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Travel clothing — and products that transform ordinary clothes into ideal wear for journeys to work and across the globe — boasts some of the most impressive innovation on the market. Visit The HUB to see a men’s blazer with countless pockets, wrinkle-free spray, tank tops with a twist, and more. READ MORE
On May 3, TGA and TGA members joined with other industry groups and companies to urge Congress to include a long and robust extension of the Generalized System of Preferences (GSP) program in any final competitiveness/anti-China legislation approved by Congress. The House and Senate are moving to conference to reconcile differences between the House and Senate versions of the competitiveness/anti-China bill. The Senate-passed bill included a long-term extension of GSP (through 2027) with some new requirements. The House-passed bill includes only a short extension of GSP with numerous new requirements that would make it hard for almost any country to remain in the GSP program. Neither bill includes much needed fixes that would allow U.S. travel goods imports to grow under the program. GSP expired on January 1, 2021. When in place, GSP allows U.S. travel goods imports from most developing countries (NOT China or Vietnam) to enter the U.S. duty-free. Thanks to GSP, U.S. travel goods imports have been able to start to move away from China.
On May 3, in response to repeated calls from TGA and many others, the Office of the U.S. Trade Representative (USTR) finally launched a review of the China Section 301 tariffs. But it remains unclear whether the end result of the Biden administration’s review will lead to the removal of the 25% punitive tariffs on U.S. travel goods imports from China, or when the Biden administration will make a final decision. According to the timelines in yesterday’s announcement, no decision will be made until Fall 2022, at the earliest. Growing inflation fears seem to be the driver behind the decision.
LOGISTICS MANAGERS’ INDEX
After reaching an all-time high of 76.2 in March, the overall LMI is down in April. This slowdown (which should be pointed out is still comfortably above the all-time average of 65.3) is largely driven by a shift in Transportation metrics. After 23 consecutive months of contraction, Transportation Capacity has finally shifted back into expansion, bumping up 11.2 points to a reading of 56.9. READ MORE
With contract negotiations nearly underway, a report hailing the benefits of automated port terminals has brought opposing reactions from the two parties at the table, the Pacific Maritime Association, and the International Longshore and Warehouse Union. Port automation is expected to be among the most contentious topics in the negotiations, which are set to begin on May 12. READ MORE
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Whether you or your kids are prone to boredom or you’re on the lookout for the best travel gifts, the travel games that made our list could easily fit the bill. Before you pack up your suitcase, car or head to the airport for your next getaway, consider adding one of our favorite travel games to your travel arsenal. READ MORE
Once upon a time, social media platforms were like jet fuel for consumer brands: You could pour a reasonable amount of money into a hyper-targeted ad campaign and watch your revenue skyrocket. That moment has passed. READ MORE
Despite the thriving and evolving digital economy, leaders still need to strike a healthy balance between their company’s online and offline presence if they want their business to remain relevant to current and prospective customers. READ MORE
With U.S. travel expected to reach pre-pandemic levels this year and an increasing number of companies supporting remote working, it’s important to keep these travel tips in mind before your next adventure. READ MORE
Bookings on Airbnb hit a new high in this year’s first quarter, the home rental platform reported earlier this week, in a fresh signal that travel demand stifled by the COVID-19 pandemic is being unleashed. READ MORE
THE SEATTLE TIMES
How do you keep all your stuff organized when you travel? That question is harder than ever to answer because travel has changed since the beginning of the coronavirus pandemic. Now you have to juggle your ID or passport with your boarding pass and COVID-19 paperwork, including your vaccine documentation and PCR or antigen test, if they’re still required. READ MORE
Missed last week’s issue? See which articles your colleagues read most.
- Higher Inflation Factors into Review of Tariffs on Chinese Goods (REUTERS)
- 9 Secret Travel Hacks Flight Attendants Always Use (BESTLIFE)
- Need Companies to Sign GSP Letter to Congress (TGA)
- People Are Getting Travel Ideas from Social Media — Often With Hilarious Results (CNBC)
- As Prices and Coronavirus Cases Rise, Americans Are Conflicted About Their Long-Awaited ‘Revenge Travel’ Summer (MARKETWATCH)