Let people know who you are – promote your company within the travel goods community with a FREE Member Profile in Travel Goods Showcase and the TGA website. Broadcast your brand, company mission and key products to the best retailers, distributors and reps in the industry. The cost is free, but the networking’s real. Contact Cathy Trecartin, firstname.lastname@example.org, 877-842-1938, x-702, and let TGA help spread the good word on your behalf.
On September 30, TGA joined dozens of other industries in urging Congressional leaders to strike a deal on a new stimulus deal that is critical to sustain the ongoing economic recovery and provide critical assistance for our industry. TGA had previously detailed its priorities for any stimulus package.
On September 25, the U.S. Treasury Department announced that it delayed the wind-down deadline for its sanctions on the Xinjiang Production & Construction Corps (XPCC) until November 30, 2020. The original deadline was yesterday (Wednesday, Sept. 30). TGA helped lead the effort to delay the sanctions deadline because of the due diligence needed to determine the scope of and potential nexus with XPCC subsidiaries. Note: The wind-down deadline only applies to XPCC subsidiaries; all financial transactions with XPCC itself should have ended July 31, 2020.
U.S.-China Trade: Soybeans, Corn and Cars Surge, But Beijing Still Not Close to Meeting Demands of Deal
SOUTH CHINA MORNING POST
President Trump campaigned on reducing if not eliminating the U.S. trade deficit. He has failed to deliver on this promise as the trade deficits in 2018, 2019 and 2020 (based on the current pace) will be the largest since 2008, before President Obama took office. READ MORE
About 3,500 U.S. companies, including Tesla Inc., Ford Motor Co., Target Corp., Walgreen Co. and Home Depot have sued the Trump administration in the last two weeks over the imposition of tariffs on more than $300 billion in Chinese-made goods. The suits, filed in the U.S. Court of International Trade, named U.S. Trade Representative Robert Lighthizer and the Customs and Border Protection agency and challenge what they call the unlawful escalation of the U.S. trade war with China through the imposition of a third and fourth round of tariffs. READ MORE
Retail bankruptcies, liquidations and store closings in the U.S. reached records in the first half of 2020 as the COVID-19 pandemic accelerated industry changes – particularly the shift to online shopping – according to a report by professional services firm BDO USA LLP. READ MORE
These COVID-era days, fewer people want to sit on a plane literally rubbing elbows with strangers, so they’re looking for alternative ways to travel that minimize close contact. For journeys where driving or taking a train are impractical, there’s another alternative that may actually be more accessible than most people think: flying a private jet. While traveling by private aircraft may still be expensive, it’s no longer an exclusive privilege reserved only for the ultrarich and C-Suite business executives. READ MORE
The pandemic has altered not only retailers’ financial outlook for the year but their long-term direction. Some retailers have filed for bankruptcy, laid off thousands of employees and are in the process of liquidating stores. Others, such as Target, Home Depot, Peloton and Lululemon, have benefited as consumers fix up their homes, look for ways to entertain themselves and adapt their daily routines and wardrobes. Here’s a closer look at some ways that the pandemic has forever altered the retail landscape. READ MORE
In a world of increased flux and uncertainty, today’s sense of normal continues to shift and slide to find its place in our lives and work. Amid significant business changes, leaders need to dig deeper into their sense of courage, empathy, and trust. Leadership practices can determine how teams feel, observe, and lean on in times of crisis and ambiguity. Your team will remember how they were led throughout this period. READ MORE
It turns out that pepper-spraying each other for a discounted flat-screen TV was never really a necessary part of the holiday shopping experience after all. This Black Friday, a number of popular retail outlets are shifting away from the traditional “doorbuster” shopping model in favor of a less chaotic and more socially distanced approach. READ MORE
At a time when tensions between China and the U.S. are high, the concern over how China treats personal information has given way to threats of banning the platform from the U.S. For marketers, this decision could mean losing a profitable channel to connect with users and customers. With that in mind, we decided to ask marketing experts about their thoughts on TikTok and how this series of decisions impacts the marketing ecosystem. READ MORE
THE NEW YORK TIMES
Home-sharing’s challenges aren’t only about social distancing and hygiene. Overtourism, racial bias, fee transparency and controlling the party crowd are also in the mix. READ MORE
Is It Safe to Travel for the Holidays? We Interviewed Experts on Risks Associated with Flying, Booking Hotels or Airbnbs, Renting Cars and More
After months of quarantine, both mandated and self-imposed, most people are bored, weary, lonesome, and cooped up. For many, a significant period of time has passed since they’ve seen family and loved ones. As such, the upcoming holiday season poses a complex set of questions, especially when it comes to travel. Important among them is: Is it safe to travel for the holidays this year? READ MORE
Missed last week’s issue? See which articles your colleagues read most.
- Ship by FedEx with TGA – Save More Than 40% Over UPS (TGA)
- Trump’s Tariffs Violated Global Trade Rules, WTO Says (CNN)
- Gear Designed to Ease the Burden of Traveling During COVID-19 (52 PERFECT DAYS)
- The Flight Goes Nowhere. And It’s Sold Out (THE NEW YORK TIMES)
- Can Airport Testing and COVID Immunity Passports Unlock Travel? (CNN)