Amazon Sellers Call on Congress to Delay Enforcement of New Law (ecommercebytes.com)

The Inform Consumers Act is effective on June 27. Federal Trade Commission Civil Penalties for non-compliance are $50,120 per violation. This law provides transparency about the seller.

Advance Cargo Information System (nafeza.gov.eg)

Note Documents must be sent to Egypt Customs 48 hours before DEPARTURE from origin for risk evaluation .  

Baldwin, Cassidy Introduce Bill to Stop China from Exploiting Loophole that Undercuts U.S. Manufacturers, Allows Fentanyl in U.S. | U.S. Senator Tammy Baldwin (senate.gov)

This is a must read if you import small packages 

Supply Chain Reliability Deteriorates, Prompting Pulling Forward of Orders ahead of Peak Season - Global Trade Magazine

Expect a flat peak season. Container pricing has declined by 60-80% since June 2021.  The National Retail Federation says US sales are slowing.  Exporters in China are pausing investments  

The U.S. Fiscal Outlook Has Gotten Worse Over the Past Year — Here’s Why (pgpf.org)

Economic factors impact small businesses. EMTC offers diverse perspectives on topics of concern for SMEs.  Of the 3.3Trillion in cumulative  deficit increase, $1.5 trillion is attributed to legislation passed in the past year.  Mandatory outlays increased by $824Billion due to legislation.  

Jobs, housing, consumer and economy news that matters | U.S. Chamber of Commerce (uschamber.com)

What's important for e-sellers? Credit card debt is surging; consumers are spending; interest rates remain high and economists are lukewarm on the economy.  EMTC offers our members and friends  diverse opinions on tax, trade and transportation to allow members to make informed opinions. 

ILWU Canada West Coast port workers support strike in landslide vote (ampproject.org)

Vancouver facilitates 15% of US inbound and outbound trade  Add to this work stoppages at US West Coast ports and the start of labor negotiations for East/Gulf ports ahead of a 2024 expiration date.

Walmart nears tipping point in e-commerce battle with Amazon (msn.com)

Walmart is transforming its stores into a logistics network. 

Arlington, VA--

Today, EMTC released Redline Version 2 of its Proposal for 21st Century Customs Framework (21CCF) and submitted it to the Customs Operation Operations Committee (COAC) for inclusion in the public record for the meeting on June 14, 2023.  COAC will makes its recommendations for 21CCF.

EMTC is a member of 21CCF Task Force and has drafted its own proposed statutory changes to Title 6 and Title 19 for customs modernization legislation.

Arlington, VA--

Today, EMTC filed its written statement to the House Ways and Means Committee concerning the May 25th HWM Trade Subcommittee Hearing on Modernizing Customs Policies to Protect American Workers and Secure Supply Chains.  

Among the prominent issues discussed during the hearing and addressed in EMTC's written statement is de minimis threshold for shipments under 19 U.S.C.  section 1321.