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How to Fail The Customs Broker License Exam (and what to do about it)
1) Do Not Take Practice Exams The US Customs Broker’s license exam requires high reading comprehension skills and excellent time management. Specifically, there are 80 questions and you have four and a half hours to get it done. My Marshall University math tells me you have about three and a half minutes…
USMCA AT THREE: Navigating the Challenges
It has been three years since the United States, Canada, and Mexico came to an agreement on the US-Mexico-Canada Agreement (USMCA), replacing the North American Free Trade Agreement (NAFTA). Rumors and speculation surrounding NAFTA abounded for years, with the Trump administration ultimately deciding to renegotiate the agreement with the goal of reducing trade deficits with…
Volvo ’s Entry into the U.S. Market with a Cost-Effective Chinese EV Amidst a Trade War
The upcoming arrival of a Chinese-manufactured electric vehicle (EV) from Volvo Cars is creating waves in the U.S. auto market. The Geely-owned Swedish luxury brand is set to introduce the EX30, a made-in-China EV, into the U.S. market this summer. Priced at $35,000, the EX30 is positioned to directly compete with popular models such as…
USTR Finalizes Second Tranche of Tariffs on Chinese Products in Response to China’s Unfair Trade Practices
Washington, DC (USTR.GOV) – The Office of the United States Trade Representative (USTR) released a list of approximately $16 billion worth of imports from China that will be subject to a 25 percent additional tariff as part of the U.S. response to China’s unfair trade practices related to the forced transfer of American technology and…
The Unverified List: What it Means to Exporters, Re Exporters, and In-Country Transferors
The Unverified List The Commerce Department’s listing of foreign companies subject to restrictions on all items included in the Export Administration Regulations, has received increased attention as a result of the recent addition of 33 Chinese industrial and technology companies to the list. The following transcript from George Thompson‘s video, explains what the Unverified List…
Where Fireworks Are From In the US [Infographic]
For people aiming to “buy American” for Independence Day this year, it might prove difficult to obtain U.S.-manufactured fireworks. Most of the bottle rockets, roman candles, and other fireworks on sale across the country trace their origin to China. Last year, China accounted for nearly 96 percent of total U.S. fireworks imports, amounting to approximately…