Part 3: CBP Wants YOU! Increased AD/CVD Scrutiny Abounds
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Part 3: CBP Wants YOU! Increased AD/CVD Scrutiny Abounds

ByTrudy Wilson

[vc_row][vc_column][vc_column_text css=”.vc_custom_1582843779409{border-radius: 2px !important;}”]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…

Part 2: CBP Wants YOU! Increased AD/CVD Scrutiny Abounds
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Part 2: CBP Wants YOU! Increased AD/CVD Scrutiny Abounds

ByTrudy Wilson

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…

CBP Wants YOU! Increased AD/CVD Scrutiny Abounds 
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CBP Wants YOU! Increased AD/CVD Scrutiny Abounds 

ByTrudy Wilson

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…

Why Drawback? Why Now?
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Why Drawback? Why Now?

ByTrudy Wilson

“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…

FCA: Why We Need Whistleblowers . . . and How to Avoid Them
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FCA: Why We Need Whistleblowers . . . and How to Avoid Them

ByTrudy Wilson

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…

The Catastrophe of a Blind Eye on Trade Violations
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The Catastrophe of a Blind Eye on Trade Violations

ByTrudy Wilson

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? [/vc_column_text][vc_column_text css_animation=”none”]That was…

The USMCA: Something New or #JustAnotherNAFTA
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The USMCA: Something New or #JustAnotherNAFTA

ByGTCrepost

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.[/vc_column_text][vc_column_text]When NAFTA came into force on January 1, 1994, it was seen as a way to foster economic growth across…

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Incoterms® on Your Terms

ByGTCrepost

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…

Trade Customs Rulings & Decisions – The “Peeps” Bunny Plush Toy in a Mug
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Trade Customs Rulings & Decisions – The “Peeps” Bunny Plush Toy in a Mug

ByGTCrepost

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….

Is Your Company Capitalizing on Free Trade Agreements (FTAs)?
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Is Your Company Capitalizing on Free Trade Agreements (FTAs)?

ByGTCrepost

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…

How do you classify your Thanksgiving
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How do you classify your Thanksgiving

ByGTCrepost

Early morning wake up call, Brooks running shoes laced up, and hundreds, if not thousands (depending on your location) of running fanatics, donning colorful tutus and silly turkey outfits, all lined up for yet another 5K Turkey Trot.  Meanwhile the kitchen is humming with activity as the non-running crowd begins preparations for the day’s feast….

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The Meaning of Export Controls-Part2

ByGTCrepost

Export Controls: Denied Parties  With concerns about the unauthorized and/or inappropriate transfer of technology, products, and information to individuals or entities within or beyond US borders, the US Government established laws and regulations, known as export controls, to restrict such transfer. The government regulates the export of sensitive information, physical equipment, and software and technology to promote foreign policy objectives and promote…