WASHINGTON, July 6 (Reuters) - Companies seeking product exclusions from tariffs on Chinese goods imported into the United States will get 90 days to file such requests, until Oct 9, the U.S. Trade Representative’s office said on Friday.Just hours after it activated 25 percent tariffs on some $34 billion worth of Chinese imports, USTR said any exclusions granted would last a year and be retroactive to Friday.“In making its determination on each request, USTR may consider whether a product is available from a source outside of China, whether the additional duties would cause severe economic harm to the requestor or other U.S. interests and whether the particular product is strategically important or related to Chinese industrial programs, including ‘Made in China 2025,’” USTR said.Once a request is filed and posted on www.regulations.gov, public responses will be collected for 14 days, with an additional seven days for rebuttals.“Because exclusions will be made on a product basis, a particular exclusion will apply to all imports of the product, regardless of whether the importer filed a request,” USTR said.The tariffs were activated on a list of 818 product categories, including cars, computer disk drives, pump and valve parts and light-emitting diodes under the Trump administration’s “Section 301” investigation into China’s intellectual property and technology transfer practices and high-technology industrial subsidy programs. (Reporting by David Lawder; editing by Jonathan Oatis)
Brazil’s trucker strike entered the ninth straight day amid signs that the protests may be shrinking.While there’s no official data yet on the number of the blockades across the country on Tuesday, industry reports indicated that many were halted after the government signed decrees meeting trucker demands. Local media said protests persist in several states.Brazil terminals run out of soybeans Most export terminals ran out of soybeans for shipmentsscheduled for Tuesday and Wednesday, Lucas Trindade de Brito, manager at export group Anec, said in a telephone interview.Grain-truck traffic resumed slowly on Tuesday, though new supplies haven’t arrived yet to export terminals.Political protests prevent end of strike Protests are becoming politically motivated as truckers return to work after the government met their demands, Brazil Chief of Staff Eliseu Padilha said at a press conference in Brasilia.Earlier, Jose da Fonseca Lopes, head of the largest trucker union, said the strike continues because of the interest of “people who want to overthrow the government.”Truck flow to main export terminals still haltedPorts at Santos, the main source for grain exports, and Paranagua, the second-largest, haven’t received any cargoes by truck on Tuesday, according to authorities for both terminals.Truck grain transportation resumes slowly: AbioveSoybean and soybean-meal transportation slowly returned to normal in some parts of the country, Daniel Furlan Amaral, a manager at industry group Abiove, said in a telephone interview.“I believe the situation in all of the country will slowly move to normal in the coming days,” he said.source: bloomberg
Steven Mnuchin, US Treasury secretary, says negotiations over tariffs with China have borne fruit Steve Mnuchin says: ‘We have agreed to put the tariffs on hold while we try to execute the framework.’ Photograph: Jae C Hong/APAmerica has pulled back from launching a trade war with China that could have destabilised the global economy, by agreeing to put proposed tariffs on Chinese imports “on hold”.The Treasury secretary, Steven Mnuchin, said on Sunday that negotiations with Chinese officials have borne fruit, meaning Washington and Beijing can step back from imposing punishing tariffs on each other’s exports.“We’re putting the trade war on hold, right now, we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin told Fox News.The breakthrough came after two days of talks between Mnuchin and China’s vice-premier, Liu He, in Washington last week.Mnuchin said that the US has won several commitments from Chinese officials that should cut America’s trade deficit with China, which hit $375bn (£278bn) in 2017. However, Beijing has not agreed to cut the deficit by a particular amount, despite the Trump administration pushing for a $200bn reduction.In a statement, the two sides said they had reached “a consensus on taking effective measures” to cut the US trade deficit in goods with China.