Economy

AIIS: Trade Actions Add New Burdens for Importers, CBP
Written by Tim Triplett
July 26, 2019
Trade actions have imposed new and increased burdens on both U.S. Customs and Border Protection and on importers, reported the American Institute of International Steel in a July 8 blog by AIIS Customs Committee Chairman and attorney Steven W. Baker.
“Importers have recently been faced with many seldom used or new and unprecedented trade remedy actions, including Section 201 (solar cells and panels), Section 232 (steel and aluminum), Section 301 (China), and now International Emergency Economic Powers Act (Mexico) actions, all of which involve not only substantial duty costs but also continued administrative expenses for compliance. Added to the more common antidumping and countervailing duty cases, these actions have required significant resources to learn about, plan for, and implement responses to each remedy,” Baker wrote.
Importers should make extra efforts to ensure, and document, compliance with all the new (and often changing!) requirements, he said.

Tim Triplett
Read more from Tim TriplettLatest in Economy

ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.

Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.

Chicago Business Barometer catches cold winds of contraction in September
The Chicago Business Barometer's September reading indicates a softening in overall business activity in the Midwest for the third consecutive month, with new orders and backlogs retreating further.

Metalforming market sentiment takes a dive in September: PMA
Metalforming manufacturers anticipate a decrease in near-term conditions, according to the Precision Metalforming Association's (PMA) Business Conditions Report for September.

AIA: Architecture firms still under pressure
Architecture firms reported a modest improvement in billings through August, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.