IMPORT & EXPORT
Port of L.A. Media Advisory Highlights Achievements, Sustainability Efforts
By Christian Chensvold, Associate Editor | August 15, 2024
The Port of Los Angeles handled a record-breaking 939,600 Twenty-foot Equivalent Units (TEUs) in the month of July, a 37 percent increase over the previous year, making it the busiest July in the port’s 116-year history as well as the busiest month in over two years.
Retail Trade Groups Say Dump Chinese Import Tariffs
On March 19, members of the retail industry’s leading trade groups joined in a letter asking President Trump to suspend U.S. tariffs in place on Chinese imports. The tariff suspension would serve as a tool to blunt the economic downturn from the coronavirus pandemic, they said.
Port of Oakland, Oakland International Airport, Deemed Essential and Will Remain Open
As regions of Northern California, including six Bay Area counties, prepared for shelter-in-place orders in response to COVID-19, the Port of Oakland announced on March 16 that it would remain open for business.
USMCA Approved by U.S. Senate, Phase One of China Deal Signed by Trump
In a fast-paced set of events, President Donald Trump signed Phase Oneof the trade agreement between the U.S. and the People’s Republic of China on Jan. 15. The next day, the U.S. Senate approved the United States–Mexico–Canada Agreement, a platform upon which Trump campaigned during 2016 as a replacement for the North American Free Trade Agreement.
USMCA Trade Deal Approved by Senate Committee
The U.S. Senate’s Finance Committee approved the United States–Mexico–Canada Agreement by a 25–3 vote on Jan. 7.
November Trade Deficit Figures Decrease by 5.4 Percent to Lowest Number Since 2017
This week, the United States Census Bureau released its “Advance Economic Indicators Report,” which showed a decrease in the international trade deficit. Numbers for international trade in goods recorded in October 2019 stood at $66.8 billion, while advanced figures fell to $63.2 billion in November, a drop of 5.4 percent.
U.S. Close To Making Trade Agreements After Year of Upheaval
After more than a year of headlines on trade wars, the Trump administration, the U.S. Congress and America’s trade partners wrapped up the year with statements and votes promising that trade deals are close.
Tariffs in 2019: As the Trade War Turns
One of the largest newsmakers of 2019 was neither a person nor a company but rather a largely impactful issue faced by the apparel industry. In a rocky 2018, the United States implemented 25 percent tariffs on $50 billion in imports from China, and the latter responded with its own reciprocal duties on products from the U.S.
AAFA Echoes Industry Sentiment in Letter to CBP Regarding Proposed Footwear Duty
Escalating current tariff and trade drama, the United States Department of Homeland Security’s Customs and Border Protection proposed a revocation of two previous rulings on the definition of athletic footwear, widening the range of these types of shoes, which will thereby increase costs for these products that were previously not subject to athletic-footwear duties.
Port of L.A. Working with Danish Port to Strengthen Sustainability
The Port of Los Angeles, ranked as the No. 1 container port in the United States, announced that it has entered into a five-year memorandum of understanding with the Copenhagen Malmö Port AB, which manages ports in Denmark and Sweden, to collaborate on sustainability and environmental issues.
Former Oakland City Councilmember Wan to Lead Port of Oakland
It was announced Nov. 14 that Danny Wan, a former Oakland, Calif., city councilman was named executive director of the Port of Oakland. He had been serving as the port’s interim executive director for the past year.
USTR to Consider Extension of Tariff Exclusions on $34 Billion of Chinese Imports
As the leaders of the United States and China continue to negotiate new trade terms and navigate through tariff increases implemented on imported goods, the office of the United States Trade Representative made an announcement on Oct. 28 regarding exclusions.
Record Cargo Numbers for August at Port of Los Angeles Could Foreshadow Trouble
After moving 861,081 20-foot equivalent units—or TEUs—the Port of Los Angeles reported this week that it has set a new single-month cargo record for the month of August.
Tariff Issues Cool, Concerns Remain
Following the United States Trade Organization’s confirmation this week that an additional duty of 5 percent on $300 billion in products from China—on top of an original figure of 10 percent—would be implemented starting Sept. 1, representatives from the Chinese and U.S. governments had started to cool on the heated situation.
Mongolia Third Neighbor Trade Act Could Diversify Cashmere Sourcing for U.S.
Following the Trump administration’s declaration of raising tariffs by 10 percent on $300 billion of Chinese goods come Sept. 1—not including the $250 billion subjected to the existing 25 percent tariff—exports from China to the United States rose according to the General Administration of Customs earlier this week.
Administration’s New Tariff Brings Mixed Reaction
The United States trade war with China heated up this week when the Trump administration said that the U.S. would place a 10 percent tariff on an additional $300 billion worth of Chinese imports.
