It was recently reported that U.S. Customs and Border Protection (CBP) at the ports of LA and Long Beach has “well over 100 shipments on hold pending determination of admissibility“ due to suspicion of forced labor. Despite being enforced since 1930, compliance with forced labor laws and regulations are still an ongoing problem.
If you’re a U.S. company importing from China, you may have tens of thousands or even millions in tariff refunds waiting for you. With two-thirds of Chinese origin goods subject to Section 301 tariffs, companies large and small have been impacted since they were implemented in 2018 amid a U.S.-China trade war.
If there’s anything consistent about trade regulations, it’s that you must stay up to date on any changes that might affect your organization. Understanding the basics of trade compliance can make it easier to keep up with updates, changes, and additions to trade laws.
From small businesses to large corporations, many are navigating the complex world of importing personal protective equipment (PPE) for employees, family members, and customers as businesses reopen across the globe.
As COVID-19 continues to wreak havoc on the world economy, it’s prudent to find ways to keep your shipping business afloat by finding economic relief if and whenever possible. First off, being aware of the changing complexities of the China-U.S. trade war is essential.According to the Census Bureau’s Foreign Trade Statistics, China is one of [...]
International Commercial Terms, commonly known as Incoterms®, standardize the responsibilities of the buyer and seller in an international transaction and are now used more frequently in domestic transactions in the United States. Incoterms® are used to allocate transport costs, show where risk passes from a seller to a buyer, as well as clearly define the [...]
Forgetting to make updates to your customs compliance program in a timely manner can quickly lead to unnecessary delays and possible penalties. An end of year customs review can help you identify when things need updating. These regular self-audits can help you rapidly realign your processes.
If you’re currently navigating the impact of tariff changes as well as the potentially additional billions of dollars’ worth of tariffs on Chinese goods, we have the information you need to understand what’s changing—and just as important—what you can do about it.
With the May 10 increase in duty rates on certain Chinese-made imports—and China’s subsequent retaliation on U.S.-made goods—I think we can all safely agree the United States and China are in a fully-fledged trade war. So, in an atmosphere of uncertainty, what are the key elements supply chain professionals should consider to stay ahead?
Everyone is talking about trade and tariffs—and the potential impacts on businesses and countries. But do you feel lost in a sea of jargon as you listen to the talk? People don’t mean to be rude. But as they explain what’s at stake and recommend courses of action, they may take for granted that you [...]