International Trade News: S301 List 3 Tariff Exclusion Requests
Tips for a Lower-Stress Travel Experience This Summer
One of the busiest travel seasons has arrived, with travelers preparing to take trips that will have them transiting through airports both domestically and internationally, as well as crossing various international borders and possibly interacting with different customs officials. Both U.S. Customs and Border Protection (CBP) and the Transportation Security Administration (TSA) share tips to help make those encounters go more smoothly and quickly.
Last year, in the U.S. alone, CBP processed more than 114 million international travelers and the TSA screened over 2.7 million travelers on peak days. CBP officers are ramping up to handle the increased traffic expected over the summer months, and the TSA is expecting to screen 10 million more passengers during the summer months than last year.
The Ocean Shipping Reform Act of 1998, which amended the Shipping Act of 1984, went into effect on May 1, 1999. This shipping act combined non-vessel operating common carriers (NVOCC) and ocean freight forwarders under one category labeled "ocean transportation intermediary" (OTI). An intermediary is defined as "a person who acts as a link between people in order to try to bring about an agreement."
In honor of the 20th anniversary of the Ocean Shipping Reform Act of 1998, below is a brief review of OTIs.
On Sunday, May 5, the Administration announced that List 3 of the S301 tariffs, which are currently at 10% on $200 billion of Chinese imports, will be increasing to 25% effective Friday, May 10, 2019. Trade talks continue with China but are not progressing as hoped.
The Panama Canal Authority (ACP) imposed a draft restriction of 47 feet in mid-March. ACP plans to impose a more severe limit on April 11, 2019. This will directly impact the size and number of TEUs that will be available for loading through the Panama Canal.
The Formaldehyde Standards for Composite Wood Products Act, also known as the TSCA Title VI, was fully implemented as of March 22, 2019 following a nine-year waiting period.
Composite wood products required to be certified as emission compliant by CARB and EPA recognized Third-Party Certified (TPC) starting on May 22, 2017. From May 22, 2017 through March 22, 2019, products regulated by TSCA Title VI had to be labeled as TSCA Title VI or CARB ATCM Phase II compliant.
The office of the United States Trade Representative (USTR) recently issued a notice, officially "postponing" the tariff rate increase "until further notice." S301 List 3 tariffs will remain at 10 percent instead of increasing to 25 percent. The delayed increase is due to progress in US and China trade negotiations.