TradeLane

The automotive industry relies heavily on the global flow of parts and components, making accurate classification within the Harmonized System (HS) critical. This complex system of names and numbers dictates tariffs and facilitates international trade, but its intricacies can be highly challenging for automotive products.

Differences that seem minor in a part description may lead to exponentially different classifications and, as a result, wildly varying duty rates. These differences can have significant financial implications for automotive businesses, impacting everything from production costs to final vehicle pricing.

Tradewin is excited to travel to Orlando, Florida, for the International Compliance Professionals Association (ICPA) event. We look forward to connecting with fellow trade compliance professionals, exploring the latest industry insights, and reinforcing our commitment to providing exceptional service to our clients. 

Global trade regulations have never been more complicated or unpredictable, and compliance mistakes are more costly than ever.

Despite a somewhat sluggish global trade climate, Tradewin keeps growing! As international trade law and associated regulations change, the need for trade compliance and advisory services continues to increase at individual companies, as well as at an industry level. Tradewin will continue to invest in our network and facilities where our clients need us most.

The last several years have shown a spotlight across organizations on the importance of investing in and maintaining a sound trade compliance program. From additional tariffs on Chinese-origin products, to ever-expanding sanctions resulting from the conflict between Russia and Ukraine, to regulatory and procedural changes worldwide, companies continue to invest in their compliance operations to manage their risk and pursue duty savings opportunities.