International Trade

Toyota Motor Corp., trying to transform itself into a leader of the new driverless economy, unveiled both the concept vehicle and the big-name partners to make it a reality.

CBP: Extension of In-bond Regulation Enforcement Dates

International Trade

AJOT | Top Story | January 08, 2018

CBP: Extension of In-bond Regulation Enforcement Dates

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.

Retail imports end 2017 with 7 percent growth as industry sales continue to increase

AJOT | January 08, 2018 | International Trade

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CBP officers seize stainless steel sinks at Portal Port of Entry

AJOT | January 08, 2018 | International Trade

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.

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Supply chains (and freight rates) crank up again

AJOT | January 08, 2018 | International Trade

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.

Macron Calls for China-EU Relationship to `Enter 21st Century’

Bloomberg | January 08, 2018 | International Trade

U.S. Sees `Much Work’ to Revising South Korea Free-Trade Pact

International Trade

Bloomberg | Top Story | January 05, 2018

U.S. Sees `Much Work’ to Revising South Korea Free-Trade Pact

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.

Siemens Gamesa Is Said to Be in Talks on 700-Megawatt Wind Deals

Bloomberg | January 05, 2018 | Energy | Alternative | International Trade

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Trump Seeks Fix to South Korea FTA Amid Nuclear Tensions

Bloomberg | January 05, 2018 | International Trade

President Donald Trump is seeking a quick fix to the U.S. free-trade agreement with South Korea even as he exchanges insults with the Asian nation’s nuclear-armed neighbor.

Trump Needs a Miracle to Win His Trade-Deficit Battle in 2017

Bloomberg | January 05, 2018 | International Trade

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Cold weather, higher exports result in record natural gas demand

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