Blog

Part 3 of 3: “CBP Wants YOU! Increased AD/CVD Scrutiny Abounds”   AD/CVD Consequences: Real Live American Disasters  Inflated AD/CVD and high tariffs have real world consequences. One of the hardest-hit industries by high tariffs and AD/CVD besides the steel and aluminum industries is the hardwood industry and those companies who depend upon an inexpensive supply of raw wood and [...]

Part 2 of 3: “CBP Wants YOU! Increased AD/CVD Scrutiny Abounds”   How the Past Defines Today  Thomas Prusa, Professor of Economics at Rutgers University, says that antidumping laws can be traced back to 1916 when the real concern was antitrust law – not allowing large corporations a monopoly in their industries. Both antitrust and antidumping laws were [...]

Why we are Where we are  Honestly, antidumping and countervailing duties (AD/CVD) sound more like terms from a dating app than cosponsors of the serious consequences they can bring to American industry. So, just what do these antiquated-sounding terms mean? Swipe right and we’ll take a look at their definitions; but first, let’s catch a [...]

“Drawback is the refund, reduction or waiver in whole or in part of customs duties assessed or collected upon importation of an article or materials which are subsequently exported”  – U.S. Customs and Border Protection   In the Beginning…  It was the 1780s and everything seemed possible: the Revolutionary War had been won, and there was a central government with a [...]

President Abraham Lincoln had had enough. His troops at the front of the bloody Civil War were ill from rancid food, receiving lame mules and horses, faulty rifles and ammunition, all because of unscrupulous contractors to the U.S. government. As a result, Congress passed the False Claims Act (FCA) on 2 March 1863 which they hoped would provide a remedy for such [...]

Imagine sitting at your desk, doing what you do in your normal trade compliance day. You would no doubt notice if a top supplier were doctoring import documentation. Now imagine if the president of that supplier made an appointment with you, and when he walked into your office, he handed you an envelope filled with large bills. Something would change that day, wouldn’t it? Or would it?  That was [...]

The North American Free Trade Agreement (NAFTA) finally got a major overhaul, something campaigned on by President Trump and negotiated in Congress for the past three years. There are a number of significant changes about which American businesses need to be aware. Below we'll discuss 5 key differences between USMCA and NAFTA. When NAFTA came into force on January 1, 1994, it was seen as a way to foster economic growth [...]

Incoterms® – an abbreviation for International Commercial Terms – are the rules first issued by the International Chamber of Commerce in 1936 as a way of unifying the shipping practices and legal interpretations between those involved in global trade around the world. As international trade has grown over the decades, so have Incoterms® rules evolved to meet the needs of sellers and buyers.   What Are Incoterms®?   Incoterms® rules have [...]

The Customs and Border Protection (CBP) is a state’s body. Vested with the power and authority to issue custom legal rulings. It also deals with other legal decisions that relate to the importation of merchandise.  The rulings enable the international trade community to understand how the CPB will treat a prospective carrier transaction or import. [...]

The primary purpose of free trade agreements (FTAs) is to lower or remove tariff barriers that hamper the active trade of goods and services between countries and to protect intellectual property rights. The U.S. alone has more than 12 FTAs, and there are more than 400 regional trade agreements worldwide; even so, it appears that many companies fail to leverage this opportunity to open up foreign markets to their products. Based on [...]