News

Record air freight rates have been recorded on TPEB routes as air freight capacity is struggling to keep up with the soaring demand for medical supplies.

On April 19, 2020, an executive order was issued instructing the Secretary of the Treasury to temporarily extend deadlines for estimated duty.

Due to the recent concerns regarding medical equipment and supplies being exported by unlicensed manufacturers, the Chinese government has enhanced the quality control of medical goods.

Like many organizations that work with the art industry, Masterpiece International has seen a sharp decline in activity in past weeks. To help address the situation, Masterpiece is working on efforts to help artists and art handlers where it can.

For those who may have questions about ‘Essential Workers’, please review your state and local advisories for the most relevant information, for your situation.

Our staff is fully operational and available through our standard forms of communication. Our office phones have been forwarded so that our staff can be reached remotely. Our coordinators have access to company email and databases without any compromise to our rigorous data security protocols. We have implemented a safety protocol for our on-airport staff, which allows us to continue to offer supervision and tarmac services across the country.

As the Coronavirus spreads across the globe, it has and will continue to have an impact on work and personal lives.

Yesterday, the President announced an unprecedented travel ban from most of Europe. U.K., Ireland and non-Schengen countries will remain unaffected.

Over the past week, we have watched the Coronavirus story develop in many countries around the world, with it spreading across oceans and into previously unharmed areas.

Each day we are finding marginal improvement in China, however we need to stress that the situation is far from resolved.

The impact of the Coronavirus in China, where close to 60 million people are living in cities on lockdown, is fluid. Below you may find a chart and notes provided by our partner agents to serve as an update.

Dear Valued Customer, The U.S. Trade Representative (“USTR”) has announced that the Section 301 tariff on ‘List 4A’ goods from China will be reduced from 15 percent to 7.5 percent, effective as of February 14, 2020. This change is a result of the “Phase One” trade...