Uncover the complexities, challenges, and creative solutions shaping our ever-evolving global landscape. From extended tax truces to fresh sanctions threats, and from payment delays to pioneering sustainability initiatives, prepare to be captivated by the dynamic narratives that lie within. US and European Countries Extend Truce on Digital Taxes Until Mid-2024 The United States and five…
The rapid growth of the solar industry in the United States has paved the way for new opportunities, not only domestically but also in international markets. However, as the US solar boom opens a $2 billion Indian door for imports, a new predicament emerges. A closer look reveals that some of these products originate from…
In the competitive world of global automotive trade, China has come tantalizingly close to dethroning Japan as the world’s largest car exporter. While it fell just shy of achieving this goal in 2023, China’s impressive growth highlights its emergence as a major player in the automotive industry. In this blog, we will explore the factors…
The International Monetary Fund (IMF) recently released an updated economic outlook, signaling a positive development for the global economy. The report forecasts a soft landing and an uplifted growth outlook for 2024. This upgrade comes alongside improved prospects for the two largest economies, the United States and China, citing a faster-than-expected easing of inflation as…
Agricultural trade in the United States is on track to experience a deficit for the third time in five years. As of November 2023, the U.S. has imported $20 billion more in agricultural products than it has exported, which could set a record for the largest deficit in a calendar year in nearly a century…
The global supply chain landscape is experiencing a major transformation as logistics companies adapt to shifting dynamics. With factors like political disruptions and the COVID-19 pandemic, manufacturers are increasingly investing in supply chain resiliency. Nearshoring, reshoring, and friendshoring are emerging trends that are becoming the focus of logistics companies. In this blog post, we will…
Owner of Maryland Export Business Sentenced to Federal Prison for Attempting to Smuggle Items Out of the U.S. Without the Required Export License Baltimore, Maryland – U.S. District Judge George L. Russell, III today sentenced Jorge Orencel, age 65, of Silver Spring, Maryland, to six months in federal prison, followed by one year of supervised…
The U.S. Commerce Department, through its Bureau of Industry and Security (BIS), publicly identified commercial and private aircraft that have flown into Russia in apparent violation of the Export Administration Regulations (EAR). In so doing, BIS is notifying the public that providing any form of service to these aircraft requires authorization. Absent such authorization, any…
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,…
Here Is One List You Don’t Want To Be A Part Of Getting recognition for your accomplishments and outstanding achievements can be humbling and an honor when recognized by others in the community. When it comes to Trade Compliance, there are definitely some lists that you want to stay away from. The Violation Tracker list…
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…
A California man was sentenced today to 63 months, or more than five years, in prison for his role in a scheme to illegally export integrated circuits with military applications to China the required filing of electronic export information. As part of his sentence, the Judge ordered Shih to pay $362,698 in restitution to the…
