Trump trade team set for wild ride
“Trump’s latest trade comments … might be read by some as pre-inauguration bluster. Yet they were another sign of how much tariffs will play into the president-elect’s early policy flexing and volatile rhetoric, and how hard his team of rivals will have to jockey to sway him.”
[Bloomberg]
What Mexico’s new tariffs and trade restrictions could mean for U.S. businesses
“‘I think there probably were intended consequences and unintended consequences’ to the government’s trade actions,’ said Elise Shibles, who leads the Textiles and Apparel Practice and Forced Labor Practice at Sandler, Travis & Rosenberg, P.A. It will likely take time to unravel the true implications of the new rules over the coming weeks, and the Mexican government may be forced to iron out some kinks.”
[Sourcing Journal]
How Customs officers screen for prohibited goods at U.S. ports
“A raft of new regulations, including a law banning goods made with forced labor in China, have customs officials and companies looking for ways to bring greater transparency to global supply lines. To enforce the new rules, CBP is upgrading several of its labs, adding equipment and know-how that enable the agency to look into the atomic composition of materials for clues about their origin.”
[The Wall Street Journal]
U.S. port workers threatening to strike again
“In the event of a strike, companies should expect delays in cargo and higher freight rates, some of which could be passed on to American consumers through increased prices.”
[The Straits Times]
Vietnam ends tax-free status for low-value imports
“From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under 1 million VND ($40) sent via express delivery, under a new government directive.”
[Vietnamnet]
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