The American Apparel and Footwear Association, in addition to expressing hope that the U.S. government will support measures to end the gang violence convulsing Haiti, asked the leaders of the House and Senate to renew trade preferences programs scheduled to expire at the end of September 2025.
FedEx rejected Prosperous America CEO Michael Stumo's characterization of the company as being involved in drug trafficking. Stumo on March 6 accused both FedEx and UPS of being "drug mules" (see 2403060089), because they are conduits for fentanyl entering in the de minimis environment. The company "has extensive security measures in place to deter and detect the use of our networks for illegal purposes, and we have a long history of close collaboration with law enforcement and regulatory authorities to quickly identify and prevent unlawful uses of our networks," a FedEx spokesperson said. "This includes illegal shipments such as illicit fentanyl."
The Wall Street Journal reported that a LAN transformer that allows cars to communicate to networks, made by Sichuan Jingweida Technology, was the reason Audis and Porsches couldn't enter the U.S. until that part was replaced. That firm is on the Uyghur Forced Labor Prevention Act's entity list.
FloraTrace is launching new insurance coverage for importers facing unforeseen expenses due to enforcement of the Uyghur Forced Labor Prevention Act, it said in a March 4 news release. Offered through its subsidiary Rezylient, the coverage will be triggered by receipt of a UFLPA detention notice, with covered losses potentially including storage of a detained entry, attorney fees, consultant fees, demurrage, drayage fees, exam fees, and extra costs and expenses including supply chain tracing subject to agreement by underwriters, Rezylient said on its website. The insurance may also be paired with FloraTrace’s origin testing and verification services, providing “financial protection against unforeseen detentions and disruptions in the supply chain, while also offering importers a proactive tool for risk management,” the news release said.
More Canadian companies are shifting their supply chains to run through the U.S. so their products can be exported from America rather than Canada, said John Boscariol, a trade lawyer with McCarthy Tétrault. Boscariol, speaking during a virtual event this week hosted by the American Bar Association, said U.S. export rules are more flexible than Canadian ones, and companies are finding it easier to sell certain items to U.S. consignees rather than ship directly from Canada to another foreign country.
National Association of Manufacturers CEO Jay Timmons said that all of his 250 members want liberalized trade, and said he didn't understand why a simple issue like the Miscellaneous Tariff Bill has been hung up in partisan conflict for three years.
Consultants and associations that support international trade in Africa, Asia, Western Europe and the Western Hemisphere agreed that the shift in trade policy in the U.S. has trading partners questioning whether America will meet its commitments, or, in the words of the German Marshall Fund's Heather Conley, enter a "nationalistic economic crouch" that will be difficult to end. The panel spoke at a Washington International Trade Association event Feb. 12.
AIT Worldwide Logistics acquired the Netherlands-based Global Transport Solutions Group, a “prominent international freight forwarder specializing in time-critical marine spare parts logistics,” AIT said in a Feb. 1 news release. The terms of the deal weren’t disclosed.
Human Rights Watch says that "some car manufacturers in China have succumbed to government pressure to apply weaker human rights and responsible sourcing standards at their Chinese joint ventures than in their global operations," and argues that car companies should disengage from all suppliers that source aluminum from Xinjiang, and should map aluminum supply chains back to the bauxite mines, whether for aluminum ingots or semi-fabricated aluminum.
Ending most favored nation status for Chinese imports -- as advocated for by the House Select Committee on China and some other China hawks in Congress -- would increase consumer prices for laptops and smart phones by more than $100, and cause purchases of those goods to fall sharply, according to a recent study commissioned by the Consumer Technology Association.