Trade Compliance

Effects of the U.S. China Trade War Becoming a Currency War

Posted August 20, 2019

Under GHY International, Logistics & Supply Chain Management

Earlier this month, the U.S. Treasury Department declared China a “currency manipulator” after the yuan fell above the pivotal 7 to the U.S. dollar benchmark. That was viewed by many as a major escalation in the increasingly bitter trade dipute between Washington and Beijing. But what does it mean in practical terms for importers?  Continue Reading

Trump Changes Course on China Tariffs; Exempts Some, Delays Others to Soften Blow to Consumers

Posted August 13, 2019

Under Ask George, International Trade Issues

The Trump administration today announced it has decided to narrow the list of Chinese products slated to be hit with new tariffs starting next month, in an effort to avoid negatively impacting consumer spending during the back-to-school and all-important holiday shopping seasons. As a result, additional duties proposed on a wide range of goods such as cellphones, laptops, toys, etc., will be delayed until the middle of December to avoid negatively impacting consumer spending during the back-to-school and holiday shopping seasons.  Continue Reading

China-U.S. Trade War Tariff Exclusion Process Updates

Posted June 03, 2019

Under International Trade Issues, Logistics & Supply Chain Management

China has for the first time established a process that will become effective June 3 to exclude some U.S. imports from its retaliatory tariff countermeasures that were imposed following the latest tariff hike by the Trump administration, while in the U.S. the public comment period remains open until June 10 and importers await a new exclusion process to cover previous tranches of higher tariffs levied by Washington.  Continue Reading

Thinking Outside the Box in Hard Times: Apparel Imports - Section 301

Posted May 21, 2019

Under GHY Blog, Logistics & Supply Chain Management, Risk Management, Trade Compliance News, U.S. Customs Issues

Our Senior Textile & Apparel Specialist - Lynne McGowan details how she plans to ensure that apparel importers remain compliant with U.S. Customs and save on their bottom line, if the 25% duty (List 4) on textile/apparel imports comes into force.  Continue Reading

USTR Calls for Comments on Proposed Tariff Increase on $300 Billion Worth of Chinese Imports

Posted May 14, 2019

Under International Trade Issues, U.S. Customs Issues

The Office of the U.S. Trade Representative yesterday issued a notice calling for public comments on proposed 25% tariffs covering approximately $300 billion in Chinese goods, listing more than 3,800 targets that could be hit by the latest escalation in the ongoing trade war.  Continue Reading

Third Round of Section 301 Tariffs on China Go Into Effect, Without Tariff Exemptions – For Now

Posted September 26, 2018

Under Trade Compliance News

Unlike with the first two rounds of Section 301 levies which imposed a 25% tariff on $50 billion worth of Chinese imports, the Trump administration’s new 10% duty on another $200 billion that went into effect on Monday, does not include any provision for companies to seek exemptions from the new tax – a situation business groups are hoping to remedy before the rate climbs to 25% next year.  Continue Reading