Blog/News

Reminder – ETC Upcoming Federal Holiday Hours

Important Upcoming Information.

Due to the upcoming Federal Holiday, our office will be closing Monday, January 20th. We will re-open Tuesday, January 21st.

Please contact your account officer accordingly during this time frame.

We greatly appreciate your understanding and apologize for any inconvenience.


ETC – Upcoming Holiday Hours

Important Upcoming Information

Due to the upcoming holidays, our office will be closing Tuesday, December 24th from 3:00 through end of the day Wednesday. We will also be closing Tuesday, December 31st from 3pm through January 1st.

Please contact your account officer accordingly during this time frame.

We greatly appreciate your understanding and apologize for any inconvenience.

Wishing you all a Happy Holiday and a prosperous 2020!


If You Import from China – US and China have come to a decision regarding tariffs

Carli Valinoti, Express Trade Capital

Chinese President Xi Jinping with President Donald Trump in June in Japan. They are the primary actors in the longest-running, most serious trade war in history.
via Getty Images/WSJ

After months of negotiation, the US and China have announced that they have come to an agreement on trade. The US will cut the current taxes on $120 billion of Chinese goods from 15% down to 7.5% and has decided to not move forward with adding tariffs to the rest of the $160 billion Chinese goods. This will take effect on December 15, 2019. A 25% tariff rate will continue to stay in place on approximately $250 billion worth of US goods. In return, China has agreed to increase its purchases of US goods and services along with around $40-50 billion in agriculture products.

For questions on how this affects your imports from China, contact our logistics office for further assistance. Contact@expresstradecapital.com


IF YOU IMPORT FROM CHINA—IMPORTANT ANNOUNCEMENT REGARDING CHANGES TO TRADE-REMEDY TARIFFS

Reports from the White House and the Office of the United States Trade Representative (USTF) announce that a Phase 1 agreement with China has been reached with a significant impact on the current and pending changes.

  • The trade-remedy tariffs under List 4B will not go into effect on December 15, 2019, as previously announced.  This action has been suspended indefinitely.
  • The trade-remedy tariffs under List 4A will remain in effect but at a reduced rate.  The current rate of 15% will be dropped to 7.5%.
  • The trade-remedy tariffs under Lists 1-3 will remain at 25% for the time being.  These tariffs are being retained to be used as a negotiation point during Phase 2, which is anticipated to commence soon after this Phase 1 is signed.

Official implementing instructions need to be published which will likely provide specifics, for example, the effective date and time and event of the 4A reduction.  This may not occur until the agreement is signed with China in early January. 

For assistance in understanding the impact to your company, please contact Express Trade Capital. Contact@expresstradecapital.com


Reminder – ETC Upcoming Holiday Hours

Important Upcoming Information

Due to the upcoming holiday, our office will be closing Wednesday, November 27 from 3:00 through end of the day Friday. We will reopen Monday, December 2.

Please contact your account officer accordingly during this time frame.

We greatly appreciate your understanding and apologize for any inconvenience.


Reminder – ETC UPCOMING HOLIDAYS

Important Upcoming Information

Due to the upcoming Federal Holiday, our office will be closed Monday, November 11, 2019.

Please contact your account officer accordingly during this time frame.

We greatly appreciate your understanding and apologize for any inconvenience.


If you Import from China

By; Carli Valinoti, Express Trade Capital 

After meeting with President Xi over the weekend, President Trump announced decisions regarding the bilateral trade dispute. The President announced that while current tariffs will remain in place, he will not move forward with additional tariffs as negotiations continue. Therefore, there are no immediate plans to implement Tranche or List 4 trade-remedy tariffs.

The United States Trade Representative recently concluded seven days of hearings on the proposed List 4. The testimony and comments solicited from the public as part of the List 4 review may influence the products to be included and tariff rate if and when any additional trade-remedy actions are taken. But for now, any action on List 4 is on hold.

If you import from China, Express Trade Capital is here to assist with trade strategies to minimize the impact, apply for exemptions, and process refund claims where exemptions have been granted. Click here to contact Express Trade Capital for expertise and support. We are here to help.


IF YOU IMPORT FROM MEXICO

By; Carli Valinoti, Express Trade Capital 

Late Friday night the President announced successful negotiations with Mexico.  With a signed agreement addressing illegal immigration, the President has suspended indefinitely the planned tariffs against Mexico. 

The 5% tariff on goods from Mexico will not go into effect on June 10, 2019.  


Tianjin, China’s Port Embargo Lifted

Sadie Keljikian, Express Trade Capital

Dangerous goods are once again allowed into port at Tianjin, China with proper documentation submitted to the carrier. Regulations on hazardous materials are more closely monitored, in light of the explosion that devastated the port last month, but all other terminal and customs brokerage operations resume as normal.

Click for details on our supply chain and logistical solutions.

Contact us for more information.