Posts made in June 2018

USPTI Monthly Update June 20, 2018

Duty Increases

As international politics continue in the ongoing trade negotiations, the U S Department of Treasury has issued a first and second set of items that will be impacted and duty increases of 25% to be applied on set one effective July 6,2018.

This list of products consists of two sets of U.S tariff lines.

The first set contains 818 lines of the original 1,333 lines that were included on the proposed list published on April 6.  These lines cover approximately $34 billion worth of imports from China.  USTR has determined to impose an additional duty of 25 percent on these 818 product lines after having sought and received views from the public and advice from the appropriate trade advisory committees.  Customs and Border Protection will begin to collect the additional duties on July 6,2018.

The second set contains 284 proposed tariff lines identified by the interagency Section 301 Committee as benefiting from Chinese industrial policies, including the “Made in China 2025” industrial policy.  These 284 lines, which cover approximately $16 billion worth of imports from China, will undergo further review in a public notice and comment process, including a public hearing.  After completion of this process, USTR will issue a final determination on the products from this list that would be subject to the additional duties.

The HTS lists can be found in this link ( click first/second set)

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2018/june/ustr-issues-tariffs-chinese-products

USPTI Monthly Update June 5, 2018

Below please find several articles outling the proposed increases in bunker as well as scheduled general rate increases. Additional please note the update/changes for China Customs Advanced Manifest,

 

The price of oil continues to escalate carriers are prepared to pass the increases on to the account of the cargo. With an anticipated peak season in the near future carrier are also filing general rate increases. It should be noted that in many cases the bunker and increases will apply to service contracts thereby increasing the base rates on all cargoes.

 

USPTI continues an open dialogue with our core carriers to insure we are able to deliver reliable quality service at market driven rates. USPTI anticipates the market to be relatively robust for the next 60 to 90 days and thus advise clients to potentially anticipate cost increases.

 

Please insure you are compliant with China Customs Advanced Manifest requirements

 

Our commitment to our clients is to develop a long term relationship of service based on service, integrity and honesty.

 

Thank you for your support and please feel free to contact your USPTI professional with any questions or concerns.