Millions of flowers are expected to arrive at Miami’s International Airport for Valentine’s Day, the Super Bowl for flower importers in the U.S. and for growers in Latin America. UPS alone estimates that in the 20 days leading up to V-Day, it processes more than 3,000 tons of flowers. This is three times the normal amount during off-season.
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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…
In a move to align with U.S. policies aimed at restricting China’s ability to produce advanced semiconductors, Japan has implemented export controls on chip making tools. While the intention behind these controls is to address concerns related to China’s push for advanced technologies, some officials in Tokyo believe that the combative U.S. approach may hinder…
Last year, on a typical day the U.S. Customs and Border Protections (CBP) seized about $3.8 million worth of products because of Intellectual Property Rights (IPR) Violations. CBP reported that the total number of IPR seizures has increased nine (9) percent since last year, from 28,865 in 2015 to 31,560 in 2016. With the manufacturer’s suggested retail price (MSRP) exceeding $1.3…
While enforcement of ISF (Importer Security Filing) violations began in May 2015, the enforcement environment has stiffened markedly in the last year. ISF requires importers and carriers to provide a set of information for any shipments being imported into the United States within at least 24 hours before loading their shipments or else they may face major…
The North American Free Trade Agreement (NAFTA) finally got a major overhaul, something campaigned on by President Trump and negotiated in Congress for the past three years. There are a number of significant changes about which American businesses need to be aware. Below we’ll discuss 5 key differences between USMCA and NAFTA.[/vc_column_text][vc_column_text]When NAFTA came into force on January 1, 1994, it was seen as a way to foster economic growth across…
Huawei, a Chinese telecommunications company, has released a new smartphone called the Mate 60 Pro. This phone is significant because it suggests that Huawei has found a way to bypass U.S. trade restrictions and produce advanced phones, despite limitations on access to American technology and machinery. This development comes as the United States has been…
