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 andRead More »Part 3: CBP Wants YOU! Increased AD/CVD Scrutiny Abounds
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 wereRead More »Part 2: CBP Wants YOU! Increased AD/CVD Scrutiny Abounds
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 aRead More »CBP Wants YOU! Increased AD/CVD Scrutiny Abounds
“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 aRead More »Why Drawback? Why Now?