Section 301 Changes
Customs and Trade Updates
Thursday, August 30, 2019
Advisory on New
10% Chinese Import Tariffs
Wednesday, August 14, 2019
President Trump tweeted out a wide array of tariffs increases on Friday, August 23rd, 2019. The already implemented Section 301 lists 1, 2, and 3 will all be raised from 25% to 30% on a proposed October 1 implementation date. The fourth list that was split into two (4a and 4b) will now be going up from 10% to 15% with the same implementation dates of September 1 and December 15, respectively. There is still no official notice posted on the Federal Register, but the USTR did post a press release that it would be coming soon.
On August 13th, 2019, the United States Trade Representative (USTR) announced that the U.S. plans to impose a 10% tariff on Chinese-origin goods not previously impacted by the preceding lists. The newly impacted products are split into two groups (List A and List B), each with a different implementation date:
· List A can be found here and will go into effect on September 1st.
This list includes footwear, certain types of clothing, and linens.
· List B can be found here and will go into effect on December 15th.
This list includes foods, baby items, certain types of clothing, watches and certain types of electronics.
The scope of the September 1st and December 15th effective dates will be clearly defined when the USTR officially announces the tariff in a Federal Register notice, expected in the next 48 hours.
As this tariff announcement is not yet official, at this point we are only alerting you of a potential impact. We will share updated information as soon as it becomes available.
CARBON OFFSET PROGRAM
Wednesday, August 6, 2019
In Q1 & Q2 of 2019, City Global offset 138.45 tons of CO2. The sum of the greenhouse gas emissions is of Carbon Dioxide Equivalent.
This is equivalent to:
Greenhouse gas emissions from:
338,509 miles driven by an average passenger vehicle
29.4 passenger vehicles driven for one year
CO2 emissions from:
17,654,080 number of smartphones charged
15,579 gallons of gasoline consumed
151,357 pounds of coal burned
5,660 propane cylinders used for home BBQs
Greenhouse gas emissions avoided by:
48.3 tons of waste recycled instead of landfilled
6,041 trash bags of waste recycled instead of landfilled
5,259 Incandescent lamps switched to LEDs
Carbon sequestered by:
2,289 tree seedlings grown for 10 years
163 acres of U.S. forests in one year
1.1 acres of U.S. forests preserved from conversion to cropland in one year
We like to use the EPA's Equivalencies Calculator to put offsets into perspective.
Click here to access the tool.