Congress passes legislation aiding customs brokers
“This important victory for our customs broker industry could not have been accomplished without the steadfast work of our Legislative Committee leadership and Legislative Advisor Nicole Bivens Collinson of Sandler, Travis & Rosenberg, PA, as well as our member companies.”
[NCBFAA]
Planning for new China trade war and tariffs has begun
“He expects any increase in tariffs during a second Trump presidency to lead to a greater shift in trade from China to Mexico to avoid the tariffs. That’s already happening, with 15% of China’s trade bound for the United States crossing the Mexican border as a result of Chinese companies setting up shop in Mexico or using Mexican ports.”
[CNBC]
Strikes at East Coast, Gulf ports are a big labor risk this year
“Cargo containers once bound for the East Coast are now beginning to head back to the West Coast to mitigate any service disruptions, a reversal of what occurred in 2022 and 2023, when East Coast ports made major gains in cargo volume due to both the massive vessel congestion and labor strife at ports up and down the West Coast.”
[CNBC]
India signs $100bn free trade deal with four European nations
“Under this deal, India will lift most import tariffs on industrial goods from the four countries in return for investments over 15 years. The investments are expected to be made across a range of industries, including pharmaceuticals, machinery and manufacturing.”
[BBC]
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