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US-China Trade Bloc Divisions Could Spell Trouble for Global Economy
The International Monetary Fund (IMF) has warned that the growing divide between the United States and China and their respective trade blocs could lead to a “reversal” for the global economy. According to IMF Deputy Managing Director Gita Gopinath, events such as the COVID-19 pandemic and Russia’s invasion of Ukraine have upended global trade relations…

Negotiations and Potential Strike: Impact on Auto Industry & Workers
The United Auto Staff union and the Detroit automakers are currently in negotiations for a new labor contract. However, the possibility of a strike is increasing as the union demands improved wages and benefits. A strike would have significant consequences for both the local and national economy, especially considering the ongoing transition to electric vehicles,…

New Section 301 Tariff Exclusion Process for COVID-19-Related Items
The Coronavirus pandemic has affected pretty much every aspect of life in the United States. We can now add trade policy to the list. As part of the Federal government’s efforts to address the spread and treatment of COVID-19, the Trade Representative’s office is considering exclusion of medical care products from the Section 301 tariffs on imports from…

Unprecedented Increase in Container Shipping Rates Sparks Concern Among US Importers
The cost of shipping a standard 40-foot container from Shanghai to New York has surged to nearly $10,000, causing alarm among importers and industry experts who fear this spike may be unsustainable. The Drewry World Container Index spot rate for this route has skyrocketed to $9,387, marking a significant escalation from previous levels earlier in…

Beware Export Controls On Software, Encryption, Technology
Executives routinely travel abroad with company-issued or personal laptops, tablets, and handheld devices. It is common to carry product information, presentations, and other information on these devices. For example, a sales executive may have a proposal that includes detailed product specifications as well as information on pricing and delivery. The device itself may contain software…
Weighing In on Trade Compliance
The term “Trade Compliance” is much more than a fancy buzz word that makes importers and exporters sound important. Trade Compliance is important. In fact, it is critical to the existence and continued success of all parties engaged in International Trade. The old adage, “importing is not a right, but a privilege”, is even truer…