An outlook for the year ahead will inevitably be a bit hazy. Today, we delve into the biggest trade challenges and opportunities facing the trade industry across four industries in the coming year. On top of the pandemic grinding the economy to a near-halt, there have been other political factors [...]
Looking back to 2001, we can see the moment in which US Customs merged together with other agencies -- founding what we know now as Customs and Border Protection (CBP). Along with this merging, the mission shifted from simply administering tariffs, to homeland security. CBP as we know it, in [...]
What is a Post Summary Correction (PSC)? And why would you request one? In Customs and Border Protection’s (CBP) words: “Submission of a PSC is the sole method for trade to electronically correct entry summaries prior to liquidation.” This means that a PSC allows the importing party to modify their [...]
Earlier this month, US Customs and Border Patrol announced that a USMCA Center has been opened in Washington, DC. The Center will be staffed with customs professionals equipped with tools to support the private sector in navigating USMCA. More specifically, the center will focus on things like: Regulatory changes Automation [...]
We’ve been keeping a close eye on all news related to COVID-19 and its current and future impact on the global market. As a customs broker and consulting agency, it’s critical that we’re providing importers with updated and accurate information. We recently put out a quick interview we did with [...]
Working in imports/exports in the US is an exciting industry -- as it’s growing more year over year. That being said, competition is always lurking around the corner, so it’s critical that importing/exporting organizations do what they can to ensure they’re keeping costs down and taking advantage of regulations that [...]
This week, we wanted to continue on in our goal of answering the most common questions we get! We’ve built this blog to work as a resource for first-time and seasoned importers. For an interesting and educational read, check out our FAQ! We cover some of the other most common [...]
If you’ve done any kind of importing to the U.S., chances are that you’ve come across these two prominent industry terms: anti-dumping duty and countervailing duty. They’re two common terms that pop up everywhere if you’ve done any kind of work doing importing/exporting documentation. The reality of the industry is [...]
Even though various insurance policies are woven into our everyday lives, purchasing insurance still seems to inspire some pretty begrudged feelings. This makes sense of course, it’s an intangible item that doesn’t necessarily immediately benefit the purchaser (except for peace of mind). Think about this: have you thought about what [...]
Swimming through a pile of regulations and paperwork is definitely not pleasant, especially if you’re a first time importer (but even experienced importers)! That being said, when starting a new business, we understand that saving wherever you can is critical to your growth, so we’ve decided to take a closer [...]
