Technology is king. More and more aspects of our lives are going digital and online. Not surprisingly, the shipping industry is being swept up in the tech wave, too. The passage of goods through the border is increasingly done in real time, online and by computers at customs offices. Transport trucks are GPS enabled. Packages are live tracked every step of their journey.
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Blog Posts
Every industry has its jargon and insider-speak. Shipping and logistics is no different. Thankfully, when you get bogged down in letters that just don’t add up, help is at hand – your friendly Cole customs broker will gladly field your questions; CBSA’s “frequently used” acronym list with definitions is online, and our own blog pages have some answers, too.
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Section 301 of the U.S. Trade Act of 1974 authorizes the U.S. president to take all appropriate action, including retaliation, to obtain the removal of any act, policy or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable or discriminatory and that burdens or restricts U.S. commerce.
This June, President Trump imposed Section 301 tariffs on a wide range of goods from China in response to U.S. concerns regarding forced technology transfer, hacking, and intellectual property theft. The tariffs took aim at several thousand products — mostly industrial goods and components like fiberboard, woven glass fiber, and electrical conduit tubing.
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