The Biden Administration’s regulatory agenda will face Republican scrutiny in the next Congress by way of oversight hearings and a stream of information requests to agency heads between hearings from committee chairs. Administration proposals concerning labor (employee) relations will be one of the more controversial areas based on Republican concerns that they will create more…
CONTINUE READINGFeatured
Connect Fall, IHA’s Virtual Industry Event, Features Sessions on Shifting Lifestyle Trends, Critical Business Developments
ROSEMONT, IL (Oct. 5, 2022) – Connect FALL, an IHA virtual event, is set for Oct. 11-13 with exclusive, in-depth content designed to bring the housewares industry together around critical industry education. Session topics include opportunities in inflationary times; consumer lifestyle trends; an update on PFAS chemicals regulations and housewares; trends influencing…
CONTINUE READINGTariff Update
In early September, the U.S. Trade Representative (USTR) announced it had received comments from a number of entities supporting a continuation of the Section 301 tariffs on products produced in China. This culminates the first phase of USTR’s statutorily mandated “review of necessity” for Sec. 301 tariffs before they expire after four years. However, by September’s end, USTR…
CONTINUE READINGThree Housewares Executives Elected to IHA Board of Directors
ROSEMONT, ILL. (Sept. 19, 2022)—Three new directors have been elected to the board of directors of the International Housewares Association (IHA), the full-service trade association for the housewares industry. They are: Scott Felsenthal, CEO, Whitmor, Inc.; Sal Gabbay, CEO, Gibson Homewares; and Michael Hayes, chief customer officer, Newell Brands. Their three-year terms begin…
CONTINUE READINGFederal Spending, Taxes, Inflation and Interest Rates
According to many economists, a major contributor to inflation in the U.S. economy is federal spending. Congress had already spent $3 trillion in 2020 responding to the pandemic when Democrats took the reins and passed the $1.9 trillion American Rescue Plan in March 2021. This was done despite warnings from economists including former Obama officials who feared more big…
CONTINUE READINGSupply Chain Variables Cloud the Future
The Ocean Shipping Reform Act of 2022 (OSRA22, S. 3580) signed on June 16 by President Joe Biden is a major step toward fixing supply chain problems that involve ocean carrier practices. An immediate benefit for trucking firms and shippers is that OSRA now requires 13 specific items of information on carriers’ invoices and failure to include such information relieves the need…
CONTINUE READINGTwo Important Trade Developments
On June 16, President Joe Biden signed the Ocean Shipping Reform Act of 2022 (OSRA22, S. 3580) into law. This followed the House’s June 13 passage of the Senate version 369-42 in response to White House pressure for House Democrats to accept the Senate bill and quickly get a much-needed victory to the President’s desk. This rare and meaningful bipartisan achievement will…
CONTINUE READINGUSTR China Tariff Review Process Underway
As required by law, the U.S. Trade Representative (USTR) announced May 3 that it has initiated a four-year “review of necessity” process for tariffs on Chinese imports under Sec. 301 of the Trade Act of 1974. In a May 10 speech, President Joe Biden said combating inflation is his top domestic priority citing the pandemic, supply chain issues and war in Ukraine as the primary…
CONTINUE READINGCongestion Switching to East Coast Ports
Shippers are watching how the contract talks between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) will play out during the month of June. Key players on both sides have indicated they expect a smooth negotiation process even if a contract is not concluded by the June 30, 2022 expiration date. Shippers are hoping negotiations…
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