“To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services,” they said.Xinhua, China’s state-run news agency, said the US-Chinese statement amounted to a vow “not to launch a trade war against each other”.Last month, the US and China announced a series of tit-for-tat tariff measures that, if implemented, could have triggered a full-blown trade war. The Trump administration announced 25% tariffs on more than a thousand Chinese products – from robots and depleted uranium to aircraft parts and dishwashing machines.Rather than be cowed, China swiftly hit back with proposals for tariffs of 25% on 106 American products including soybeans, cars and chemical products. This could have hurt farmers in America’s agricultural sector and manufacturers in the “rust belt” – two key election battlegrounds.None of these tariffs have yet come into effect, meaning China and the US can step back from a conflict over trade.The prospect of a trade war between the world’s two biggest economies has weighed on the financial markets in recent weeks, so investors will be relieved that a breakthrough has been reached.But Tai Hui, JP Morgan’s chief market strategist for Asia Pacific,warned that this is unlikely to be the end of tension between the two countries.“Historical precedents suggest the U.S. could re-engage with China on trade issues if it sees China dragging its feet on fulfilling its pledges. Moreover, the last three months have further exposed Washington’s concerns over China’s advancement in technology and its threat as a competitor, both commercially and strategically,” said Hui.“It’s like a back pain that never goes away. It was a shock in the first instance it happened, but then life goes on as the most acute symptoms are addressed. The good news is that markets should learn to live with it and consider its impact more rationally.”America is battling trade issues on several fronts. It has already imposed tariffs on steel and aluminium imports, with European countries pushing for an exemption. Trump is also demanding a new trade deal with Mexico and Canada.Mnuchin, though, says efforts to renegotiate Nafta (the North American free trade agreement) could run until 2019 as negotiators are “still far apart”.
A strike by South African unions to demand an increase to the proposed national minimum wage shut down vehicle manufacturing plants and disrupted public transportation in some of the nation’s main cities.Several thousand people joined protests in Johannesburg and Cape Town, while marches were also staged in four other cities. Protests were staged in Johannesburg, Pretoria, Cape Town, Port Elizabeth and other cities.It's worthy for foreign freight forwarders to note that the South African Customs has fully implemented the “Customs Control Act of 2014” on April 20 this year.↑ from HAMBURG SUDThe main contents of implementation include that shipping notifications must be sent to Customs via electronic data 24 hours prior to shipment packing (departing/entry/ships transiting South African ports) in a complete, correct format.
The trade war between China and the United States is brewing with China announcing plans to impose duties on U.S. goods worth USD 3 billion.The move is being taken as a response to the Donald Trump’s new duties on Chinese goods worth USD 60 billion.Trump said the U.S. was resorting to the Section 301 action, after an investigation launched in August 2017 into China’s laws and policies found that China employs “unreasonable or discriminatory practices that burden or restrict U.S. commerce, and violate intellectual property rights.”Trump added that talks with China are ongoing together with the EU and NAFTA deal.Impact on the shipping industryThe latest restrictions come as new tariffs on steel and aluminum are set to enter into force in the United States.On March 1, the U.S. President announced a plan to boost domestic manufacturing by imposing tariffs of 25 pct on imported steel and 10 pct on imported aluminum.Even though Europe managed to dodge the tariffs, European shipping community, and the maritime industry, in general, is worried what the latest trade restrictions would mean for shipping.“There is an urgent need for new diplomatic efforts to prevent an escalation,” says Danish Shipping, commenting on the latest trade tensions between the two countries.The United States and China are the two largest markets for the Danish shipping sector with annual total exports amounting to DKK 38.5 billion. The two countries constitute approximately 23 pct. of the Danish shipping companies’ total export activity.The organization, which represents the interests of the shipping industry in the country, said the new duties and countermeasures were concerning for the sector.“A trade war between the Danish shipping companies’ two largest markets is deeply worrying. The shipping industry is among Denmark’s most globalized industries and therefore entirely dependent on continued open world trade,” Jacob K. Clasen, Executive Director at Danish Shipping, said.Clasen called on the world’s major trading blocks to strengthen dialogue and diplomacy in order to prevent any further escalation of the conflict.“Trade between China and the USA accounts for roughly 4 percent of global trade, so a dispute between the two countries will harm trade patterns globally. In addition, increased tariffs will send a very wrong signal to the world that more market restrictions may be a plausible way forward. This is the wrong way to go and will ultimately harm consumers all over the world,” he added.