Duty drawbacks have been around for a long time, and were first established in 1789. They were put in place to boost production and trade of goods for American manufacturers. Interestingly, these duty drawbacks are still used today, though there have been some changes and additions from Congress over the [...]
If you’re in the business of importing and exporting, you’ve probably heard of landed costs. You’ve probably also heard that they’re vital to your shipping operations. But what is a landed cost? Why is it so important to do total landed cost analysis? We’ll define landed cost, help you with [...]
A hot topic in the news these days is the trade relationship between U.S. and China. It’s an interesting, if not slightly troubling, time for global economists, investors, importers and retailers. There are currently high import tariffs from China to the U.S., and vice versa. For Americans, importing from China [...]
The trade relationship between the U.S. and China has been heating up for over a year. Currently, both countries have placed high import tariffs on each other. China and the U.S. are the two biggest economies in the world, so people all over the globe are paying attention. In part [...]
The USMCA Story So far Up until recently, NAFTA (North American Free Trade Agreement) was the trade deal that Canada, Mexico and the United States jointly agreed upon. NAFTA was fully established in 1994 with the goal of eliminating trade barriers and encouraging investments between the three countries. The pros [...]
We don’t think there’s anyone in this world who enjoys going through customs. Sure, the excitement of traveling can sometimes ease the pain, but most people would like to get it over with as quickly as possible. Unfortunately, going through customs simply takes as long as it takes and there’s [...]
Trade shows can bring many new and unique challenges for businesses. Whether you’re an experienced importer/exporter or not, participating in a trade show can leave you scratching your head. You may have heard that using a temporary import bond is the right way to go, but what exactly does that [...]
When you’re shopping online or planning to import a common household item into the United States, you probably aren’t wondering whether it’s banned or not. After all, companies like Amazon or Ebay regulate these things and U.S. citizens have a lot of freedom in what they’re allowed to import. If [...]
These days, many people are interested in importing cars to the U.S. for personal use. Some might think it’s a daunting task not worth undertaking, especially when so many kinds of cars are readily available in the U.S. already. However, there are actually three common reasons why someone might want [...]
Do you plan on traveling with your furry friend? Or maybe you’re interested in buying a little companion from overseas. Either way, you probably have some questions about getting pets over the border. There are a few things you’ll need to understand about bringing pets into the U.S. before you [...]
