The Ocean Shipping Reform Act of 2022 (OSRA-22) has been signed into law by President Biden in an attempt to alleviate supply chain congestion and inflation. The President was quoted as saying, “… this law is going to help begin to lower shipping costs, bring down prices on everything from goods to products that the
Lighting up the Lunar New Year
One of the most critical parts of the Lunar New Year celebration is the incorporation of fireworks everywhere from family events to city-wide extravaganzas. Unlike local events in the United States, the Lunar New Year celebrations in Asia aren’t dependent on imported fireworks. This should make the acquisition and preparation of fireworks displays for celebrations
Climbing Costs & Congestion Cause Concerns
When it rains, it pours – then it freezes and there’s a sandstorm and the logistics sector is topsy-turvy once again. Starting with congestion, the oldest issue currently upending shipments, the coastal ports in California and New York are overflowing with containers and cargo as railroads are bogged down with too much to transport and
Section 301 duties from China – Three lists and an escape hatch
Following the determination that China has been acting unfairly in their trade dealings with the United States, the US Trade Representative took action and published a list of more than 1300 HTS numbers that would be subject to an additional 25% duty. After public hearings and a comment period, that list came into force on
US, China, trade retaliatory trade actions
Today, June 15th, the Office of the US Trade Representative announced that beginning July 6th, CBP would collect 25% duty on a list of just over 1100 HTS numbers from China. The agency produced its first list at the end of April and after hearings and public comment, removed several hundred numbers from the list.
Trade actions and agreements – Where are we today?
It is the beginning of April, 2018, and the United States has a number of active trade initiatives that are underway. Some are commodity based, like steel and aluminum, others are bilateral, such as the escalating tariff-for-tat with China, while others are more outcome focused on issues like the Korea – U.S. Free Trade Agreement
ILWU agreement with PMA brings additional three years of labor peace to West Coast ports.
The relationship between longshoremen and management is one that has always been fraught with challenges, whether on the West Coast with the ILWU or the East Coast with the ILA. The past two contract negotiations between the ILWU and PMA have resulted in lockouts, slowdowns and actions that cost the US economy billions of dollars