Newsflash: “List 3” Chinese goods from 10% to 25% effective May 10

Dear Valued Customer, Please be advised that the Federal Register has now been amended to reflect the current Administration’s decision to increase Section 301 tariff rates on “List 3” Chinese goods from 10% to 25% effective May 10, 2019. U.S. Customs has issued the following guidance regarding the effective time of entry as it relates
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Newsflash: U.S. Customs (“CBP”) Voiding Importer of Record Numbers

Dear Valued Customer, Please be advised, that U.S. Customs (“CBP”) has begun voiding Importer of Record numbers that they deem to be inactive. CBP considers an Importer of Record number that has not been used in over one year and does not have any pending Customs transactions associated with it to be inactive and thus
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Newsflash: India and Turkey to be Terminated from GSP

Dear Valued Customer, Please be advised, India and Turkey will be terminated from Generalized System of Preferences (“GSP”) according to U.S. Trade Representative (“USTR”). Roughly $5.6 billion of Indian goods & $1.7 billion of Turkish goods benefited from duty-free entry into the U.S. under GSP, a program that effectively exempts India, Turkey, and other nations
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Newsflash: Exclusion Process Mandated for Tariffs on $200 Billion in Goods from China

Dear Valued Customer, Please be advised, U.S. Congress has ordered the creation of a process for requesting product-specific exclusions from the Section 301 additional tariffs on $200 billion worth of imported goods from China. These tariffs are currently 10 percent but are scheduled to be increased to 25 percent as of March 2, 2019. The
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Magnate Worldwide Welcomes Dante Fornari as New CEO

Chicago, IL – February 1, 2019 –Magnate Worldwide (“MWW”) today announced the appointment of Dante Fornari as its new Chief Executive Officer. Fornari is an accomplished executive with more than 25 years of experience in the Transportation and Logistics industries. As CEO of Magnate Worldwide, Mr. Fornari will assume overall responsibility for the strategic direction,
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