Want to receive our weekly Market Update via email? Subscribe here!
E-Commerce Skews Logistics Labor Stats The logistics job market may be larger than anyone knows, according to The Wall Street Journal. Low counts omit holiday and other temporary hires, plus emerging e-commerce warehouse roles that defy traditionally tracked categories.
US President Mulls Lengthy Wait on Trade War Just ahead of new tariffs on December 15, Reuters reports that President Trump has announced he may wait until after US elections in November 2020 to finalize a trade deal with China.
Meanwhile, this week, Flexport Chief Economist Dr. Phil Levy noted the following economic highlights:
France Section 301 Tariffs Proposed The USTR released a list that covered 63 subheadings, mainly including dairy, cheese, cosmetics, bags, and some higher-end ceramic (porcelain/fine china) goods. The new tariffs could be up to 100% of the value of the products. The proposed duties are a retaliation measure in response to France’s digital excise tax on companies like Facebook, Amazon, and Google. Comments on the proposed list are due by January 6th with a hearing scheduled to take place on January 7.
More Product Exclusions Granted for Section 301 List 3 Last week the USTR released a list of 32 specifically prepared product descriptions for exemption that were on the third Section 301 list. Just like the previous exclusions granted, these are retroactive to the implementation date of the September 24, 2018 list. The exclusions will be effective until August 7, 2020.
Section 232 Tariffs President Trump tweeted that he will bring back tariffs on steel and aluminum for imports that are coming from Brazil and Argentina. The tweet cited devaluation of their currency as justification for the duties. Flexport Chief Economist Phil Levy provided further analysis on Forbes. There has been no official Federal Register release at this time.
**For a roundup of tariff-related news, visit Tariff Insider
Get weekly insights into all things freight, delivered right to your inbox.