Trump Calls Off Oct. 15 Tariff Increases

October 14, 2019

President Donald Trump announced Friday the U.S. will hold off on the tariff hikes originally scheduled for Oct. 15, according to the Associated Press. The tariffs were set to go from 25% to 30% on $250 billion in Chinese imports.

China has, in turn, agreed to buy between $40 billion and $50 billion in U.S. farm products. The agreement also included concessions on intellectual property, according to The New York Times.

Trump told reporters it would take “five weeks or less” to get the deal in writing. However, according to U.S. Trade Representative Robert Lighthizer, this “phase one” deal does not affect the 15% tariffs on $160 billion of Chinese goods set to go into effect on Dec. 15.

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Source: https://www.supplychaindive.com

How a 25% Tariff on Food and Beverage from the EU Will Impact the US

October 14, 2019

Starting Oct. 18, the Trump administration plans to place 25% import tariffs on $7.5 billion worth of foods, beverages and other goods from the European Union.

The final product list from the Office of the U.S. Trade Representative includes single-malt whiskey, olives, butter, cheese and olive oil. Most of the tariffs will be on products from France, Germany, Spain and the United Kingdom, the USTR said in a release.

The announcement came just after the World Trade Organization’s said the U.S. can impose tariffs in retaliation for illegal EU loans and subsidies to Airbus. However, the EU could retaliate against the new tariffs once the WTO rules on whether the U.S. government illegally supported Airbus’ American competitor Boeing.

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Source: https://www.supplychaindive.com

Retail Imports to See Surge Ahead of December Tariffs

October 11, 2019

Imports at the nation’s major retail container ports are expected to hit their highest level of the year again next month just before more tariffs take effect in December, according to a recent report from the National Retail Federation and Hackett Associates.

“This is the last chance to bring merchandise into the country before virtually everything the United States imports from China comes under tariffs,” NRF vice president for Supply Chain and Customs Policy Jonathan Gold said.

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Source: https://www.mhlnews.com

Drewry Downgrades Ocean Freight Growth Forecast Again

October 10, 2019

Container shipping analyst Drewry has further downgraded its ocean freight growth forecast for this year, as new global risks “heap more pressure on beleaguered container market”.

Drewry noted: “The mood-music surrounding the container market has deteriorated further in the last three months, resulting in Drewry downgrading its outlook for world container port throughput for the current year and the rest of the five-year horizon in the Container Market Annual Review and Forecast 2019/20, recently published by Drewry Shipping Consultants.

Drewry now expects global port throughput to rise by 2.6% in 2019, down from the previous 3% expectation.

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Source: https://www.lloydsloadinglist.com

 

Where Are the PG&E Shutdowns, and When Will the Power Come Back?

October 9, 2019

Pacific Gas & Electric Co. shut down power early Wednesday morning to a wide area of Northern California and planned a second wave of outages, including the Bay Area, for around noon.

No restoration times were announced at the time of the shutdown. PG&E warned that the outages could last multiple days.

The early round of outages included parts of these communities:

Amador County (16,041 customers): Pioneer, Jackson, Sutter Creek, Pine Grove, Plymouth, Volcano, Fiddletown, River Pines, Amador City, Drytown, Martell, Ione

Butte County (29,907 customers): Oroville, Chico, Magalia, Paradise, Berry Creek, Forest Ranch, Palermo, Bangor, Cohasset, Butte Meadows, Clipper Mills, Forbestown, Stirling City, Feather Falls, Biggs, Brush Creek, Yankee Hill, Gridley, Rackerby, Butte Valley, Hurleton, Paradise Pines

Calaveras County (23,708 customers): Arnold, Angels Camp, Copperopolis, Murphys, San Andreas, West Point, Mountain Ranch, Mokelumne Hill, Rail Road Flat, Vallecito, Wilseyville, Hathaway Pines, Avery, Glencoe, Douglas Flat, Sheep Ranch, White Pines, Dorrington, Camp Connell, Tamarack, Altaville, Valley Springs

Colusa County (1,813 customers): Arbuckle, Stonyford, Williams, Sites, Maxwell

El Dorado County (51,396 customers): Placerville, El Dorado Hills, Pollock Pines, Cameron Park, Camino, Rescue, El Dorado, Somerset, Cool, Shingle Springs, Georgetown, Garden Valley, Diamond Springs, Pilot Hill, Grizzly Flats, Twin Bridges, Greenwood, Kyburz, Lotus, Kelsey, Mount Aukum, Coloma, Pacific House, Fair Play, Omo Ranch, Silver Fork, Canyon, Aukum

