Sourcing News
United States – Mexico – Canada Agreement (USMCA)
The USMCA replaced the North American Free Trade Agreement (NAFTA).
U.S. Customs and Border Protection (CBP) has launched a USMCA Center to serve as a one stop shop for information concerning the USMCA. The USMCA Center coordinates CBP’s implementation of the USMCA Agreement, ensuring a smooth transition with consistent and comprehensive guidance to our internal and external stakeholders.
Illinois to Allow Motorsports to Resume
The Illinois Motorsports Coalition (IMC), a group comprised of racing facilities across Illinois, has submitted a SEMA-supported eight-step plan to Governor J.B. Pritzker that would allow motorsports to safely resume statewide. Under Governor Pritzker’s...
Kent Groves joins Mechanical Power as Account Manager
This week Mechanical Power brought on board its newest Account Manager, Kent Groves. Kent comes to us having just spent the last two years as an Inside Sales/National Account Manager for a Chicago based manufacturing company, a specialist in providing...
Mechanical Power Status – COVID-19
Dear Mechanical Power Customers, Despite Friday’s roll-out of an Illinois “lockdown”, Mechanical Power will be operational to the extent of answering phones, emails and shipping products to our customers in the coming weeks. We supply parts with “essential”...
Covid-19 – Updates From Mechanical Power
As the COVID-19 / Coronavirus is growing worldwide and many countries are looking at creating stimulus as a temporary bridge through this difficult time, China is accumulating empty containers as they are getting ready to ramp up manufacturing. Airfreight rates are...
Potential Effects of Coronavirus (COVID-19) Situation on Mechanical Power’s Component Supply
As all have seen in the news, the coronavirus in China is impacting global economies and specifically manufacturing relevant to our respective businesses. Mechanical Power has been closely monitoring the situation and quantifying any potential impact to our ability to...
USA / China Tariff News – Phase 1 Deal Signed
Highlights of the Phase 1 Tariff Agreement On Wednesday January 15, the phase 1 China/USA trade deal was finally struck and signed. As a refresher, this phase took list 4a tariffs from 15% to 7.5% as of February 15. Unfortunately list 4a has very little to do with...
Net Farm Income Forecast Improves Significantly for 2019
In September 2019, the USDA released estimates of the U.S. farm income for 2019. In the current period of China tariffs harming the Midwestern farmer, we were surprised by this good news. The estimate for the net farm income grew from $69 billion in March to $88...
USA & China Tariff War News – October 2019 Update
As we indicated in our previous blog covering the tariffs on imported goods, meetings did take place last week between U.S. and Chinese officials regarding the trade war and the tariffs. Slowly but surely, it appears that both sides are making progress. We have...
Tariffs and Mechanical Power
The ever-evolving tariff situation and trade wars initiated by our current President have been difficult to keep up with due to the erratic nature of their developments. The changes in tariffs have a direct impact on Mechanical Power and our customers as many of our...
Recent Posts
United States – Mexico – Canada Agreement (USMCA)July 7, 2020- Illinois to Allow Motorsports to ResumeJune 23, 2020
- Kent Groves joins Mechanical Power as Account ManagerJune 9, 2020
- Mechanical Power Status – COVID-19March 23, 2020
- Covid-19 – Updates From Mechanical PowerMarch 13, 2020
