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New NAFTA to land $34 billion investment for US automakers says USTR

19 Apr

April 18, 2019 – According to a US Trade Representative report issued today, “USTR estimates that new capital investments attributable to the proposed US-Mexico-Canada (USMCA) trade deal by automakers and battery suppliers will total approximately $34 billion over 5 years. This figure is based on information about future investments provided by automakers, as well as […]

March Heartland business conditions, manufacturing and exports continue growth

17 Apr

April 16, 2019 – According to Ernie Goss, Ph.D., Director of Creighton University’s Economic Forecasting Group, the March Creighton University Heartland Business Conditions Index, a leading economic indicator rose to its highest level since August of last year signaling solid growth for the region over the next three to six months. “The regional economy continues […]

Singapore’s Jewel Changi Airport ready for its coming-out party

12 Apr

April 11, 2019 – Singapore’s Straits Times reported today that its USD 1.7 billion-dollar, 135,700 sq. m airport complex opens next Wednesday. Jewel Changi features a 10-storey complex with shops, restaurants, leisure attractions and facilities for travelers. Other highlights include a 40m-tall indoor waterfall and a five-story garden with 2,500 trees and 100,000 shrubs. There […]

Held & Associates, Kansas City, transitions to Savino Del Bene USA

11 Apr

April 10, 2019 – In a move that has been in the making for some time, Kansas City Freight Forwarder and US Customs Broker, Held & Associates, has formally become Savino Del Bene – Kansas City Global Logistics and Forwarding Company USA, Inc., as of 1 April. Rick Held, who founded the firm 38 years […]

USTR releases its 2019 Trade Estimate and Barriers for 61 countries

6 Apr

April 5, 2019 – The US Trade Representative (USTR) recently released its National Trade Estimate Report on Foreign Trade Barriers (NTE), reporting on the largest export markets for the US. The 2019 report covers 61 countries, along with the EU, Taiwan, Hong Kong and the Arab League. It estimates the impact on US exports, US […]

Manufacturing up. Exports and imports continue to expand at marginal levels

2 Apr

April 1, 2019 – The Institute of Supply Management (ISM) reported today that national economic activity in the manufacturing sector expanded in March, and the nation’s overall economy grew for the 119th consecutive month. ISM’s New Export Orders Index slipped to 51.7 percent in March, 1.1 percentage points lower compared to the February reading of […]

Court of International Trade rules Section 232 tariffs on steel are constitutional

27 Mar

March 26, 2019 – Husch Blackwell reported today that the Court of International Trade (CIT) yesterday issued its decision in the American Institute for International Steel’s appeal on the institution of Section 232 tariffs on steel products ruling that Section 232 tariffs are constitutional and that their decision results in the continuation of these tariffs […]

RoHS Exemption List – Assent

14 Mar

Exemption Number Exemption Text Expiration Date(s)/Category 7(c)-II Lead in dielectric ceramic in capacitors for a rated voltage of 125 V AC or 250 V DC or higher. • July 21, 2021 for All • July 21, 2023 for 8 In Vitro • July 21, 2024 for 9 Industrial and 11 7(c)-IV Lead in PZT based […]

European Commission makes 16 updates to RoHS exemption list

14 Mar

March 13, 2019 – According to a report by Assent’s Valerie Kuntz, the European Commission is issuing updates to the European Union (EU) Restriction of Hazardous Substances (RoHS) Directive exemption list. It extended nine expired exemptions and added seven new exemptions. Six of the seven new exemptions put further restrictions in place for specific categories. […]

No-deal Brexit threat to ‘billions of pounds’ of chemicals

12 Mar

March 11, 2019 – The BBC reported Friday that, “A no-deal Brexit threatens billions of pounds of chemical import,” warned the head of the Chemical Industries Association, Stephen Elliott. “Secondary legislation, needed to copy EU regulations into UK law, contains ‘significant gaps’.” “Put simply, the drugs don’t work, the cars don’t run and the planes […]

US removing GSP status from India and Turkey

7 Mar

March 5, 2019 – It appears that it will finally happen. On Monday the US Trade Representative (USTR) announced its intent to withdraw its Generalized System of Preferences (GSP) from both India and Turkey. The GSP program is designed to enhance economic growth in developing countries, providing duty-free import treatment of over 3,500 products from […]

The US manufacturing economy, exports and imports expanded in February

2 Mar

March 1, 2019 – Economic activity in the manufacturing sector rose in February, and the overall economy grew for the 118th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report on Business. “Exports continue to expand, at slightly stronger rates compared to January. The manufacturing sector continues to expand, but inputs […]

China may be slowing, but Europe is dangling over the cliff

20 Feb

February 19, 2019 – Bloomberg reported last week that Europe looks like the real weak link in the global economy. According to the report, “Industrial production across the 19-nqtion euro area is falling at the fastest pace since the financial crisis, and deteriorating demand is evident as the region finds itself squeezed between international and […]

2018 International Market Potential Assessment ranks countries

7 Feb

February 6, 2019 – Larry Cresswell, SBA Regional Manager, Export Solutions Group, in his February St. Louis USEAC Newsletter posted a top international market index from the Global Edge at Michigan State University. See this link for the full report. https://globaledge.msu.edu/mpi/data/2018 With a US focus, the report ranks the overall market potential of the largest […]

Forecasts point to another strong year of retail sales growth

6 Feb

February 5, 2019 – HomeWorld Business carried a report today from the National Retail Federation (NRF) forecasting strong US retail sales this year following 2018 retail sales growth of 4.6%. Despite issues including the U.S./China trade war, a volatile stock market and the effects of the government shutdown, the NRF is forecasting sales to increase […]

US manufacturing, exports and imports continued to grow in January

2 Feb

Feb 1, 2019 – According to today’s Institute for Supply Management’s (ISM) “Report on Business”, manufacturing expanded in January registering 56.6 percent, an increase of 2.3 percentage points from the December reading of 54.3 percent. “This indicates growth in manufacturing for the 29th consecutive month. ISM’s New Export Orders Index slipped to 51.8 percent in […]

China expected to surpass US as world’s largest retail market

29 Jan

January 28, 2019 – China could become the world’s top retail market this year, displacing the United States, according to a report from eMarketer today. The report forecasts that China will surpass the US in retail sales by more than $100 billion. In 2019, China’s total retail sales will grow 7.5% to reach $5.636 trillion. […]