an extra 3 – 4 […]

2021 CBMA update

  Congress passed a permanent extension of CBMA. The current rules will be in place for the next two years, 2021 and 2022. For 2023 and beyond, the current plan is to change the way in which the act is implemented, and importers will pay the pre-CBMA tax rates at time of entry. We need […]

December 2020 Newsletter + Weekly Update

CBMA- will tax cuts be renewed?  Until the 2021 Budget is finalized, the future of CBMA is still uncertain. Here are some possibilities; the current CBMA program could be: modified to a general tax reduction given a one-year continuance discontinued all together In any case, start working with your suppliers to get letters for 2021.  Understand […]

Weekly Update Week 50: Dec 7th – Dec 11th

Freight Updates Shipping delays, we have written repeatedly about the shipping and other factors that have affected so many orders.  The graph below shows the on time performance of global fleets. Shipping delays, along with increased shipments, Covid related staffing problems, container availability problems, port and trucking issues are combining to make Q4 a logistics nightmare.  There […]