Asset Based Lending Blog/News

July 12, 2019 | Announcement, Apparel Industry, Manufacturing, Retail, Startups, Wholesale

By; Carli Valinoti, Express Trade Capital One of the newest sustainability trends is making old garments new again. Evrnu, a Seattle-based textile-technology startup, is making old clothes and fabrics into new fibers that can be used for recyclable fashion. Although their products are still being tested, Evrnu has just launched a limited run of recyclable […]

July 11, 2019 | Announcement, Technology

By: Tajinder Marwaha, Express Trade Capital As the trade finance industry faces challenges related to logistics and fraud, blockchain technology may help in creating transparency and assurance of delivery while still providing confidentiality for trade parties. Blockchain can support cross border trade transactions that otherwise would be difficult due to costs and the documentation process. […]

July 1, 2019 | Announcement, Government, Shipping, Uncategorized, Wholesale

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 […]

June 27, 2019 | Announcement

Every Friday through Labor Day, ETC will close at 4pm. Separately – in observance to Independence Day, ETC will be closing Wednesday, 7/3 at 3pm and closed the day of 7/4. Regarding any funding request’s, please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

June 10, 2019 | Announcement, Government, Shipping, Uncategorized, Wholesale

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.  

June 5, 2019 | Announcement, Government, Shipping

Carli Valinoti, Express Trade Capital  On May 31, 2019, President Trump issued a proclamation announcing the termination of India as a beneficiary developing country. The decision comes as a result of the fact that, according to the President, India has not assured the United States that it will provide equitable and reasonable access to its markets as well as […]

June 5, 2019 | Announcement, Government, Shipping, Wholesale

Carli Valinoti, Express Trade Capital President Trump has announced plans to impose 5 percent tariffs on all goods imported from Mexico, rising to as high as 25 percent until – according to the White House – the Mexican government stems the flow of migrants. While most specifics are not yet known – conceptually, tariffs will […]

May 21, 2019 | Announcement, Government, Shipping

Sadie Keljikian, Express Trade Capital The President issued Proclamation 9887 on May 16th, entitled To Modify the List of Beneficiary Developing Countries Under the Trade Act of 1974. The proclamation indicates the termination of Turkey’s status as a beneficiary developing country, effective May 17th, 2019. The decision comes as a result of Turkey surpassing minimum […]

May 16, 2019 | Announcement, Government, Shipping, Wholesale

Sadie Keljikian, Express Trade Capital Per last week’s announcement, the White House has raised existing tariffs on $200B worth of Chinese imports from 10% to 25% and is now threatening new tariffs of up to 25% on an additional $300B worth of Chinese imports as part of its ongoing trade war with China. The latest list targets a wide variety of goods, including apparel, accessories, food and beverage products, and livestock.    President Trump seems optimistic about reaching an agreement with Chinese President Xi […]

May 7, 2019 | Announcement, Government, Wholesale

Sadie Keljikian, Express Trade Capital Due to delays in establishing a trade deal between the US and China, the President unofficially announced plans to raise the trade remedy tariff from 10% to 25% effective Friday. This will seemingly apply to all List III goods. The President also suggested a possible extension of the trade remedy […]