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TGA Industry News Briefs
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Mindfulness is Good Business

TGA

Mindfulness is trending, for obvious reasons. With round-the-clock texts, email and omnipresent cell phones, plus the usual distractions of home and work, it’s no surprise people are attracted to moments of peace and focus on the present. Which is precisely what makes The Travel Goods Show good business, drawing the industry together to focus on new products and connections, without a lot of background noise. Exhibiting at The Show is pure focus without distraction, digital or otherwise. Contact Cathy Trecartin and discover how The Show helps you reach new retailers, mindfully – cat@travel-goods.org, 877-842-1938, x-702.

TGA Webinar TODAY, President Trump Raises Tariffs to 30% on Oct. 1 as Exclusion Process Continues

TGA

On August 23, in a tweet, President Trump announced that he will raise the punitive tariffs on U.S. imports of travel goods from China to 30%, effective October 1. Note, this is in addition to normal tariffs already paid on imported travel goods.

Meanwhile, this afternoon (Thursday, September 5), TGA will hold a webinar on the exclusion process (details, web portal, letter to USTR, webinar recording) from Tranche 3 tariffs, including the 25% tariffs on U.S. imports of travel goods from China. (Register for the webinar HERE.) If an exclusion is granted on a certain product, any U.S. import of that product is eligible for refunds of all punitive tariffs paid since September 2018 and is excluded from paying punitive tariffs for one year after the exclusion is granted. As of September 4, a total of 12,344 exclusion petitions have been filed for Tranche 3, of which 36 companies filed a combined 134 petitions requesting exclusions for certain travel goods.

TGA strongly encourages interested companies to file their own petitions and/or support existing petitions by filing responses in SUPPORT of petitions. The deadline to file petitions is September 30. As of today, the Office of the U.S. Trade Representative (USTR) has granted exclusions for 15 petitions (none in the travel goods space) and denied 94 petitions, including 12 travel goods petitions. Please contact TGA’s Nate Herman (nate@travel-goods.org) if you have questions or would like additional information.

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Trump Was So Angry After China’s Trade Retaliation That He Wanted to Double Tariffs

CNBC

President Trump wanted to double tariff rates on Chinese goods last month after Beijing’s latest retaliation in the trade war before settling on a smaller increase, three sources tell CNBC. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer then enlisted multiple CEOs to call Trump and warn him about the impact such a move would have on the stock market and the economy. READ MORE

Holiday Retail Trends Start to Take Shape

PYMNTS.com

Now that summer is unofficially over comes the really interesting part of the year for retailers – the march toward the holiday shopping season. And the trends that promise to shape that season are emerging. READ MORE


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Readers’ Laundry Tips and Secrets for Keeping Clothes Clean While Traveling

LOS ANGELES TIMES

Too cheap to send my laundry out, too pressed for time to sit in a commercial laundromat, I lamented my lame attempts to do hand laundry on the road in a recent column, “Dirty Little Secrets of Doing Hand Laundry on the Road.” I asked readers for their secrets of laundry success. I cleaned up, so to speak. Here are some of their awesome tips. READ MORE

Inside the Complicated World of the Travel Influencer

CNN

Travel influencers make a living by sharing their globetrotting experiences on social media and personal blogs. They get freebies, discounts or payments for promoting places, products and experiences via their accounts. The past few years have seen a relative explosion in the number of people apparently carving careers via this route. But it's a trend that may now have reached saturation point, with some hotels and other travel industry organizations growing weary of influencer demands and becoming increasingly doubtful of the commercial benefits. READ MORE

Off the Rails: How Brexit Threatens a Popular Travel Program for Young Britons

LOS ANGELES TIMES

The Interrail is a train pass for European citizens that allows travel to 31 countries within a certain time frame – much like the Eurail passes long popular among American travelers to Europe. The Interrail system, founded in 1972, was once seen as a rite of passage for young Europeans on a shoestring budget; these days, Interrail competes with budget airlines for youth ridership. READ MORE

The Inherent Failures of Long-term Contracts – and How to Fix Them

HARVARD BUSINESS REVIEW

Oliver Hart, Nobel-winning Harvard economist, and Kate Vitasek, faculty at the University of Tennessee, argue that many business contracts are imperfect, no matter how bulletproof you try to make them. Especially in complicated relationships such as outsourcing, one side ends up feeling like they’re getting a bad deal, and it can spiral into a tit for tat battle. Hart and Vitasek argue that companies should instead adopt so-called relational contracts. Their research shows that creating a general playbook built around principles like fairness and reciprocity offers greater benefits to both businesses. READ MORE

How Can You Be Sure Someone Has True Leadership Skills? Look for Any of These 6 Rare Signs

INC.

Leadership seems to come naturally to some, though it may come at a price. You first need to grow up. So declares venture capitalist-turned-leadership coach Jerry Colonna, the "CEO Whisperer" known to make founders and CEOs cry by asking tough personal questions. In his new book, REBOOT: Leadership and the Art of Growing Up, Colonna explains the value – and challenges – of self-inquiry, with key steps to more effective leadership. READ MORE

The 9 Air Travel Trends We’re Most Excited About This Year

CONDÉ NAST TRAVELER

In addition to new technology and fleets, we're excited about these nine changes taking hold in the air travel industry. Here, in no particular order, are some of the top trends in air travel that have us excited to keep flying – and seeing more of the world. READ MORE

The First Commercial Space Hotel Plans to Have a Low-gravity Basketball Court and Views of Earth from Bed

TRAVEL + LEISURE

There may come a day when visiting a space hotel will be a normal vacation option. And that day may come faster than you think. "Eventually, going to space will just be another option people will pick for their vacation, just like going on a cruise, or going to Disney World," Tim Alatorre, the senior design architect for the Von Braun Rotating Space Station, which could become the world’s first space hotel, told Dezeen. READ MORE

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