Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
Steve Lowery

When Pigs and Tariffs Fly

Tariff Pork Exports
China’s announcement that it would be imposing a 25 percent additional tariff on exported American pork could not have come at a worse time for the  American pork industry , coming as it does after the industry had just hit record levels in 2017, when U.S. pork exports recorded the largest year ever in volume, with sales to more than 100 countries around the world. United States pork  and pork variety meat exports totaled 5.399...
Continue reading
  281 Hits
Laurel Delaney

How a Letter of Credit Can Boost Profitability

G8104LC
MasterCardBiz with Laurel Delaney One of the most important things to negotiate before closing on an export sale is how payment will be made. Short of asking for payment in advance, securing payment with a letter of credit is the next best option. Sure it’s a little more expensive–typically 1/8 of 1 percent of the total transaction price plus incidental fees related to any amendments that might have to be made–but it’s worth it to...
Continue reading
  224 Hits
Jennifer Diaz

CBP Releases New E-Commerce Strategy

CBP
On December 1, 2016, we wrote about U.S. Customs and Border Protection’s (CBP)  new E-Commerce and Small Business Branch , which was created to help consumers and merchants safely navigate the complexities associated with the steady rise of global e-commerce. CBP defines  e-commerce  as high-volume, low-value shipments purchased via electronic means. E-commerce shipments pose the same health, safety, and economic security risks as containerized shipments, but the volume is higher and growing. Additionally, transnational criminal...
Continue reading
  330 Hits
George W. Thompson

What is EAR?

Exports Administrations Regulations
Commerce Department Export Controls (Export Administration Regulations) The Bureau of Industry and Security (BIS) of the United States Commerce Department has responsibility for administering export controls on commodities, software and technology that is not within the jurisdiction of another agency. The Export Administration Regulations (EAR) issued by BIS set forth the scope of this authority. BIS oversees export and reexport restrictions on controlled products and on specified destinations, persons and activities. For example, BIS administers...
Continue reading
  307 Hits
Jennifer Saak

Which Export Classification? ECCN vs Schedule B

Not all export classifications are the same. Do you understand which export classification is needed for your international shipment, export of technology, or deemed export transactions? Here are 4 key points about U.S. export classification numbers that will help you figure out which number is relevant – and when. We explain the difference between these export numbers, what these export classification numbers stand for, the government regulations in which they are rooted, and when you...
Continue reading
  345 Hits