The swearing-in of Donald Trump as the 47th President of the United States on Jan. 20, 2025, will alleviate the “tax uncertainty” that’s gripped businesses with the expiration of the 2017 Tax Cuts and Jobs Act (TCJA) at next year’s end. Trump’s inauguration and Republican control of Congress means the TCJA will be extended and some provisions made permanent perhaps by the end…
CONTINUE READINGFeatured
The 2024 Election and the Housewares Industry
The election of Donald Trump to a second, non-consecutive term as President of the United States will result in dramatic policy changes from Washington, DC, immediately after his swearing-in on Jan. 20, 2025. He will start by issuing executive orders reversing those from his predecessor, President Joe Biden. One of the first actions by President Trump will likely be a…
CONTINUE READINGShipping Challenges in 2025
The year 2025 is shaping up to potentially be a wild ride in container shipping. From potential strikes to looming increased tariffs and Chinese New Year, there's a lot to keep an eye on. Let's break down the key challenges and see how they might impact your supply chains. East Coast Showdown: The ILA Contract Negotiations The International Longshoremen's Association (ILA)…
CONTINUE READINGEast Coast Strike: A Deeper Dive into the Standoff
The ongoing strike by dockworkers on the U.S. East Coast has brought maritime trade to a standstill, leaving many to wonder: why hasn't a resolution been reached? While it appears counterintuitive, several factors incentivize both the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) to prolong the strike. Why the Strike Drags…
CONTINUE READINGProposed De Minimis Imports Rule and the SHOP Safe Act
On Sept. 13, the Biden administration announced new actions to “crack down on de minimis shipments with unsafe, unfairly traded products.” Under current law, imported items are eligible for a de minimis exemption that allows shipments of foreign goods valued at $800 or less to avoid tariffs and undergo little to no inspection. Over the last 10 years, shipments entering the…
CONTINUE READINGNavigating the Waves: Spot Rates vs. Contract Rates in Ocean Shipping
The shipping industry is buzzing. Rates are climbing, carriers are thriving and shippers are feeling the pinch. Is it 2020 all over again? While the current market may feel familiar, understanding your options is key to navigating these turbulent waters. Let’s dive into the difference between spot rates and contract rates to help you make informed shipping decisions. Spot…
CONTINUE READINGCanadian Railroad Impasse, Shipping Issues for Q3
On August 22, Canada’s two biggest railroads, Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), locked out their workers after failed labor talks with the Teamsters Canada Rail Conference on a new collective bargaining agreement for some 9,000 conductors and engineers. Sticking points are rest rules, labor availability and the railroads’ desire to shift…
CONTINUE READINGSupply Chain Update: A Closer Look at Containerized Ocean Freight and Its Impact on the Housewares Industry
The global supply chain remains a complex and ever-changing landscape. As we navigate these fluctuating waters, staying informed about key developments in containerized ocean freight is crucial to making informed decisions and maintaining efficient operations. Regulatory Landscape: Recent rulings by the Federal Maritime Commission (FMC) have sought to address…
CONTINUE READINGSupreme Court Decisions Curtail Agencies’ Reach
Three summer 2024 decisions from the Supreme Court of the United States (SCOTUS) will have a major impact on administrative law. SCOTUS repealed Chevron deference in Loper Bright v. Raimondo; extended the statute of limitations to challenge a rule in Corner Post v. Board of Governors; and limited agencies’ administrative law courts while upholding the right to a jury trial in…
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