Hitchcock & King’s Post

Very topical and hopefully helpful webinar coming up TOMORROW and it's not about SMS! Instead, it's about TARIFFS. The webinar is called: What New Trade Policies Mean for Ecom Companies Today: A Live Q+A During this live event, we'll be covering: - The impact of a Day 1 promise on tariffs and what we can expect - An overview of the changes made on December 20, 2024 in Mexico impacting the de minimis exception in section 321 of the US Tariff Act - Next steps and advice on how to navigate moving your fulfillment needs and where you might be able to seek exclusions from the new tariffs -A live Q+A at the end register here! https://lnkd.in/gM-qh39b

Don’t miss out on our webinar happening this Thursday, January 16th at 12pm ET! While we’re all probably sick of the annual forecast webinars where the experts all tell us what we should expect for the year ahead, this is NOT that kind of webinar. Instead of yet another forecast webinar, SEM chooses to look at what the DATA says so you can set proper expectations. Here are some of the topics that will be discussed: What we should expect from tariffs and the Trump 2.0 Trade War What the President can and cannot do on Inauguration Day The likely impact of some of President Trump’s most popular campaign promises What could go WRONG in 2025 How SEM plans to address what is likely to be a volatile year If you have any questions or issues you’d like to address, let us know so we make sure they are a part of the discussion. Sign-up for the webinar here: https://lnkd.in/epXbBNCx

With uncertainty coming to the market due to impeding trade case, we are here to help your business navigate any of the challenges it may bring. Reach out to us for more information and to learn more how our services can benefit your organization. 

Looking to register a trade mark? You'll need to specify goods/services using the classification system. Our Search UK Trade mark Classes service simplifies this process, helping you find and classify what you need for registration. Learn more [link]: https://ow.ly/q8zb50Rak6f

The wide range of possible outcomes has many firms waiting to see what the actual trade policies will be before enacting a final plan. Others are already moving ahead with elements of their supply-chain strategy. #supplychain #tariffs

Biden Administration Takes Action to Protect Consumers and Businesses from De Minimis Abuse • The Biden-Harris Administration announced new actions to address the increased abuse of the de minimis exemption, particularly by China-founded e-commerce platforms. • The surge in de minimis shipments, which now exceed one billion annually, poses challenges in enforcing trade laws, health and safety requirements, and intellectual property rights. • The Administration intends to issue new regulations to exclude certain products from the de minimis exemption, including those subject to tariffs or trade enforcement actions. • Additional measures aim to improve accountability and enforcement by requiring more detailed information for de minimis shipments and strengthening consumer product safety regulations. • The Administration calls on Congress to pass comprehensive de minimis reform legislation to further protect American consumers, workers, and businesses. https://lnkd.in/gFhTK__y

As we are approaching a new political landscape in early 2025, many of our corporate members in the #manufacturing industry will be affected by the changes in trade policies that are expected. We recently came across this insightful article from IndustryWeek sharing fives ways manufacturers can prepare for the changing tariff landscape. https://lnkd.in/eh5G5j9K

🗒️: Last week, the House Ways and Means and Senate Finance Committees held hearings with US Trade Representative Katherine Tai on “The Administration’s 2024 Trade Priorities” where important programs like the Miscellaneous Tariff Bill (MTB) and the Section 301 tariffs were discussed. Learn more about SOCMA's takeaways and the actions we'll take on behalf of the specialty chemical industry on these key trade issues. https://lnkd.in/ezrxVJzu

Latest on potential trade actions today - a review by key agencies to investigate unfair trade practices and trade deficits, but no #tariffs, yet - https://lnkd.in/eMd3engH

New Rulemaking to Reduce De Minimis Volume and Strengthen Trade Enforcement: The Biden Administration is taking decisive action to protect American businesses and consumers by addressing the misuse of the de minimis exemption, which allows low-value shipments (under $800) to enter the U.S. duty-free. This loophole has been heavily exploited by Chinese e-commerce giants like Shein and Temu, flooding the market with cheap goods and bypassing tariffs. Key measures include: -New Rule Proposal: Banning tariffed products from qualifying for the de minimis exemption. -Enhanced Data Requirements: Mandating detailed shipment information to better track and block unsafe or unfairly traded products. -Legislative Push: Encouraging Congress to pass comprehensive reforms to close this loophole.