Here are 10 trends in international trade with high potential to change the course of U.S. import-export trade in the year ahead. 1. Shifting Currents in Global Energy Flows The lifting of restrictions on U.S. oil exports together with the shale revolution have...
Market Reaction to Japan’s Tariff on Frozen U.S. Beef Exports
Early signs indicate a substantial effect on frozen U.S. beef exports to Japan as the one of the largest U.S. beef destinations looks to other suppliers. Late July, Japan announced that they would be using a safeguard measure that allows for raising tariffs should...
Pop, Fizz, Clink: U.S. Celebrates with Sparkling Wine Imports
U.S. sparkling wine imports continue to rise, data from Descartes Datamyne reveals. Champagne still provides a year-end holiday lift, but Spain’s cava and – especially – Italy’s prosecco are boosting volumes all year round. The bubbly is not just for New Year’s Eve...
Christmas Tree Imports Rise as Growers Come up Short
This year’s crop of ready-to-cut firs, pines and spruce has fallen short of holiday season demand. Early trade data indicates Christmas tree imports – fresh and artificial – are rising to fill the gap. Nearly 95 million U.S. households will deck the halls with a...
Global Trade Finance and Profit: Descartes Launches New Product for Banks
Descartes adds market research geared to the global trade finance marketplace to help companies reduce risk and discover new business potential. Trade finance is central to the flow of goods. It is trade finance that makes it possible for importers, exporters,...
Twin Peaks: Imports Pass 2M TEUs Twice during Peak Shipping Season
Month-by-month, this year’s peak shipping season for U.S. maritime imports broke volume records, surpassing 2 million TEUs in August and October. This year’s peak shipping season, the August-to-October run-up to year-end holidays during which merchants stock up for...
Plastics Industry Trends | ITC Holds PET Resin Dumping Harmful
ITC determination in AD/CVD investigation finds PET resin imports dumped on U.S. market materially injured domestic producers, paves the way for new tariffs. Meanwhile, build-out of PET production for export stalls. The U.S. International Trade Commission (ITC) has...
Travel, Trade with Cuba Curbed by New Constraints
OFAC and BIS rule changes reverse some – but not all – liberalized polices on travel and trade with Cuba; the Cuba Restricted List lengthens. Treasury Dept.’s Office of Foreign Assets Control (OFAC) has announced that the Cuban Assets Control Regulations will be...
Split Decision: ITC Offers Choice of Outcomes in Solar Imports Case
The U.S. renewable energy industry awaits a decision in the Section 201 solar imports case that could result in protective tariffs on crystalline silicon photovoltaic (CSPV) cells and modules. After agreeing that a surge in solar imports is causing harm to domestic...
Free Web Seminar: A Quick Event Showcasing Our Rapid Deploy “Lite” CustomsInfo Manager & HS Validation Solutions
Register to attend our short, 30-minute web seminar on November 15th at 2pm ET. Is a fast rollout of a “lite” HS classification and validation solution right for you? Or are you ready for a simple upload and go review of existing classification across multiple...