You don't need to be a member of the global trade community to have heard the news of the cross-border trucker vaccine mandate. With supply chains already in a compromised position due to COVID slowdowns and trucker shortages, there are concerns that the mandate will only worsen the situation. In [...]
We've talked about it time and time again during the past 24 months: relying on shipping from overseas has been a rocky road. There are lots of businesses that depend on overseas shipping, and many of them deal directly with the cost of freight and have faced a variety of [...]
Importers in the US need to stay abreast of what's happening along the supply chain and with the regulatory framework set forth by CBP. Today, we'll be taking a closer look at section 232. Read on for more information! What is Section 232? In a breakdown on the subject, Investopedia [...]
Importers and other members of the US trade community should keep their ears to the ground for legislative and regulatory updates, as it has a huge impact in how they conduct business. Today, we'll be talking about the 21st Century Customs Framework, also known as 21CCF. It is a new customs [...]
You may have already heard that a notice was published by the US Department of Commerce on September 7, 2021. And its main focus is to create some new administrative reviews for importers under countervailing and antidumping (AD/CVD) orders. Recommended reading: What is Anti-Dumping Duty and Countervailing Duty? (AD/CVD) 4 [...]
As an importer, it's essential that you make the most out of Section 321 to help keep you in the green and improve margins, while lowering overall tax liability. Moving commercial goods from the other side of the globe, navigating the logistics of your supply chain, and building a great [...]
Recently, U.S. Customs and Border Protection (CBP) issued roughly $350 million in fines against the company, American Seafoods, as well as other companies found within the supply chain. If you are an American importer, staying plugged into the various fines and decisions made by CBP is critical in ensuring your [...]
The US / China Trade has been the focus of much concern for the international trade community at large. And more specifically, US trade professionals (and Chinese trade professionals, in theory) have been keeping a close eye on the situation as it develops. The regulatory changes as a result of [...]
Individual or a company engaging in international trade? You ensure compliance with regulatory concerns related to the import and export of the products. When a trade occurs with international parties, compliance with all the local, state, as well as federal laws have to be assured. That's where an importer of [...]
Some welcome news for the US trade community in regards to the trade deficit -- according to the US Bureau of Economic Analysis and the US Census Bureau, the monthly international trade deficit of the US was reduced in Spring 2021. A trade deficit occurs when a country imports more [...]
