Running a large trade surplus with the U.S. is only one way to draw President-elect Donald Trump's tariff fire, argues a new report from the Information Technology and Innovation Foundation; other ways would be by expecting the U.S. to provide a defense umbrella, enacting digital services taxes or other anti-U.S. regulations, and taking what ITIF called "soft positions toward China."
Singapore-headquartered Maxeon Solar Technologies says CBP continues to detain its solar panels imported from Mexico even though the company has provided proof that its solar panels comply with the Uyghur Forced Labor Prevention Act.
Livingston International, a Toronto-headquartered customs brokerage firm and freight forwarder, will work with Google Cloud to modernize Livingston's data infrastructure through the use of artificial intelligence, the company announced recently.
The CEO of footwear company Steve Madden expects to reduce its imports from China and increase sourcing from other regions to hedge against proposed punitive tariffs on China by President-elect Donald Trump.
Proposed new tariffs will negatively affect American consumers, the American Apparel and Footwear Association said in a news release Nov. 6 reacting to the results of the U.S. presidential and congressional elections. President-elect Donald Trump says he will increase tariffs on goods coming into the country.
Executives from FloraTrace, an isotopic testing service, and Rezylient, an UFLPA insurance product, told an audience of customs brokers that isotopic testing isn't just for cotton-containing products.
The Aluminum Association is pleased by the hike in Section 301 tariffs on aluminum products -- even though it applies to more products than it wishes were covered -- and says Mexico's reporting is helping with trade remedies covering Chinese, Russian and Belarussian steel.
Trade groups representing corn and soybean farmers say that if Donald Trump imposes 60% tariffs on Chinese imports, as he has promised to do if re-elected, it would devastate their exports to China.
The strong differences in tariff and immigration policies whether Donald Trump or Kamala Harris wins the election made it difficult for a think tank's economic outlook, but Alejandro Werner, a senior fellow at the Peterson Institute for International Economics, said that Mexico will have a slow-down in foreign investment over the next couple of years because of "the uncertainty associated with the continuation of the USMCA regardless of who wins the election."
The American Apparel and Footwear Association and the Fair Labor Association told the interim leader of Bangladesh that they appreciate the goverment's plan to align labor laws with International Labor Organization standards, but asked him to institute an annual minimum wage review for garment, footwear and travel goods workers, including the voices of unions, workers and employers.