Asset Based Lending Blog/News

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 […]

December 18, 2019 | Events, Announcement, Cargo, Government, Retail, Shipping, Uncategorized

Carli Valinoti, Express Trade Capital 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 […]

December 16, 2019 | Uncategorized

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 […]

November 25, 2019 | Uncategorized

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.

November 7, 2019 | Uncategorized

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.

October 25, 2019 | Announcement, Apparel Industry, Retail, Wholesale

By: Carli Valinoti – Express Trade Capital, Inc. It’s not uncommon in today’s retail market that large companies who have been around for years are forced to file for bankruptcy. With growing competition from online retailers, including Amazon, stores have continued to see a decrease in foot traffic and overall sales. Retail stores have accrued […]

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 […]

October 16, 2019 | Announcement, Cargo, Government, Manufacturing, Retail, Shipping, Wholesale

After meeting with Vice Premier Liu He of the People’s Republic of China, President Trump announced in a news release on October 11, 2019 that the duty increase from 25% to 30% on List 1, 2, and 3 products would be suspended. A final decision will be made later regarding the additional duties scheduled to […]

October 3, 2019 | Announcement, Cargo, Government, Manufacturing, Retail, Shipping, Wholesale

Following a World Trade Organization decision paving the way, the U.S. Trade Representative (“USTR”) has published a list of products form E.U. origin which will be subject to additional duty rates of 10% or 25% ad valorem, effective October 18, 2019. We expect that a FEDERAL REGISTER notice will be published with the details including confirming […]

October 7, 2019 | Announcement

Important Upcoming Information Due to the upcoming Jewish/Federal holidays, some of our financial institutions will be closed or have limited staff/limited funding on October 9 and October 14. Please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.