Twitter Weekly Updates for 2010-04-30

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RILA: Tariffs on Chinese Goods Would Negatively Effect U.S. Businesses

The Retail Industry Leaders Association reacts after a hearing about China’s exchange rate policy and the current trade imbalance that went before the Senate Banking Subcommittee on Economic Policy, states the American Shipper magazine.  The hearing discussed legislation that would allow duties to be imposed on Chinese imports to address currency undervaluation allegations.

“Higher tariffs have never proven to be a wise solution for American economic growth,” said Stephanie Lester, RILA vice president for international trade. “RILA supports economic engagement with China and addressing our trade gap with China. We firmly oppose legislation that threatens to cut off access to the U.S. market and drive up prices for consumers.”

RILA has warned that higher tariffs would negatively effect U.S. businesses and its consumers.

To read more about RILA’s reaction, click here.

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Twitter Weekly Updates for 2010-04-23

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Twitter Weekly Updates for 2010-04-16

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Free Direct Import Webinar May 25th: Register Now

Presented by Management Dynamics and World Trade Magazine, expert speakers from Ocean World Lines and Management Dynamics will take a look at the foundation technologies for a direct import program, explore the implementation options by working with a global logistics provider, and discuss a number of successful case studies.

Link to register: http://ow.ly/1wDDg

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Twitter Weekly Updates for 2010-04-09

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Thanks to Shoppers, Retailers Imports are Up

The National Retail Federation (NRF) reports that retail imports have increased and will continue to increase for the next several months, states the International Freighting Weekly magazine. Febuary was the first month in 2010 that reported an increase in imports, followed by predictions of about a 2 to 10 percent increase each month following.

“We expect these numbers to continue to climb as merchants and their customers move away from recession and back toward normal shopping habits,” states  Jonathan Gold, NRF VP for supply chain and customs policy.

In March, US container ports handled more than 1 million teu, up 6% year-on-year. April is expects about an 8 percent gain then from last year. 

Hackett Associates founder Ben Hackett said: “Retailers were maintaining lean inventories during the recession, but are carefully building back up.” 

To continue reading…

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Twitter Weekly Updates for 2010-04-02

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