Women in trade | S1: Episode 8 We discovered a new podcast featuring women who work in international trade. The podcast is only a few episodes into its first season but they have hit the ground running with a lineup of amazing and influential ladies in trade compliance. The podcast, Women In Trade, is hosted…
What Is Brexit? Over time, the UK has given us many interesting tales – from Camelot to Hogwarts. But there hasn’t been a more mystical story from the UK in decades as the tale of Brexit. If you have left aside the Harry/Meghan saga to keep up with the Brexit (British exit) story, then you must know that the United Kingdom (UK) officially severed…
[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 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? [/vc_column_text][vc_column_text css_animation=”none”]That was…
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….
Trade Compliance Training Compliance: noun /kəmˈplʌɪəns/ the action or fact of complying with a wish or command. the state or fact of according with or meeting rules or standards. “all imports are in compliance with regulations“ Synonyms: Obedience to, accordance with, observation of, adherence to, “the company’s compliance with international law” It sounds simple enough,…
Suppliers to the US Beware: Increased Compliance and Enforcement of Antidumping and Countervailing DutiesUS 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. On…
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…
