On June 30, the U.S. government opened the portal to request exclusions (details, web portal) from Tranche 3 tariffs, including the 25% tariffs on travel goods. As of July 10, 4 companies have filed a combined 28 petitions requesting exclusions for certain types of travel goods (out of a total 367 petitions). Please go to the TGA/AAFA July 2 webinar on the exclusion process for more details (letter to USTR, webinar recording). There will be a 14-day period, once a petition is live on the portal, during which the public can file a response (in opposition or in support). That means your company can file responses in support (or in opposition). For example, most of the travel goods petitions were filed on July 1, which means the 14-day response period for those petitions closes July 15. The deadline for petitions is September 30. You will hear more from TGA in the next few weeks on the exclusion process.
Lighthizer, Mnuchin spoke with Chinese Vice Premier Liu He on Tuesday
Top U.S. trade officials spoke with their Chinese counterparts Tuesday as Washington and Beijing work to iron out a trade deal. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin spoke to Chinese Vice Premier Liu He and Commerce Minister Zhong Shan “to continue negotiations aimed at resolving the outstanding trade disputes” between the world’s two largest economies, according to a U.S. official. The official said “both sides will continue these talks as appropriate.” READ MORE
Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State BLOOMBERG
The world’s largest supplier of consumer goods says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions. China will see more factory shutdowns as the trade war that’s roiled the global supply chain exacerbates an exodus, said Spencer Fung, chief executive officer of Li & Fung Ltd. The company, which designs, sources and transports consumer goods from Asia for some of the world’s biggest retailers including Walmart and Nike, is being pushed by American clients to shift production out of China. READ MORE
Tesla Will Suggest Travel Destinations with In-car Navigation, Says Elon Musk ELECTREK
Tesla is planning to suggest travel destinations to owners with in-car navigation in an upcoming software update, according to CEO Elon Musk. We often hear from Tesla owners that the Supercharger network actually drives them to go on road trips more than they would in a regular car, especially since Tesla has been offering unlimited free Supercharging to owners. Now, Tesla is actually planning to suggest some destinations. READ MORE
7 Signs That Instantly Identify Someone with Bad Leadership Traits INC.
Do you work in a toxic environment under bad leadership? If you do, and you choose to keep your job, there comes a time when you need to hold up the mirror and decide if it's worth it. Clearly understanding the characteristics of a person exhibiting bad leadership is important. Here are seven to raise your awareness. READ MORE
What Retailers Can Learn from Bed Bath & Beyond’s Current Woes
Once the pre-eminent home goods brand, Bed Bath & Beyond is in the midst of massive upheaval as it struggles to cope with the pressure it's facing from discounters and online pure-play brands, particularly when it comes to pricing. And yet, while Bed Bath & Beyond is currently in the spotlight, it's not the only legacy retailer struggling to compete on the pricing front with emerging retail brands. So, what can be done?
You Can Renew Your Passport Within 24 Hours with FedEx
TRAVEL + LEISURE
You’re just about to leave for that trip you’ve been planning for ages. Everything is ready. The hotels are booked, the flights are confirmed and your itinerary is planned. But there’s this nagging feeling that you’ve forgotten something. What’s the status of your passport? For those to whom the horror of horrors occurs, FedEx now offers a service that will get you a new passport in just 24 hours.
The Retail Landscape Isn't Done Shifting INC.
The world of retail looks nothing like it used to. Malls are dying, online sales are booming and retailers are scrambling to figure out what comes next. Fortunately, the mystery isn't as mysterious as it seems. Despite the noise about the rise of digital and the fall of physical, e-commerce represented only 14.3% of retail sales in 2018, 40% of which went to Amazon. Most people still prefer to buy in person. That buying experience just doesn't look like it used to.
This Airport Has a Massive Slide That Will Take You to Your Gate TRAVEL + LEISURE
Not a lot of people can say that airports are actually fun – but things are different at Changi Airport in Singapore. Often called one of the best airports in the world, this incredible, beautiful, and actually fun airport has one thing that many do not: a slide that gets you to your gate in the best way possible.
5 Essential Content Marketing Metrics to Measure SOCIAL MEDIA TODAY
Content marketing is an effective way to generate traffic, leads, and become a thought-leader in your industry. Are you currently running a content marketing campaign? Better yet, are you measuring it? Producing high-quality and actionable content is great, but what really matters is if it’s driving results for your business.
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