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 READINGFeatured
West 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…
CONTINUE READINGSignificant Trade and Shipping Regulatory Actions
The U.S. Trade Representative (USTR) is required by statute to conduct a “necessity review” of Section 301 tariffs, which in this case concern tariffs placed on some $300-$350 billion of products from China (Lists 1, 2, 3 and 4a). Former President Donald Trump started imposing the duties in 2018 under Sec. 301 of the Trade Act of 1974, which automatically expire after four…
CONTINUE READINGLabor Relations Regulatory Update
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 READINGConnect 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…
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