Global Training Center > Articles by: GTC Repost
28
Apr
2020
How to Navigate the Section 301 Tariff Process
Step One: Know Your HTS Subheading Every product subject to a proposed or ongoing Section 301 tariff action is identified by an 8-digit or 10-digit HTS Subheading. This search engine allows you to search by an 8-digit HTS Subheading to obtain information about a proposed or ongoing Section 301 tariff action. If you do not [...]
19
Aug
2019
6 Important Tips for Effective Logistics Management
1. Define your goals The business sector uses the term logistics to describe the efficient flow and storage of goods from where they originate to where they’re consumed. The supply chain includes transportation, shipping, receiving, storage and management of all these areas. Some of the key goals for all businesses are increased efficiency, more sales, [...]
06
Aug
2019
Door Stud Rolling into International Markets
FARGO — Doors are starting to open for Door Stud. The firm, based at North Dakota State University’s Research and Technology Park, sells a unique dolly system that allows one or two people to quickly and safely move and install doors. Door Stud's tool — on the market since April 2018 — is sold online [...]
25
Jul
2019
Official Network of Automotive Manufacturing Clusters in Mexico
In a response to changes in the international economic environment, such as the trade war between the United States and China and the implementation of the new free trade treaty between the US, Mexico, and Canada (USMCA), nine of the country’s automotive manufacturing clusters in Mexico have joined together to create a formal associative network. [...]
24
Jul
2019
Do You Know What IMMEX Stands For?
It is common to hear that auto part manufacturers with plants in Mexico that export their final products or that sell them to Mexican Original Equipment Manufacturers (OEMs), operate under trade facilitation programs that allow them to import into Mexico raw materials, machinery and equipment with certain benefits. Most of the manufacturers operate as IMMEX [...]
23
Jul
2019
5 Important Mandates from OFAC Compliance Framework
Based on its aggressive enforcement program and its recently issued Framework for Sanctions Compliance Programs, OFAC has established a new era in sanctions compliance. Trade compliance is often siloed into its own operation, sometimes in, and other times outside of, the compliance function. Over the next five years, we will witness a sea-change in sanctions [...]
22
Jul
2019
Increased Compliance and Enforcement of Antidumping and Countervailing Duties
Suppliers to the US Beware: Increased Compliance and Enforcement of Antidumping and Countervailing Duties US tariffs on steel, aluminum, solar panels, and numerous antidumping and countervailing duty (“AD/CVD”) orders on finished and raw input products have put exporters in a bind. On one hand, sourcing and supply chain decisions have become more complex and uncertain. [...]
18
Jul
2019
3 Ways to Mitigate Trade Compliance Risk
The one constant in international trade is change, and it’s happening at a breakneck pace. New tariffs, shifting alliances, and renegotiated trade agreements have rocked markets and supply chains. Trade compliance was complex enough before, but now compliance teams have to be extra vigilant. Compliance problems can hurt your bottom line and damage your company’s [...]
16
Jul
2019
Frequently Asked Questions about the Exclusion Process from Section 301 Tariffs on China.
Update on China 301 Tariff Exclusion Requests Frequently Asked Questions about the Exclusion Process from Section 301 Tariffs on China. Q. How do I file for an exclusion? A. First we need to know which of the three lists of China 301 tariffs your product is on. Q. How can I find out which list [...]
25
Jun
2019
Incoterms 2020 – What to Expect
Incoterms are rules issued by the International Chamber of Commerce that facilitate global trade and are updated every ten years or so in an effort to keep up with the changes that take place in international trade. The current version is Incoterms 2010, but a new version, Incoterms 2020, is expected to be released in [...]