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Happy Chinese New Year. May peace, health and prosperity be yours. Not only now, but also throughout the New Year of Dog! GONG XI FAT CAI

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09/19/2018

Update: Section 301 List 3 - Effective September 24, 2018

Customers of OEC Brokerage received personalized import data analysis in July to assess their exposure to Section 301 duty. If you use an alternative broker, we suggest you request your import history from them and OEC Brokerage can assist with your analysis. Dear Valued Customer, Yesterday evening, the Office of the United States Trade Representative (USTR) announced that Section 301 List 3 has been finalized after undergoing a public review by the Section 301 Committee. Effective September 24, 2018, Customs and Border Protection (CBP) will begin collecting duty on List 3 affected imports from China.   The finalized List 3 is expected to impose an additional 10 percent tariff on $200 billion in US imports from China until December 31, 2018. On January 1, 2019, the tariff will increase to a rate of 25 percent. As with the announcement of Lists 1 & 2, a formal notice of the List 3 tariff will be published in the Federal Register outlining the process by which affected importers may request exclusion from additional duty. To help ascertain if this policy will impact your shipments, you may find the Harmonized Tariff Schedule of the United States (HTSUS) subheadings pertaining to your imports on your CBP Entry Summary Form 7501. For the finalized List 3 affected products and their harmonized tariff subheading numbers, please see the link below: https://ustr.gov/sites/default/files/enforcement/301Investigations/Tariff%20List_09.17.18.pdf Please reference the below timeline to keep track of the upcoming Section 301 events and deadlines:                  *CBP will collect 10% duty on List 3 products until December 31, 2018. Beginning January 1, 2019, the rate will be increased to 25%.   OEC Group is committed to keeping our customers informed on current market conditions and will continue to monitor the situation as it develops.   Should you have any questions regarding this update, please contact your OEC Group Sales representative.     Sincerely yours,   OEC Group   The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com            

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09/18/2018

Chinese National Holiday - Golden Week

Dear Valued Customer,   Please note that, most OEC Group offices in China will have limited operations or be closed from Monday, October 1 through Sunday, October 7 in observance of the Chinese National Holiday week.    Kindly coordinate with your vendors to plan and book shipments in advance to avoid possible delays to cargo as result of factory/office closures, blank sailings, as well as limited port and customs operations.   Should you have any questions regarding this update, please contact your Sales or Customer Service representative.   Sincerely yours,    OEC Group  The information contained herein is provided as a public service with the understanding that OEC Group makes no warranties, either expressed or implied, concerning the accuracy, completeness, reliability, and suitability of the information. Nor does OEC Group warrant that the use of this information is free of any claims of copyright infringement. http://www.oecgroup.com

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