IMPORTANT: Section 301 Update - US CHINA TRADE WAR HEATS UP  - Please Read Below

 
Welcome to Meadows Wye
 
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  To continue our 100 year history of providing exceptional customer service by investing in our people, our systems, and our global network.

We will strive to build on our business model, which is based on integrity, honesty, sustained profitability and value.
   
IMPORTANT: Section 301 Update
US CHINA TRADE WAR HEATS UP


As of August 1st, 2019 - U.S. President Donald Trump said he would impose an additional 10% tariff on $300 billion worth of Chinese imports (List Four) starting September 1st.

We expect that the U.S. Trade Representative’s office will finalize List 4 (which has not been done yet) and issue a Federal Register notice shortly (i.e., in the next week or so).

Our “Action plans” previously reviewed with clients will be implement as details emerge.

On May 13th 2019, the USTR announced proposed tariffs of up to 25% to approximately $300 billion worth of Chinese goods. (* LIST FOUR ) According to the proposed modification, this new list comprises 3,805 full and partial tariff subheadings and "covers essentially all products not currently covered by action in this investigation."

TARIFFS ON LIST FOUR COVER ALL CHINESE PRODUCTS, INCLUDING BOOKS.

The obvious concern for our clients is the direct impact of the potential tariffs, but another danger is vendors misrepresenting the origins of the books, whether via Chinese printers or other sources, illegally transshipping China to a third country and selling with incorrect origins. That is fraud and US Customs will be looking for this.

Outlaying substantial duties to US Customs will be a risk for any forwarder/broker. All of our general commodity clients are set up to pay US Customs duties directly via ACH (Automated Clearing House). To be prepared for tariffs being imposed on books from China, we will assist our clients to set up ACH/PMS accounts directly with US Customs. More information on this will be provided upon request.

As of May 10th, 2019 tariffs in Chapter 48 of HTSUS, related to the publishing industry, included in List Three of Section 301 have been increased from 10 to 25 percent. Additional items in List Three can be provided upon request.

Please contact us with any questions you have.
 

   

ISF ALERT - Please review CSMS #13-00298 titled "Initiation Date for Liquidated Damages for ISF Non-Compliance."

For information on ISF, please go to CBP's website or use this link to get to the ISF page.

 

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Customized Industry News for our Clients
     
 

Change is constant in the freight forwarding and US customs brokerage.  These changes effect transits times, shipping costs, and regulations related to global security and customs formalities.  Some changes don’t impact our clients, and parts affect some and not others.

We will provide customized “bulletins” to our clients when an Industry change will impact them, specifically.

Current industry topics that may interest you include:

     
To Order Bills of Lading from Chinese Vendors
     
Transportation Security Administration Initiatives
     
European Union Import Security Program
     
Cargo Capacity from the Pacific during the Lunar New Year
     
Marine Cargo Insurance
     
New IncoTerms 2010
     
 

Whatever you question, a Meadows Wye staff member is here to answer your question. Click Here For Contact Information

 

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