CBP will extend the time frame for initial implementation of these regulatory changes for all participants for six months. CBP Officers will continue to accept paper CBP Form 7512 and input the data on the trade’s behalf until July 2, 2018.
U.S. Customs and Border Protection (CBP) Office of Field Operations officers working at the Portal Port of Entry recently targeted a rail container destined to arrive in Portal. CBP officers inspected two rail containers and discovered merchandise in violation of intellectual property rights (IPR) regulations.
As supply chains crank back into action following the vacation, the January ocean freight GRI (General Rate Increase) stuck, with China-US rates increasing by 27%. While prices may continue to climb slightly until the Chinese New Year, expect them to drop back after February 16.
Bloomberg | January 05, 2018 | International Trade
Officials from the U.S. and South Korea said further talks were needed to revise their free-trade pact, a negotiation straining ties between the allies as they grapple with Kim Jong Un’s growing nuclear-weapons threat.
AJOT | January 05, 2018 | Energy | International Trade
Estimated U.S. natural gas demand on January 1, 2018 reached 150.7 billion cubic feet, surpassing the previous single-day record set in 2014, according to estimates from PointLogic. Much colder-than-normal temperatures across much of the United States have led to increased demand for heating, much of which is provided by natural gas