Asset Based Lending Blog/News

GLOBAL TRADE MARKET UPDATE.

July 6, 2022 | Trade

On June 14,2022 the PMA( Pacific Maritime Association) and ILWU ( International Longshore and Warehouse Union) have issued a joint statement assuring an interruption free pathway, even in the case of negotiations extending beyond July 1, 2022. Nonetheless, the present activity suggests to the contrary.  The week of June 12, Los Angeles and Long Beach […]

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REMINDER – ETC INDEPENDENCE DAY HOLIDAY HOURS.

June 28, 2022 | Events, Announcement

Kindly note that our office will close at 3 p.m. EDT on Friday, July 1st and will be CLOSED on Monday, July 4th in observance of Independence Day Holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience. We hope you have a great holiday weekend!

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Department of Commerce Announced an Expansion of Sanctions Against Russian Industry Sectors Under the Export Administration Regulations.

June 1, 2022 | Trade, Cargo, Government

Bureau of Industry and Security announced a final ruling in response to the Russian federation’s ongoing aggression against Ukraine. The Department of Commerce is expanding the existing sanctions against Russian industry sectors by imposing a license requirement for exports, reexports, or transfers (in country) to and within Russia for additional items subject to the Export […]

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Temporary Suspension of 232 Tariffs on Ukraine Steel

May 25, 2022 | Trade, Government

The United States Department of Commerce has announced that the United States of America will be temporarily suspending 232 tariffs on Ukrainian steel for one year.  The full announcement reads as follows: Ukraine’s steel industry is uniquely important to the country’s economic strength, employing 1 in 13 Ukrainians with good-paying jobs. Some of Ukraine’s largest […]

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REMINDER – ETC MEMORIAL DAY HOLIDAY HOURS

May 23, 2022 | Uncategorized

Kindly note that our office will close at 3 p.m. EST on Friday, May 27th  and will be CLOSED on Monday, May 30th  in observance of Memorial Day Holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience. Happy Memorial Day to all!

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USTR Undertakes a Four-Year Review Process of Section 301 Tariffs on China’s Commodities.

May 18, 2022 | Trade, Government, Uncategorized

The U.S. Trade Representative is commencing the statutory four-year review of the two actions taken under Section 301 of the Trade Act of 1974, as amended, in the investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. The two actions were effective, respectively, on July 6, 2018 and August […]

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