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Showing posts with the label Department of Commerce

The Government Shutdown Begins

  Shippers that bring goods into and out of the US could soon feel the effect as the government shutdown begins. On October 1, Congress disagreed on an operations funding bill, leading to the US government shutting down. When this happens, it can cause widespread disruptions for Americans and the economy in numerous ways. Along with impacting different sectors, a shutdown would directly impact international and domestic shipping. For example, it will affect the CBP (Customs and Border Protection), part of the Department of Homeland Security. This article will explain the impact of a government shutdown on cargo movement and how to protect your shipment. What Can International Shipping Expect as the Government Shutdown Begins? One of the most significant effects of a government shutdown on international shipping is increased delays. When this happens, the government will furlough or send home up to 750,000 federal workers without pay. While CBP officials are “essential,” ports will ...
  A tariff war continues with the US proposing a 93.5% tariff on graphite imports from China. On July 17, the US Department of Commerce (DOC) announced plans to implement the levies after an anti-dumping duty investigation. The DOC notes that they will make the final amount determinations from the investigation on December 5. Along with the previous tariffs Trump issued for Chinese imports, the 93.5% will bring the total rate to 160%. The DOC has also proposed countervailing duties on graphite importations up to 721%. With the amount of graphite that comes into the US from China, this can significantly impact international shipping. Why Is The US Proposing A 93.5% Tariff On Graphite Imports? The Trump Administration has proposed tariffs on  Chinese graphite imports  for various reasons, including anti-dumping and subsidy claims. Dumping is when manufacturers in one country export goods to another country at a lower price than they usually charge in their own country. An a...