After what seemed like a relatively calm few weeks in International Trade (relatively speaking), the winds have suddenly picked up, catching many off guard this morning and wondering if we were simply in the eye of the storm all this time. So, what happened?
Topics: Duty Drawback, North America, HS Classification
For most retailers, the focus on trade compliance is usually on store merchandise. Most overlook the fact that the compliance of visual merchandise (furniture, lighting, store décor, etc.) is just as important if they are imported from overseas and the company/brand acts as the importer-of-record to those goods.
Topics: Asia, North America, HS Classification
More news on the US trade remedies front.
Steel (25%) and aluminum (10%) duties under Section 232 that were initiated on National Security grounds, appear to be even more onerous as the Trump administration has announced that products targeted for Section 232 advanced duties will lose the benefit of GSP trade preference.
There is great concern that other free trade programs may be similarly affected on Section 232 products.
Expect supply chain disruptions, higher costs, and litigation.
Topics: Duty Drawback, HS Classification
Thailand is well known as a beautiful country filled with friendly people - the ‘Land of Smiles’. Given this well-deserved reputation, it may come as a surprise that Thailand is also well known in Asia trade compliance circles for very tough customs authorities.
To celebrate the opening of Tradewin Thailand, we wanted to highlight the top 3 reasons for import clearance delays.
Topics: Asia, HS Classification
As a customs compliance guru for 19 years, I can tell you a lot has changed in terms of technology and data. US Customs alone has spent billions of dollars improving the data that comes from international trade into the United States. When thinking about your supply chain, it is tempting to only think about transportation. But as a lot of importers can attest to, Customs audits can be costly and delays due to Customs can erode your customer’s confidence. Just as cycle and transit times are important, there is quite a lot of data reporting in the compliance world as well.
So what kind of compliance data exists and how will you make use of it?
Topics: Free Trade Agreements, Export Consulting, Import Consulting, HS Classification
