Archive for June 2021

Today the U.S. and UK announced an agreement in the WTO Boeing-Airbus which includes an agreement to suspend all tariffs imposed in connection with this dispute for five years.  The tariff suspension applies to rum, brandy and vodka from the US and to Single Malt Scotch, Single Malt Irish Whiskey from Northern Ireland, liqueurs and cordials,…

The global container shipping market has not been able to recover as anticipated this year and the industry continues to grapple with the enormous stress brought about by covid-19 and unpredictable consumer behavior.  It is with concern that we monitor new outbreaks near major container ports in southern China as any disruption in outbound freight affects…

Good news today out of Belgium as the Associated Press is reporting that the United States and the European Union have come to an agreement in the Airbus-Boeing trade disputes.   “U.S. Trade Representative Katherine Tai said the two sides have come to terms on a five-year agreement to suspend the tariffs at the center of…

The current shipping market continues to wreak havoc on lead times and freight costs.  Spot market (not contracted) container rates have tripled and carriers have implemented steep surcharges and short validities in contract agreements. ​ In this current environment, rate increases must be passed on to shippers to obtain space and equipment.   Effective July 1, 2021 (sail date) an Emergency…

NASA signs industry letter to Biden Administration in Advance to G7 SummitAs part of the Toasts Not Tariffs coalition, NASA and 49 U.S. associations representing the US beverage alcohol industry sent a letter to the Biden administration to continue to work with overseas trading partners to settle the underlying disputes and cancel the associated additional…

Trade Tariffs on beverage alcohol tradeNASA continues to work with 88 associations as part of the Toasts not Tariffs Coalition to urge for the immediate removal of tariffs on beverage alcohol products.  Recent progress was made between EU and US over steel and aluminum tariffs that averted the planned doubling of tariffs on American Whiskeys…

Ocean carriers continue to announce new surcharges related to the ongoing shipping demand and backlog that has severely impacted container equipment supply and vessel capacity.   On June 19, 2021 (gate-in date) an Emergency Equipment Surcharge (EES) of US$1000 per container will apply on shipments originating from West Mediterranean to USA.  This includes sailings from France…