5 Places Where Companies Are Moving Their Supply Chains Outside China (businessinsider.com)

E-buyers should confirm with their vendors the source of the materials and components they procure. Changes in supply chain can impact the country of origin of a final good, even if the final assembly is in the buyer's country.  

IRS Delays $600 Threshold Rule for PayPal, Venmo, CashApp Users (msn.com)

EMTC provides its members with different perspectives on key trade issues that impact e-commerce . 

Rejoice! IRS Delays Challenging 1099-K Reporting Changes Until Next Year (msn.com)

The IRS points out that the delay in issuing 1099Ks at the $600 level does not change the obligation to report all income.   In parallel efforts there are proposals to raise the threshold for issuance of the tax documents. 

Commentary: New IRS requirements raise questions about vow to only expand audits on rich (msn.com)

Government reports have suggested that small businesses and gig workers account for a disproportionate share of the tax gap — the total amount of tax underpayments and nonpayments. Lowering the 1099-K reporting threshold to $600 per year is clearly meant to address that perceived gap.

How Big Tech fought antitrust reform — and won | The Hill

Despite significant lobbying,  this antitrust bill was not included in the 4000+ page Omnibus Package passed by House and Senate to fund the government through Sept 30, 2023. 

Regional court nullifies Kenya-US trade agreements (alptrade.africa)

Hagerty, Manchin propose $10,000 threshold for Venmo, PayPal tax reporting change (cnbc.com)

The Inform Bill Summary (S. 936 117th Congress; Durbin (D-IL))

This bill requires online marketplaces to collect, verify, and disclose certain information from high-volume, third-party sellers.

High-volume, third-party sellers include online marketplace participants that conduct 200 or more transactions resulting in total revenues of $5,000 or more during a continuous 12-month period. Online marketplaces must acquire these sellers' (1) bank account numbers, (2) government-issued identification, (3) tax identification numbers, and (4) contact information. Online marketplaces must verify this information and annually certify any changes to it.

Further, online marketplaces must make certain information (e.g., sellers' names and contact information) available to consumers through the sellers' product listings and provide consumers with methods to report electronically and by telephone any suspicious activity on the marketplace.

The bill provides the Federal Trade Commission with the authority to enforce these requirements.

USTR Extends Exclusions from China Section 301 Tariffs | United States Trade Representative

LA/LB imports drop double digits; slump predicted through spring (freightwaves.com)

The absence of a West Coast port labor contract is a major factor.  Volumes are down 24% . The Chinese New Year holiday is expected to run Jan 7 through Feb 6 for many companies.