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Are you a beginner at Importing Goods? Check out these 5 tips below: 1. Research the laws, trade barriers, and tariffs Basically, you want to make sure what you’re doing is legal before you try to import goods into the US and, potentially, run into trouble. The US might be known as a trade-friendly nation,…
I learned a new word recently: “goat-rope.” The safe-for-work definition is a big, confusing mess. While it can be used to describe many different situations, I thought it was a perfect description for the ways in which the United States makes origin determinations for products imported from Canada and Mexico. Fortunately, help to make things…
Why Exporting your product is a good idea Expanding your bottom line and selling to customers abroad is likely part of your business strategy or on your roadmap. It is no wonder why, according to a study by the Institute for International Economics, U.S. companies that export not only grow faster, but are nearly 8.5…
You may already know that NAFTA is on it’s way out and will be replaced by USMCA. We have had some sessions and conversations over the past few weeks and would like to share a few Fun (or not so Fun) Facts that we have complied based on questions from our clients or those looking…
The US is in a full-blown “trade war” with China. The possibility of tariffs on goods from Mexico, combined with other trade actions by the Trump administration, could send the entire US economy off the rails. The Federal Reserve is already looking at ways to prevent this disaster in the making. History teaches that global…
If you can’t move production to avoid tariffs like the companies in the story below, make sure to get the training you need. Make sure you are properly classifying products and applying the correct tariff rates. Don’t take a risk, get training here. Executive Summary The U.S. Congress has not yet ratified the United States-Mexico-Canada…
BOSTON – An Australian national sentenced March 21 to two years in federal prison on four counts of violating the International Emergency Economic Powers Act. Which criminalizes knowing transactions with Iranian entities without a license from the U.S. Department of Treasury. David Russell Levick, 57, of Cherrybrook NSW, Australia, who previously pled guilty to the…
If you can’t move production to avoid tariffs like the companies in the story below, make sure to get the training you need to make sure you are properly classifying products and applying the correct tariff rates. Don’t take a risk, get training here. HOUSTON — GE was blindsided when President Donald Trump’s tariffs…
Washington, DC – An economic study by a leading research firm concludes that U.S. Foreign-Trade Zones (FTZs) have a positive impact on employment growth, wage growth, and value-added growth in American communities. Compared to similar communities without FTZs. The study, “The U.S. Foreign-Trade Zones Program: Economic Benefits to American Communities,” was conducted by the Trade…
As trade compliance professionals, we joke that our family members now finally understand what we do for a living. In fact, 2018 has been the year that anybody with access to a news platform has become well acquainted with the concepts of global trade compliance. Both shippers and logistics service providers are certainly on the…