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Updates to Harmonized Tariff Schedule of The United States
Last year the World Customs Organization (WCO) released 2022 Harmonized Systems Updates. The updates mark the most significant changes in the HTS in over five years. US Importers need to prepare for implementing the new schedule that will go into effect on January 27, 2022. On December 23, the Presidential Proclamation modification of the Harmonized…
Positioning a business for global success
What are the odds of hitting nirvana with your business when it comes to taking it global? In “17 Tips to Grow a Global Business,” I talked about what you need to do to grow your business beyond borders. Here, I offer you a slightly different twist — a variety of ways, a checklist if…
Why is Trade Compliance operating like its 1999?
Reflections on AAEI 2018 – Why is Trade Compliance operating like its 1999? As always AAEI puts together an agenda that is meaningful for the trade compliance community. The sessions are highly informative and relevant to the current trade environment and provide really good insights into what CBP, Commerce, and the PGAs are working on….
Unprecedented Increase in Container Shipping Rates Sparks Concern Among US Importers
The cost of shipping a standard 40-foot container from Shanghai to New York has surged to nearly $10,000, causing alarm among importers and industry experts who fear this spike may be unsustainable. The Drewry World Container Index spot rate for this route has skyrocketed to $9,387, marking a significant escalation from previous levels earlier in…
12 USMCA Strategies You Can’t Ignore
We Revisit Practical Advice for NAFTA and how it applies to USMCA It’s been a few months since USMCA officially became the new free trade agreement between the U.S., Canada, and Mexico. While we have seen a good number of companies jumping right in and adopting the new agreement, there may still be some out…
Surging Exports Beat Forecasts, New Ford Partnership, and Critical Supply Chain Resilience
Surging Exports Beat Forecasts, Imports Disappoint Amid Domestic Demand Woes China’s export sector showed robust growth, with surging exports at the fastest pace in nearly 1.5 years in August, signaling manufacturers rushing out orders to avoid anticipated tariffs from various trade partners. In contrast, import figures fell short of expectations, reflecting weak domestic demand. The…
