On June 2, Americans for Free Trade (AFT) sent a letter to the House Select Committee on the Chinese Communist Party (CCP) signed by IHA and 145 other organizations for the May 17 hearing Leveling the Playing Field: How to Counter the Chinese Communist Party’s Economic Aggression. Despite the enmity between Capitol Hill Republicans and Democrats, the Select Committee on the…
CONTINUE READINGFeatured
Controversial New Process for Regulations
On April 6, President Biden issued the Executive Order (EO) “Modernizing Regulatory Review” that will change the process by which federal agencies such as the U.S. Environmental Protection Agency and Departments of Transportation and Labor promulgate their regulations. The White House says these changes will improve the process, but administrative law experts believe the new…
CONTINUE READINGPeak Shipping Season Rebound Unlikely
Ocean carriers are coming to the realization that the upcoming peak shipping season will likely be a bust. Several carriers have been predicting that the Asia to U.S. market would see a rebound in container shipping during the second half of 2023. It is becoming clear now that the so-called rebound is not going to happen. Industry experts have also backed off previous…
CONTINUE READINGProtected: Exciting Changes for The Inspired Home Show 2024
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CONTINUE READINGThe Limit, Save, Grow Act of 2023
On April 26, the U.S. House of Representatives passed the Limit, Save, Grow Act of 2023 (H.R. 2811) to suspend the federal government’s debt ceiling through either March 31, 2024, or a $1.5 trillion increase when the current $31.4 trillion ceiling runs out, whichever comes first. It’s not unusual for Congress to raise the debt ceiling so Treasury can continue to sell U.S. bonds…
CONTINUE READINGTranspacific Contract Negotiations Finalized
The majority of ocean contracts covering containers moving between Asia and the United States have been finalized. The contracts being signed contain rates that are substantially lower than the rates that were finalized in April 2022. The previous two contract cycles saw spot rates skyrocket to record high levels before finally subsiding in the fall of 2022. The new contract…
CONTINUE READINGWest Coast Ports Still Operating Without a Contract
Contract negotiations between the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) ports remain at a standstill. After 10 months of negotiations, there has been very little progress in resolving key issues such as automation and wages. The PMA recently called out the ILWU for intentional work slowdowns causing delays at the ports…
CONTINUE READINGProposed PFAS Standards from the U.S. EPA
The U.S. Environmental Protection Agency (EPA) has taken steps to set maximum levels for certain polyfluoroalkyl and perfluoroalkyl substances (PFAS) in public drinking-water systems, and to designate certain PFAS as hazardous substances under the Comprehensive Environmental Response, Compensation and Liability Act or CERCLA (the Superfund law). PFAS are chemicals that have…
CONTINUE READINGIHA Submits Comments to USTR Tariff Review
As required by the Trade Act of 1974, the U.S. Trade Representative (USTR) must conduct a “necessity review” of the Section 301 tariffs on some $350 billion of products from China (Lists 1, 2, 3 and 4a) or the tariffs automatically sunset after four years. However, the Trade Act is somewhat vague on how a review should be done, giving USTR a fair amount of latitude in carrying…
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