Cisco saw “immaterial” impact in its Q1 ended Oct. 27 from the 10 percent Trade Act Section 301 tariffs that took effect Sept. 24 on $200 billion worth of Chinese imports, because the tariffs kicked in with only a month to go in the quarter, said CEO Chuck Robbins on a Wednesday earnings call. Though Cisco hiked prices on Chinese-sourced goods in Q1 to cover the higher tariff costs, it “saw absolutely no demand change” between the week before and the week after the price increases took effect, he said.

Cisco saw “immaterial” impact in its Q1 ended Oct. 27 from the 10 percent Trade Act Section 301 tariffs that took effect Sept. 24 on $200 billion worth of Chinese imports, because the tariffs kicked in with only a month to go in the quarter, said CEO Chuck Robbins on a Wednesday earnings call. Though Cisco hiked prices on Chinese-sourced goods in Q1 to cover the higher tariff costs, it “saw absolutely no demand change” between the week before and the week after the price increases took effect, he said.

Cisco saw “immaterial” impact in its Q1 ended Oct. 27 from the 10 percent Trade Act Section 301 tariffs that took effect Sept. 24 on $200 billion worth of Chinese imports, because the tariffs kicked in with only a month to go in the quarter, said CEO Chuck Robbins on a Wednesday earnings call. Though Cisco hiked prices on Chinese-sourced goods in Q1 to cover the higher tariff costs, it “saw absolutely no demand change” between the week before and the week after the price increases took effect, he said.

Cisco saw “immaterial” impact in its Q1 ended Oct. 27 from the 10 percent Section 301 tariffs that took effect Sept. 24 on $200 billion worth of Chinese imports, because the tariffs kicked in with only a month to go in the quarter, CEO Chuck Robbins said on a Nov. 14 earnings call. Though Cisco hiked prices on Chinese-sourced goods in Q1 to cover the higher tariff costs, it “saw absolutely no demand change” between the week before and the week after the price increases took effect, he said.

Imports at major U.S. retail container ports slowed in September from their “pre-holiday peak,” but stayed at “unusually high levels” as retailers continue bringing in merchandise before the Trade Act Section 301 tariffs increase to 25 percent in January, said the National Retail Federation Friday. Retailers know that tariffs “are set to more than double in just a few weeks,” said NRF. “If there are shipments that can be moved up, it makes sense to do that before the price goes up.” Imports customarily drop off “significantly by this time of year, but we’re still seeing numbers that could have set records in the past,” said NRF. U.S. retail ports handled 1.87 million 20-foot containers or their equivalents in September, down 1.3 percent sequentially from August, but up 4.6 percent year-over-year, it said.

International Trade Today is providing readers with some of the top stories for Nov. 5-9 in case they were missed.

It’s “not resolved” whether CTA members have the will to file a lawsuit blocking the Trade Act Section 301 tariffs on Chinese imports before they rise to 25 percent, as scheduled for Jan. 1, CTA President Gary Shapiro told us at CTA Unveiled New York Thursday. CTA hired Akin Gump to draft a court complaint to block the tariffs and is shopping the draft around to other trade groups seeking their legal and financial support (see 1810290019).

Imports at major U.S. retail container ports slowed in September from their “pre-holiday peak,” but stayed at “unusually high levels” as retailers continue bringing in merchandise before the Section 301 tariffs increase to 25 percent in January, the National Retail Federation said on Nov. 9. Retailers know that tariffs “are set to more than double in just a few weeks,” NRF said. “If there are shipments that can be moved up, it makes sense to do that before the price goes up.” Imports customarily drop off “significantly by this time of year, but we’re still seeing numbers that could have set records in the past,” NRF said. U.S. retail ports handled 1.87 million 20-foot containers or their equivalents in September, down 1.3 percent sequentially from August, but up 4.6 percent year-over-year, it said.

It’s “not resolved” whether the Consumer Technology Association will file a lawsuit blocking the Section 301 tariffs on Chinese imports before they rise to 25 percent, as scheduled for Jan. 1, CTA President Gary Shapiro said at a CTA event Nov. 8. CTA hired Akin Gump to draft a court complaint to block the tariffs and is shopping the draft around to other trade groups seeking their legal and financial support (see 1810290020).

Lipstick packaged in China from U.S. origin lipstick mass is not subject to Section 301 tariffs because its country of origin remains the U.S., CBP said in a Nov. 2 ruling. The lipstick, which is shipped from the U.S. to China before being poured into Chinese-made lipstick tubes and caps, does not undergo a substantial transformation that causes its country of origin to be China for the purposes of the additional duties, CBP said in NY 301371.