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.