“All parties – the EU, the US and China – must look for solutions through dialogue and do everything possible to avoid a harmful trade war. It is crucial that all parties make every effort to avoid an escalation of the conflict.”BIMCO’s Chief Analyst Peter Sand said that should the tensions escalate on a larger scale there would lasting consequences for everyone involved in global industries like shipping.“All trade-restrictive measures are in principle bad for shipping,” Sand said.“Overall we are seeing more trade-restrictive measures introduced. Some more high profile than others. This is a worrying trend that limits demand for shipping globally.”Impact on the U.S.President of the U.S. retail federation Matthew Shay said the administration’s plans to impose broad tariffs on consumer products from China would punish ordinary Americans for China’s violations.“Middle and working-class Americans are just starting to see the benefits of tax reform in the form of bigger paychecks and higher wages. Engaging in a trade war will erase those gains and result in higher prices for a wide range of consumer products and basic household goods. And the tariffs will create uncertainty for retailers and other businesses who are prepared to reinvest savings from the tax cut in capital investments, wage increases, workforce training and new jobs in communities across the country. “The U.S. ports, including Port Houston, Port of New Orleans and the Northwest Seaport Alliance, also expressed concern about the impact of the steel and aluminum tariffs, stressing that they would negatively affect the amount of cargo being handled by the ports.World Maritime News Staffsource: world maritime news
Start from 1st April, the Indian Customs will implement new customs clearance requirements. Foreign freight forwarding companies must be strictly enforced. Otherwise, the goods will be unable to clear customs after arriving at the Port of Destination, and they will face customs penalties!!According to the latest requirements of the Indian Customs, all goods exported to Indian ports (including inland ports in India), bills of lading and manifests must display the following information:1. Importer's IE code2. Importer’s GSTN number3. Importer's valid office email addressThe effective date is on April 1, 2018, which is based on the date of shipment at Port of Departure. 【notification】 ✽The current scope of implementation is limited to all shipments at NSA unloading (including NSA transfer to ICD)✽GST no. is 15 yards and IEC no. is 10 yards.- A company who has registered from the government must have GST.- A company with import and export license must have IEC.- Both are very common, and Indian clients must know it.✽If the c/ & n/ on bill of lading is freight forwarder, then there is no IE CODE, but there are still three points which have to be indicated on the HOUSE BL.
The remains of three out of the four missing crew members have been found on board the Maersk Honam containership which was hit by a major fire on March 6.At this point in time, the three mariners remain unidentified, Maersk Line said in an update.“Given the time passed and the severe fire damages of the vessel we must conclude by now that we have lost all four colleagues who have been missing since the fire onboard Maersk Honam which began on March 6. All four families of our deceased colleagues have been informed,” the update reads.The missing seafarers included two Filipinos, one South African and one Indian.The latest conclusion means that the fire claimed five lives of the 27 crew members that were manning the ship prior to the incident.A thorough search on board the Maersk Honam continues. However, the active search and rescue mission at sea will be brought to a halt.As informed, the crew members who were receiving intensive medical care, one Thai and one Filipino, have been moved to a general ward and are recovering well.“Our colleagues that were evacuated to local hospitals in varying conditions of health are improving and we are now preparing to bring them back to their families as their condition allows,” Palle Laursen, Chief Technical Officer for Maersk Line, said.The India Marine Police is conducting a routine investigation of the incident, and they will be interviewing all crew members.On March 9, the Indian Coast Guard said that the fire on board the ultra large containership was localized and prevented from spreading.Specialized firefighting vessels remain engaged, with salvage operations led by Smit Salvage and Ardent.“Maersk Line is cooperating with the salvors and has two Marine Engineers onsite, working closely with Smit and Ardent,” the company said.A full investigation will be conducted to determine the cause of the fire and the impact to the vessel and cargo, Maersk Line added.
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