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Shipping Costs Soar: The End of Free Shipping?
Are you tired of maximum shipping fees on your favorite online retailer? Join the club! A recent survey by Shippo revealed that 41% of merchants are facing significant challenges with increased shipping costs in 2022. It’s no surprise, considering that retailers surveyed stated they were spending over 10% of an order’s value on shipping alone….
International Trade Policy Under the Biden Administration: What to Expect
Internal Trade Policy In the following transcript, George W. Thompson discusses the likely impacts on American international trade policies under the Biden administration. Explore our international trade courses here. If you expected that the Biden international trade policy would mean a break from that under the Trump administration. Well, I hate to disappoint you, but…
ITAR or EAR? Know Before You Export!
ITAR or EAR A United States manufacturer of electronic test and measurement equipment and software mistakenly exported ITAR-controlled software under the EAR instead, resulting in a Consent Agreement and civil penalty of $6,600,000. In the following transcript George W. Thompson, International Trade Attorney discusses the consequences of this error and how it could have been…
NAFTA: USTR Summary of Objectives
In case you missed it; here is a summary of the NAFTA modernization process: The North American Free Trade Agreement (NAFTA) modernization process advanced on July 17, 2017, with the release by the Office of the United States Trade Representative (USTR) of the NAFTA negotiating objectives summary. Specifically, Section 150(a)(1)(D) of the Bipartisan Congressional Trade…
The US reportedly wants to put automatic tariffs in place to keep China in line with any trade deal
The trade deal U.S. negotiators are seeking will have some teeth in case China goes back on its trade promises, as it has in the past, The New York Times reported. A top priority for Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, who are set to hold talks this week with Vice Premier Liu He,…