The prolonged trade war between the US and China plus the emergence of COVID-19 have changed how importers should evaluate risk when finalizing their sourcing options. Importers that rely 100% on China for sourcing are more at risk than importers that have multiple sourcing options. Many US importers have already learned a lesson from relying too heavily on China for their…
CONTINUE READINGIndustry Resources
Learn about IHA’s cost-saving programs, including the International Housewares Shippers Association, designed to help members grow their business!
Update to Special Reports on Coronavirus Assistance: Federal Legislation and Administrative Actions as of April 24, 2020
This special report is to update previous editions with information on the latest congressional legislation (“COVID 3.5”) and details concerning earlier bills and administrative actions. Paycheck Protection Program and Health Care Enhancement Act, H.R. 266, or (“COVID 3.5”): On April 24, the President signed H.R. 266 to appropriate some $484 billion in additional federal…
CONTINUE READINGAdministration Defers Duties on Certain Tariffs
On April 19, 2020, President Trump issued an Executive Order based on National Emergency authority declared March 13 to give the Treasury Secretary the ability to defer payments of certain import duties, taxes and fees for 90 days. This was followed by a Temporary Final Rule published April 20 by the DHS Customs and Border Patrol that states the 90-day deferral doesn’t…
CONTINUE READINGSpecial Report (2nd Edition) on Coronavirus Assistance
Federal Legislation and Administrative Actions as of April 2, 2020 This special report is to provide basic information on federal legislation and administrative actions in place to help individuals and businesses deal with the coronavirus (COVID-19 virus) epidemic. Congress passed and the President signed a $2 trillion recovery bill (the CARES Act) on March 27, and…
CONTINUE READINGSpecial Report on Coronavirus Assistance
Federal Legislation and Administrative Actions Taken as of March 20, 2020 This special report is to provide basic information to IHA members on federal legislation and administrative actions now in place to help individuals and businesses deal with the coronavirus (COVID-19 virus) epidemic. While Congress works on a massive stimulus bill of $1 trillion or more that…
CONTINUE READINGIHSA Ocean Contract Negotiations
IHSA and our carrier partners are fully engaged in contract negotiations that determine annual shipping rates for cargo shipped from Asia to the US. The new shipping rates will go into effect on May 1, 2020 and expire on April 30, 2021. When negotiations began, both parties were prepared to discuss the usual topics of rates, fuel, detention free time and space allocation.…
CONTINUE READINGCombatting Counterfeit and Pirated Goods
On July 24, 2019, IHA President Derek Miller submitted comments to a U.S. Dept. of Commerce notice seeking input on how to curb the importation and sale of counterfeit products. IHA’s comments noted that legitimate businesses like those belonging to IHA are victims of counterfeit goods that are sold by bad actors and often directly compete with goods produced by IHA…
CONTINUE READINGCarriers Monitoring the Coronavirus
The carriers are monitoring the impact the coronavirus could have on containers moving from China to the US. They have refrained from cancelling sailings so far, but the situation is very fluid. To help contain the coronavirus, the Chinese government extended the Chinese New Year holiday for most of the country by 3 days. Factories located in areas hardest hit by the…
CONTINUE READINGTrade, Tariff and Postal Shifts
On Jan. 15, President Trump and Chinese Vice Premier Liu He signed the Phase One trade agreement between the U.S. and China consisting of seven chapters on intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rate matters and transparency, expanding trade, and bilateral evaluation and dispute resolution procedures. The…
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