Asset Based Lending Blog/News

Reminder – ETC Summer and Holiday Hours

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.

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Issues Importing from India

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 […]

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Turkey Trade Designation Update

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 […]

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Trade War with China Rages On

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 […]

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Tariffs on Chinese Imports May Rise Again

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 […]

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Ecommerce and Store Closures on the Rise

April 16, 2019 | Apparel Industry, Retail, Technology

Sadie Keljikian, Express Trade Capital Although fears of a “retailpocalypse” have mostly died down, the retail landscape is certainly shifting in favor of ecommerce, with more than 5,000 brick and mortar closures already announced in 2019. Many of the closures come from high-profile retailers like Gap, J.C. Penney, Abercrombie & Fitch, Tesla and Victoria’s Secret. […]

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Green Your Business

April 15, 2019 | Small Business, Tips

Sadie Keljikian, Express Trade Capital The devastating effects of climate change have rapidly increased in the last few years. As a result, businesses of all sizes and across industries are taking it upon themselves to be more eco-friendly. Though most business owners recognize the urgency to reduce their wasteful or pollutive practices, many are concerned […]

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