Trump Announces September 1 Import Tariffs from China
On August 1, U.S. President Donald Trump announced that beginning September 1, a tariff of 10 percent would be placed on the remaining $300 billion of Chinese imports to the USA that had not previously been subject to tariffs. The new tariffs are expected to hit consumer wallets hard – the tariffs will be placed on items like electronics, apparel...
Hanoi Office New Location
Speedmark Logistics Company Ltd, Hanoi branch moved effective June 24, 2019.
India to Lose GSP Status with USA on June 5, 2019
On May 31, 2019, President Trump announced that India would lose its Generalized System of Preferences (GSP) status effective June 5, 2019. India’s GSP status is being revoked because President Trump feels that India is not providing the U.S. “equitable and reasonable access to its markets.” India’s loss of GSP status follows Turkey’s, and comes on the heels of a...
Vietnam Exports to USA Surged in Q1 2019
Vietnam was one of the fastest-growing sources of American imports from Asia last quarter, and could potentially overtake the U.K. as a bigger supplier to the U.S. Imports from Vietnam jumped 40.2% in the first three months of 2019 from a year earlier. At the same time, American imports of Chinese commodities plunged 13.9% as trade tensions between the two...