FTZ’ine November 2020

America Chooses, America Wins

The outcome in the House and Senate also did not match expectations from the polls, as both parties appear to have maintained their respective majorities, but saw each grow smaller. With control of Congress still split, President Biden will face a difficult time moving controversial legislation, which will likely make dramatic shifts in taxes or trade hard to enact for at least the next two years.

Election turnout set a record in almost every state in the nation. Despite widely reported concerns, there were almost no reports of violence through the process. America wins when America votes.

Top Story: The White House Slides Left, Congress Shakes But Doesn’t Shift After Seismic Election

As we publish, Joe Biden has a commanding lead in electoral votes and a wide range of potential scenarios hand him victory in the U.S. Presidential election. The trade community can now look forward to what policy and personnel changes a Biden Administration would bring to Washington.

After the contentious election, control of the House and Senate stayed as they were. That means the coveted Committee Chairs will stay with the same party, and few if any will change leadership at all. Without full control of Congress, the more progressive policy ideas floated during the election cycle are less likely to make it through the legislative gauntlet.

These election results appeal to Wall Street. The S&P 500 is up nearly 2 percent this morning, after the index jumped 2.2 percent yesterday. Big winners include health care, technology and private equity companies. Such a boost in investor confidence bodes well for the future of an economy trying to shake off the effects of the pandemic.

Tech Tip

You may have recently seen a CBP alert about “Electronic Vessel Manifest Confidentiality Requests” and figured that was a message to carriers and had nothing to do with you. Actually, that message was for all importers, including FTZ users and operators!

On May 22, 2020, U.S. Customs and Border Protection (CBP) deployed an automated online application for submitting electronic vessel manifest confidentiality requests. This enhancement enables ocean carriers, importers, exporters and consignees utilizing ocean transportation to manage their own requests for electronic vessel manifest confidentiality via the online application, located on CBP.gov.

You may wonder why you might want to make such a request.

CBP provides ocean manifest data to various data collection agencies that then sell the information in various mining and reporting tools. The data is aggregated, to protect sensitive data such as pricing, but some of the data mining providers use methods of extrapolation to recreate missing information.

If you’d prefer that your data not be made available to the public, you can do so by filing one of these requests. This used to be a manual process and took several weeks to process. This new online form is processed within 24 hours and is a simple 4-step application that takes only a few minutes.

You can read more about the Electronic Vessel Manifest Confidentiality Request process here

If you have questions about Confidentiality requests, please contact us at Info@iscm.co.

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FTZ Board Activity

Haier US Appliance Solutions, Inc. received authorization of production activity for additional components of household refrigerators within FTZ 83 in Decatur, Alabama. MORE
MH Wirth, Inc. received authorization of production activity for offshore drilling riser systems within FTZ 82 in Theodore, Alabama. MORE
Tricida Inc. submitted a notification of proposed production activity for pharmaceutical products within FTZ 176 in Rockford, Illinois. MORE
PPC Broadband, Inc. submitted a notification of proposed production activity for fiber optic cables within FTZ 90 in Dewitt, New York. MORE
Tesla, Inc. received authorization of production activity for battery penthouse controllers within FTZ 126 in McCarren and Sparks, Nevada. MORE
Plaza Warehousing & Realty Corporation received approval for the expansion of subzone 61T in Caguas, Puerto Rico. MORE
Lam Research Corporation received approval for the expansion of subzone 18F in Hayward, California. MORE
ASML US, LLC submitted an application for subzone status for its facility within FTZ 76 in Wilton, Connecticut. MORE
Lucid Motors USA, Inc. received authorization of limited production activity for electric automobiles and subassemblies within FTZ 75 in Casa Grande and Tempe, Arizona. MORE
Airbus Americas, Inc. received authorization of production activity for additional components of commercial passenger jet aircraft within FTZ 82 in Mobile, Irvington, and Theodore, Alabama. MORE
H-J Enterprises, Inc. received authorization of production activity for electrical transformer components and kits within FTZ 102 in High Ridge, Missouri. MORE
Night Vision Technology Solutions, LLC received authorization of production activity for night vision camera systems within FTZ 105 in Jamestown, Rhode Island. MORE
Hyster-Yale Group, Inc. received approval for the expansion of subzone 29I in Berea, Kentucky. MORE
Volflex, Inc. received authorization of production activity for flexible packaging within FTZ 22 in Mokena, Illinois. MORE
Coating Place, Inc. submitted a notification of proposed production activity for pharmaceuticals within FTZ 266 in Verona, Wisconsin. MORE
Robert Bosch Tool Corporation submitted an application for subzone status for its facility within FTZ 273 in West Memphis, Arkansas. MORE
HP International Trading B.V. (Puerto Rico Branch), LLC received authorization of limited production activity for inkjet ink and 3D printing fluids (bulk and cartridges) and related subassemblies within FTZ 61 in Aguadilla, Puerto Rico. MORE
Barco Stamping Co., Inc. received authorization of production activity for stamped lighting fixture components within FTZ 219 in Yuma, Arizona. MORE

America Chooses, America Wins

As the FTZine goes to press, Joe Biden holds a lead in electoral college votes that appears solid enough to make him the next President of the United States. Election results have been much tighter than polling had predicted, however his lead appears sufficient that a court challenge in any one state would not change that result. The outcome in the House and Senate also did not match expectations from the polls, as both parties appear to have maintained their respective majorities, but saw each grow smaller. With control of Congress still split, President Biden will face a difficult time moving controversial legislation, which will likely make dramatic shifts in taxes or trade hard to enact for at least the next two years. Election turnout set a record in almost every state in the nation. Despite widely reported concerns, there were almost no reports of violence through the process. America wins when America votes.