Aug. 24 Deadline to Comment on Impact of Section 232 and 301 Tariffs (From Sandler Travis & Rosenberg)
The International Trade Commission has initiated a fact-finding investigation on U.S. trade, production, and prices in the industries directly and most affected by the Section 232 and Section 301 tariffs that were in effect as of March 15, 2022. Companies have until Aug. 24 to file written comments to inform the ITC’s investigation. They may also participate in a public hearing scheduled for July 21. For more information, please go to
Recession forecast
At the NCBFAA Annual Conference last week, the chief economist from Monex, Dr. John Min, spoke on current economic conditions, especially regarding the global supply chain. He did not see any reason for the congestion and delays to improve until at least Q4/22, and probably Q1/23. He went on to say that a sampling of 10 renown US economists predict the probability of a recession in 2022 is 50 per cent, and 90 per cent in 2023. Let’s hope he is wrong!