Glenn County (1,590 customers): Orland, Willows, Artois, Elk Creek, Glenn

Humboldt County (62,393 customers): Eureka, Arcata, McKinleyville, Fortuna, Ferndale, Rio Dell, Trinidad, Garberville, Willow Creek, Hoopa, Redway, Blue Lake, Loleta, Bayside, Hydesville, Carlotta, Scotia, Miranda, Kneeland, Orleans, Myers Flat, Orick, Petrolia, Redcrest, Whitethorn, Weott, Alderpoint, Phillipsville, Samoa, Weitchpec, Honeydew, Fieldbrook, Korbel, Blocksburg, Alton, Fernbridge, Manila, Piercy, Somes Bar, Zenia, Fairhaven, Ettersburg, Fort Seward, Fields Landing, Westhaven, Salyer, Maple Creek, Burnt Ranch, Big Lagoon

Lake (37,439 customers): Clearlake, Lakeport, Clearlake Oaks, Lucerne, Nice, Upper Lake, Lower Lake, Middletown, Kelseyville, Cobb, Hidden Valley Lake, Glenhaven, Witter Springs, Clearlake Park, Loch Lomond, Kelseyville, Finley

Marin County (9,855 customers): Bolinas, Fairfax, Mill Valley, Muir Beach, Olema, Sausalito, Stinson Beach

Mendocino County (6,476 customers): Ukiah, Potter Valley, Hopland, Redwood Valley, Boonville, Calpella, Talmage, Garberville, Leggett, Cloverdale, Piercy, Westport

Napa County (32,124 customers): Napa, Saint Helena, Calistoga, Angwin, Pope Valley, Rutherford, Oakville, Deer Park, Lake Berryessa, Yountville, American Canyon

Nevada County (43,217 customers): Grass Valley, Nevada City, Penn Valley, Rough and Ready, Soda Springs, North San Juan, Washington, Norden, Chicago Park, Cedar Ridge, Truckee, Kingvale

Placer County (51,641 customers): Auburn, Lincoln, Loomis, Colfax, Newcastle, Foresthill, Granite Bay, Meadow Vista, Penryn, Rocklin, Applegate, Alta, Dutch Flat, Emigrant Gap, Weimar, Gold Run, Baxter, Roseville, Sheridan, Christian Valley, Cool, Pilot Hill, Soda Springs, Norden, Georgetown, Greenwood

Plumas County (803 customers): La Porte, Quincy, Belden, Storrie, Twain, Bucks Lake, Tobin

Shasta County (28,727 customers): Redding, Anderson, Shingletown, Palo Cedro, Cottonwood, Lakehead, Millville, Bella Vista, Oak Run, Whitmore, Igo, Round Mountain, Montgomery Creek, Big Bend, Shasta Lake, Ono, Shasta, Burney

Sierra County (1,165 customers): Sierra City, Downieville, Alleghany, Goodyears Bar, Pike City, Camptonville

Solano County (32,863 customers): Fairfield, Vacaville, Suisun City, Vallejo, Dixon

Sonoma County (66,289 customers): Santa Rosa, Sonoma, Petaluma, Healdsburg, Cloverdale, Glen Ellen, Penngrove, Geyserville, Kenwood, Rohnert Park, Windsor, Annapolis, Stewarts Point, Cotati, Cazadero, Guerneville, Larkfield, El Verano, Boyes Hot Springs, Fulton, Bodega Bay

Tehama County (24,385 customers): Red Bluff, Los Molinos, Gerber, Corning, Mineral, Paynes Creek, Manton, Vina, Tehama, Mill Creek, Paskenta, Proberta, Flournoy, Cottonwood, Chico, Orland, Anderson

Trinity County (1,047 customers): Burnt Ranch, Del Loma, Garberville, Hawkins Bar, Kettenpom, Platina, Salyer, Wildwood, Willow Creek, Zenia

Yolo County (5,792 customers): Winters, Esparto, Guinda, Capay, Brooks, Madison, Rumsey, West Sacramento

Yuba County (6,919 customers): Marysville, Browns Valley, Oregon House, Brownsville, Wheatland, Dobbins, Camptonville, Smartville, Challenge, Rackerby, Strawberry Valley, Loma Rica, Forbestown, Clipper Mills, Bangor, La Porte, North San Juan

For the full story, please click HERE

Source: https://www.chicoer.com