It has been a crazy and volatile year when it comes to import tariffs. From the tariffs threats to the implementation to the pauses on certain tariffs, you never know what you are going to wake up to from one day to the next. Last week was no different. On May 28, the US Court…
Ok, I know I told you all last post we were going to talk about exceptions and exemptions, and you were probably super excited to read my deep dive into how to take advantage of them, but I changed my mind. Yes, cue the cliché about “women changing their minds” but seriously, something else has…
Tariffs, a tax on imports, have historically been used to support domestic industries and are primarily imposed for two reasons: to protect domestic industries by raising the cost of imported goods, and/or to generate revenue for the government. However, they can often also result in reduced trade, higher prices, and retaliation. What is a tariff?…
In the world of international shipping and e-commerce, the term “Section 321” has gained significance, especially among those importing goods into the United States. Under this provision of the Trade Facilitation and Trade Enforcement Act of 2015, shipments valued at $800 or less can enter the country duty-free and without formal entry requirements. However, the…
Was your shipment one of the almost 4,300 to be detained by U.S. Customs and Border Protection (CBP) for UFLPA enforcement since last June? If not, great! But don’t get too comfortable, either. UFLPA isn’t going anywhere, and perhaps rightfully so. This isn’t an enforcement deliberately meant to hurt U.S. importers. Instead, it boils down…
Business Has Changed, It’s Time For Trade Compliance To Change, Too As the business world adapts to face masks, Zoom calls and social distancing, the trade compliance community is also re-evaluating the way it does business. While a lot has changed in your business, one thing that is certain to change – and, in fact,…
No one wants to really talk about trade compliance or acknowledge if it is lacking or non-existent. Not only is trade compliance an overwhelming and complicated mix of regulations, it is also something that puts most people to sleep! Often times employees think someone else is handling import compliance, but nobody is fully dedicated to…