Ascent Global Logistics Blog

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Update: Two Week Delay for Tariff Increase

Posted by Ascent Global Logistics on Sep 12, 2019 4:54:29 PM

Update: Two Week Delay for Tariff Increase

On September 3, 2019, a Federal Register notice was published, stating that due to the ongoing challenges being addressed between the governments of the United States and China, Tranche 1, 2 and 3 would be increasing from 25 percent to 30 percent, effective October 1, 2019. At this time, it was announced that there would be a request for Public Comments through September 20, 2019.

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Topics: Updates, International Freight Forwarding, International Trade

Weather Alert Update: Hurricane Dorian

Posted by Ascent Global Logistics on Sep 6, 2019 3:05:00 PM

Weather Alert: Hurricane Dorian

Please note that Hurricane Dorian's landfall continues to impact port, rail and over-the-road operations across the Southeast. Below are the latest updates:

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Topics: weather, Updates, International Freight Forwarding, International Trade

Weather Alert Update: Hurricane Dorian

Posted by Ascent Global Logistics on Sep 5, 2019 4:42:48 PM

Weather Alert: Hurricane Dorian

Please note that Hurricane Dorian's landfall is impacting port, rail and over-the-road operations across the Southeast. Below are the latest updates:

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Topics: weather, International Freight Forwarding, International Trade

Weather Alert Update: Hurricane Dorian

Posted by Ascent Global Logistics on Sep 4, 2019 3:55:10 PM

Weather Alert: Hurricane Dorian

Please note that Hurricane Dorian's landfall is impacting port, rail and over-the-road operations across the Southeast. Below are the latest updates:

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Topics: weather, International Freight Forwarding, International Trade

Weather Alert: Hurricane Dorian

Posted by Ascent Global Logistics on Sep 4, 2019 8:08:33 AM

Weather Alert: Hurricane Dorian

Please note that Hurricane Dorian's landfall is impacting port, rail and over-the-road operations across the Southeast. Below are the latest updates:

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Topics: International Freight Forwarding, Tariffs, International Trade

Modification to S301: 10% to 15%

Posted by Ascent Global Logistics on Aug 30, 2019 5:20:59 PM

Modification to S301 Tariffs: 10 Percent to 15 Percent

The highly anticipated Federal Register notice was published today, confirming that "List 4A" of the S301 will go into effect on September 1, 2019 at the rate of 15 percent for the products of China covered by the $300 billion tariff action. On August 20, 2019, 84FR43304 was published, stating that Annex A would be 15 percent effective September 1, 2019 and Annex C would be 15 percent effective December 15, 2019.

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Topics: International Freight Forwarding, Tariffs, International Trade

Section 301 Tariff Update: Increases Announced for List 3 and List 4

Posted by Ascent Global Logistics on Aug 27, 2019 6:10:54 PM

Section 301 Tariff Update: Increases Announced for List 3 and List 4

In an announcement on Friday, August 23, 2019, the USTR (United States Trade Representative) advised that Section 301 List 3 tariffs will be increasing from 25 percent to 30 percent effective October 1, 2019, following a notice and comment period. List 3 is comprised of approximately $250 billion worth of Chinese imports and was first implemented on September 24, 2018 at 10 percent. On May 10, 2019, the List 3 duty rate increased to 25 percent.

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Topics: International Freight Forwarding, Tariffs, International Trade

How to Navigate TFTEA and NAFTA Regulations During the Duty Drawback Process

Posted by Ascent Global Logistics on Aug 20, 2019 10:11:53 AM

The Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) is an authorization of CBP’s trade authority and was enforced to create an environment for fair, honest and competitive trade in the United States. Section 906 of TFTEA made a comprehensive set of changes to drawback claim filing. Even though TFTEA was only signed into law in 2016, it is necessary to know these recent changes since it greatly effects the drawback application process.

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Topics: Regulatory Compliance, Exporting, Importing, International Freight Forwarding, Tariffs, International Trade

4 Key Tips for Filing Duty Drawback

Posted by Ascent Global Logistics on Aug 13, 2019 12:20:30 PM

Duty drawback can be a great opportunity for companies to save on duties, but to utilize it to its full extent it is necessary to understand the intricacies of the program. There are strict time frames that must be abided by and record keeping is imperative. The duty drawback regulations have changed recently due to TFTEA (Trade Facilitation and Trade Enforcement Act) and manual claims are no longer accepted, however Ascent Global Logistics can help you get your duty drawback claim filed electronically under the new regulations. 

Below are a few tips and tricks from the Ascent Global Logistics Duty Drawback team on how to get started and participate in duty drawback. 

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Topics: Regulatory Compliance, Exporting, Importing, International Freight Forwarding, Tariffs, International Trade

List 3 Product Exclusions

Posted by Ascent Global Logistics on Aug 7, 2019 10:43:32 AM

Breaking News: Product Exclusions Granted for List 3

On August 5, 2019 the USTR (United States Trade Representative) announced that product exclusions have been approved for S301 List 3 duties. The product exclusions are broken into ten new product-specific descriptions such as certain plastic containers, pet cages, shopping carts and inflatable kayaks and boats.

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Topics: International Freight Forwarding, Tariffs, International Trade