April 16, 2020 Facebook  Instagram  Twitter  LinkedIn
TGA Industry News Briefs
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TGA Needs Industry CEOs to Sign Letter on Duty Deferral/Tariff Exclusions

TGA
TGA needs industry CEOs to sign a letter to President Trump and Congress urging them to 1) Defer duties for 180 days and 2) Grant pending tariff exclusion petitions on travel goods under the Tranche 3 China 301 tariffs. The letter focuses on the unique nature of the industry and highlights the devastating impact this crisis has had on a small industry, mostly comprised of small businesses who depend on travel. If CEOs are interested, please send the following information to TGA's Nate Herman by close of business tomorrow (Friday, April 17):
  • Name
  • Title
  • Company
  • City and state
Please also share how much you owe in duties between now and the end of April. The data will be kept confidential and aggregated for the purpose of the letter.

Financial Relief Resources for U.S. Business Owners

TGA
Sifting through the available financial relief options – Economic Injury Disaster Loans, Paycheck Protection Program, large-business loans and federal tax credits and deferrals – is challenging. Look to the Coronavirus Relief Resources for U.S. Business Owners document for a plain-English summary to help guide you to the best solution for your business. And check back with TGA’s COVID-19 Industry Updates page for the latest developments and TGA’s ongoing efforts to safeguard the industry.

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IMF Predicts Global Contraction on Par with Great Depression

POLITICO

The global economy is expected to contract by 3% in 2020 as a result of the coronavirus pandemic, the International Monetary Fund predicted in its annual World Economic Outlook released Tuesday. "It is very likely that this year the global economy will experience its worst recession since the Great Depression, surpassing that seen during the global financial crisis a decade ago," IMF Economic Counsellor Gita Gopinath wrote in the report. READ MORE

Is the COVID Crisis the Catalyst for More Sustainable Supply Chains?

JUST-STYLE

Since the coronavirus pandemic began to unfold, many of us have fallen into a new routine: making back-to-back Zoom calls from home offices, exchanging emails full of disheartening updates, and confronting an exhausting array of management dilemmas arising from unprecedented circumstances. The virus’ impact has devastated brand and retailer sales, supply chains, partners and importantly – the workers who contribute their labor. READ MORE

Retail Workers Desperately Need Masks

VICE

Earlier this month, the CDC officially recommended that everyone wear cloth masks in public to slow the spread of COVID-19, regardless of whether or not they are exhibiting the deadly disease’s symptoms. But retail employees, warehouse workers, and others whose jobs have been declared “essential” during the pandemic are still finding themselves without protective equipment – and some huge companies are advising that their employees make it themselves. READ MORE

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Advertisement TRAVEL SENTRY

It's Less Risky to Book Future Travel Right Now Than You Might Think

CNN

You can start planning and booking today, depending on your flexibility, risk tolerance and willingness to take an active role in following the latest developments. Jesse Neugarten, CEO and founder of the million-plus member discount subscription service Dollar Flight Club, has seen his members booking travel from July onward. READ MORE

What Good Leadership Looks Like During This Pandemic

HARVARD BUSINESS REVIEW

The speed and scope of the coronavirus crisis poses extraordinary challenges for leaders in today’s vital institutions. It is easy to understand why so many have missed opportunities for decisive action and honest communication. But it is a mistake to think that failures of leadership are all we can expect in these grim times. READ MORE

Mnuchin Flexes Muscles on Airline Coronavirus Aid – a Taste of What Other Companies May Face

CNBC

The Treasury Department is sending a message to large companies weighing government aid to weather the coronavirus pandemic: No free rides. Negotiations between airlines and the department over payroll grants have dragged on longer than expected after the Treasury Department requested more information and proposed additional conditions for the aid, a hint of what companies could face as they seek government assistance to blunt the impact of the virus and harsh measures like shelter-in-place orders aimed at slowing its spread. READ MORE

Why Small Businesses Need Social Media Marketing Now

VALLEY NEWS

With industry leaders pushing hundreds of thousands of dollars into Facebook ad campaigns and posting every minute on Twitter, it is easy to become discouraged when it comes to venturing into social media marketing but the fact of the matter is: You need to start now. Small businesses everywhere are building their social media presence and managing successful campaigns. Here are five reasons why. READ MORE

The First Coronavirus Stimulus Checks Were Deposited This Week – Here’s When You Can Expect Yours

CNBC

The first wave of stimulus relief checks were deposited into some Americans’ bank accounts over the weekend, according to the IRS. Millions more can expect to receive theirs in the coming weeks as part of the $2.2 trillion stimulus bill passed to aid Americans suffering financially as a result of the coronavirus pandemic. To help taxpayers check the status of their payment, the IRS is rolling out a tracking tool called “Get My Payment” by April 17. The tool will also let users update their direct deposit information with the IRS. READ MORE

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