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5 Steps to Managing Your Continuous Import Bonds Subject to Trade Wars

Customs brokers and importers alike can be proactive with the management of their import bonds on goods subject to the Section 232 and 301 trade wars. Here’s how:

  1. Compile a list of your import clients affected by the new tariffs

    Access the latest lists of tariffs subject to Section 232 or Section 301 here. Suggest your importing clients obtain an ACE account and grant you “Sub Account” access to view their data.

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Bond Sufficiency Alert: Consumption Goods from China

By: Colleen Clarke – Vice President, Surety Trade Relations

As announced by the U.S. Trade Representative in Docket Number USTR-2018-0018 on June 15, 2018, the White House announced that the U.S. will impose retaliatory duties of 25% on goods valued at $34 billion covering 800 tariff numbers where the country of origin is China and the goods are entered for consumption, or withdrawn from warehouse for consumption, on or after July 6, 2018.

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Bond Sufficiency – Steel and Aluminum Products under Section 232

U.S. Customs and Border Protection (CBP) announced in CSMS#18-000372: UPDATE: Additional Duty on Imports of Steel and Aluminum Articles under Section 232 an update based on the President’s Proclamation on adjusting the duty and quota requirements for steel and aluminum.

The update advises as of June 1, 2018, all steel and aluminum articles imported from the following countries are subject to the Section 232 Import Duties:

  • Steel: All countries of origin except Argentina, Australia, Brazil and South Korea
    • All steel products must be classified under 9903.80.01 (25% percent) in addition to reporting under Chapters 72 and 73.
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Columbia River Customs Brokers and Forwarders Association Hosts Terry Cummings as Presenter on Best Practices for Damage Control

Terry Cummings in our San Francisco office will present on Best Practices for Damage Control at the Columbia River Customs Brokers and Forwarders Association’s (CRCBFA) general membership meeting on Wednesday, May 16th, 2018. Terry’s presentation will focus on real-life experiences of logistics companies to highlight lessons learned and provide valuable takeaways on how to identify red flags. The presentation will also include guidance on providing risk neutral responses and other direction appropriate to unique situations that face your industry.

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Introducing New Account Manager Zoi Fanourgiakis in New York

Roanoke Trade is pleased to announce that insurance professional Zoi Fanourgiakis is the new Account Manager in our New York office located in lower Manhattan.

We are excited to add Zoi Fanourgiakis to our staff of surety bond, insurance, ATA Carnet and sales professionals. Zoi is a graduate of the City University of New York, Hunter College. She began her insurance journey while an undergraduate and now has over 10 years of experience in Property & Casualty Insurance.

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International Trade in the News – What Does It Mean?

International Trade in the News – What Does It Mean?By: Matthew L. Zehner – Vice President, Surety Information & Analysis

If you were wondering about all the new tariffs in the news recently, or why portions of what we do for a living are being discussed on TV news and on the front page of newspapers, continue reading for a high-level explanation of what is going on.

In addition to the HTSUS tariff rates on imported goods and the applicable taxes and fees imposed by statute, there are a variety of laws available to combat unfair trading practices.

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2018 ICPA Conference

ICPA Conference in Sunny San Diego!

Amanda Barlow and Patrice Lafayette look forward to connecting with you at this year’s ICPA Conference that kicks off on March 11th. Stop by booth number 13 so we can say hello and address any questions you may have about ATA Carnet’s or Customs Bonds.

Make your Spring Break even better by entering our drawing for a chance to win a $100 Amazon gift card!

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Roanoke’s Amanda Barlow Appointed to the District Export Council of Southern California

Roanoke Trade’s Amanda Barlow Appointed to the District Export Council of Southern CaliforniaRoanoke is pleased to announce the recent appointment of Amanda Barlow, Vice President of ATA Carnet for Roanoke Insurance Group Inc., to the District Export Council of Southern California (DECSC), one of more than 60 DECs that exist throughout the country to support the U.S. Government’s export promotion efforts. Amanda joins fellow Roanoke colleague, Theresa Garcia, as a DEC member.

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‘Tis a Very Busy Season for this Holiday for Logistics Companies

‘Tis a Very Busy Season for this Holiday for Logistics CompaniesThe most recent figures from the Labor Department shows that the warehousing and storage sector geared up in November for the holiday season, adding 8,100 jobs to pick, pack and ship e-commerce orders. This number reflects the most jobs the sector has added in a single month since December 2015, according to an article in the Wall Street Journal (WSJ).

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Roanoke to be Platinum Sponsor at AirCargo 2018

Join the Roanoke Trade team at the AirCargo 2018 Conference in Austin, Texas from February 18 – 20!  This yearly event brings together all actors in the air cargo supply chain in one location to discuss trends, challenges, opportunities and the future of the air cargo industry. Be sure to visit us at booth 302, talk with us at our sponsored lunch event and catch us at one of the many important sessions.

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