Insights

A case has been presented to the Court of International Trade (CIT) questioning the legality of the implementation of Section 301 duties on List 3 and List 4A. Impacted importers had the opportunity to file suit in September of this year. Some trade attorneys and industry guidance are advising that importers can still join the litigation on a rolling basis, if they haven’t already. There has been a lot of discussion about ‘what’s next’. What additional actions should companies take to ensure the highest probability of a duty refund if the litigation is successful?

Rates from China seem to have lost their steam though inclement weather, Covid-19 restrictions and space difficulties are raising airfreight rates from Southeast Asia. With more lockdowns on the horizon for the northern hemisphere, foodstuff is one industry that is hoping for a less painful 4th quarter.

After a swift jump in airfreight rates last week, the market appears to be stabilizing (or has it?). Taiwan’s Civil Aeronautics Administration (CAA) and China’s China Aviation Development Foundation (CADF) met last week to discuss the outlook of airline stability in a post-Covid-19 world as preparations are underway in anticipation of the future distribution of a virus vaccine. Here is a quick summary of what we are seeing so far this week.