Daily Digital Magazine: Pg. 1 — January 4, 2019

Customs brokers fret over border closure threat

The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”

   The National Customs Brokers and Forwarders Association of America warned that closure of the U.S.-Mexico border would cause an “economic disaster.”
   “Laredo [Texas] is the United States’ largest inland port and processes between 10,000 and 12,000 trailers daily,” said Jose Gonzalez, president of customs broker J.D. Gonzalez and a NCBFAA board member in a statement Friday. “Many of the largest importers use the Port of Laredo, so closing the border would have a big impact, both nationally and locally.”

Customs brokers fret over border closure threat

The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”

Customs brokers fret over border closure threat

The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”

 
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   The National Customs Brokers and Forwarders Association of America warned that closure of the U.S.-Mexico border would cause an “economic disaster.”
   “Laredo [Texas] is the United States’ largest inland port and processes between 10,000 and 12,000 trailers daily,” said Jose Gonzalez, president of customs broker J.D. Gonzalez and a NCBFAA board member in a statement Friday. “Many of the largest importers use the Port of Laredo, so closing the border would have a big impact, both nationally and locally.”
   NCBFAA President Amy Magnus added, “The NCBFAA believes that completely closing the southern border would create unthinkable disruption and chaos and would solve nothing.”
   President Trump threatened in a Dec. 28 tweet to use the option of closing the border with Mexico if he does not secure the funding to complete the construction of a wall between the two countries.
   According to the U.S. Census Bureau, two-way trade between the United States and Mexico exceeded $512 billion in 2018. This accounted for nearly 15 percent of the United States’ total trade last year, making Mexico the third-largest trading partner with the U.S., behind China and Canada.
   Alone, the Port of Laredo, which claims about 100 U.S. customs brokers, 500 freight forwarders and 200 trucking companies, handled about $215 billion in imports and exports last year.
   The NCBFAA said closing the border is avoidable and urged the White House and Congress to “work together to find a safe, effective and economically sound border security solution that does not resort to a full border shutdown.”

We’ve been understanding during this negotiation process, but we cannot withstand another year in which our most important foreign market continues to slip away and soybean prices are 20 to 25%, or even more, below pre-tariff levels.

Yang Ming Marine Transport Corp. posted revenues of NTD 35.08 billion (U.S. $1.14 billion) for Q1 2019, up 13% year-over-year, while fellow Taiwanese shipping company Evergreen Marine Corp. posted revenues of NTD 45.70 billion for Q1 2019, up 24% year-over-year.

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Customs brokers fret over border closure threat

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Customs brokers fret over border closure threat

The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”

Jan 04, 2019 on Dec 27, 2018AmericanShipper.com

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Customs brokers fret over border closure threat

The National Customs Brokers and Forwarders Association of America warned closing the U.S.-Mexico border would cause an “economic disaster.”

Jan 04, 2019 on Dec 27, 2018AmericanShipper.com