U.S. imposes 25% tariffs on EU in wake of Airbus subsidies
At midnight last night, the U.S. imposed tariffs on Scotch whisky, Spanish olive oil, cheeses, wines, and other EU products. The World Trade Organization (WTO) had previously authorized the U.S. to impose tariffs on $7.5 billion of goods from the European Union (EU) following EU subsidies to aeronautics manufacturer Airbus.
U.S. – China Tariff Update:Phase One Trade Deal
Last Friday President Trump announced that Phase 1 of a larger trade deal with China had been reached. This deal eliminated the 5% additional tariffs on $250 billion of Chinese products (already at 25% tariff) that were scheduled for an October 15 increase. In exchange, China has agreed to increase purchases of U.S. agricultural products.
Foreign Trade Zones are an effective way for U.S. exporters to avoid tariffs
Companies that imported goods from China into the United States, paid nominal duties, and then exported to foreign markets, are increasingly turning to Foreign Trade Zones to mitigate the impact of tariffs on products produced China. WTDC has FTZ warehousing space available for electronics and other tariff affected commodities. WTDC specializes in Foreign Trade Zone Inventory Control and will be happy to provide you a rate for our service.
The automotive and aviation industries have also been affected, including many South Florida companies who are now applying for FTZ status for their own warehouse facility. WTDC is a FTZ Consultant currently assisting 4 companies in their FTZ Applications, training, and compliance.
Click through to read more about our years of experience and technology based approach to managing inventory in a Foreign Trade Zone.
Trump National Doral to host G7 Summit 2020
Just down the street from WTDC in Miami-Dade County, the 2020 Group of 7 meeting will be held at the Trump National Doral. In an announcement made on Thursday by the White House, the president’s acting chief of staff Mick Mulvaney said the Doral resort was an ideal location for this summit of world leaders from Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States..
PortMiami MOU with Virgin Trains moving along
Miami-Dade County Commissioners presented a MOU with Virgin Trains that would provide passenger train access to PortMiami and include subsidies for a train station at the seaport. At the October 17 Commissioner’s meeting, PortMiami Director Juan Kuryla said that the port would make money off the deal and that it was a sound deal for the port. The item goes to vote on November 19, after which the County would negotiate terms with Virgin
World Trade Center Miami’s biennial Air Cargo Americas is right around the corner, October 29-31 at the Miami Airport & Convention Center, sign up today!
From Air Cargo Americas website:
“This is a great opportunity to NETWORK with over 5,000 industry executives, see the latest innovations in trade and logistics, get updates on regulations and be included in the VIP Welcome Breakfast on Tuesday Oct. 29.
Falling for Autumn
Ready for Fall! We are loving the fall decorations in WTDC’s front entrance put together by our General Manager Vera Gazitua. Pictured L to R, WTDC Customer Service Representatives Margarita Torres and Leonardo Hernandez, General Manager Vera Gazitua, Logistics Manager Ginger Diez, Customer Service Supervisor Adrian Fernandez-Romani, and Customer Service Representative Maria Rivera.
Did you know that WTDC has office spaces available for lease? Click below for additional information.