Asset Based Lending Blog/News

Turkey Steel Tariff Returning to 50%

October 17, 2019 | Announcement, Government, Manufacturing

President Trump announced that Turkey’s tariff rate for steel products under the Section 232 would be returning to 50% in response to a military invasion from Turkey into Syria. The steel tariffs on Turkish steel was previously increased to 50% in August 2018 and then reduced back to 20% in May 2019. In addition to […]

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An Update to Our Clients

March 23, 2020 | Announcement

Dear Valued Client: Due to the market disruption caused by the COVID-19 virus, many stores are postponing, rejecting and even canceling orders, while others are delaying payment on existing receivables. We understand that these issues will cause cash flow problems for many of our clients. We are here to help you where possible, but many […]

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CBP CONSIDERING DUTY PAYMENT EXTENSIONS

March 20, 2020 | Announcement, Cargo, Government, Manufacturing, Uncategorized

In response to the difficulties facing American businesses due to the COVID-19 pandemic and associated control measures, Customs and Border Protection is contemplating granting relief to importers.  In consideration of requests from the National Customs Brokers and Forwarders Association Customs Committee, chaired by GEODIS’ SVP of Trade Services and Government Relations Mary Jo Muoio, along […]

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CBP HOSTS UPDATE CALL ON COVID-19

March 16, 2020 | Uncategorized

CBP has initiated a series of calls informing industry groups and leadership on the impact to trade caused by the spreading COVID-19 disease. During the call, CBP confirmed that recently enacted traveler restrictions for select individuals traveling into the United States do not extend to cargo.  At this time, CBP is guided by the medical […]

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GSP up for Review

March 3, 2020 | Uncategorized

GSP up for Review The Office of the United States Trade Representative announced on March 2, 2020, regarding products and countries eligible for preference treatment under the Generalized System of Preferences (GSP) annual review. The attached notice includes articles and countries that are under review. https://www.govinfo.gov/content/pkg/FR-2020-03-02/pdf/2020-04220.pdf List I identifies articles which will be removed from […]

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China Market Update

February 18, 2020 | Announcement, Cargo, Manufacturing, Shipping, Uncategorized

Overall Market Conditions: China officials have extended the Spring Festival Holiday until after February 2. The length of the extensions may vary depending on the location. Shanghai has extended until February 10, while others until February 14 or longer. As factories re-open, labor continues to be minimal as public transportation in certain cities or provinces […]

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Reminder – ETC Upcoming Federal Holiday Hours

February 13, 2020 | Uncategorized

Important Upcoming Information Due to the upcoming Federal Holiday, our office will be closing Monday, February 17th. We will re-open Tuesday, February 21st. Please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

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Reminder – ETC Upcoming Federal Holiday Hours

January 15, 2020 | Uncategorized

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.

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ETC – Upcoming Holiday Hours

December 20, 2019 | Uncategorized

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 […]

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