OFAC and BIS regulations SAP, a German multinational software corporation with a significant U.S. presence, recently settled allegations that it violated OFAC and BIS regulations concerning exports of software, upgrades, and patches from the United States to Iran and Iranian companies. The settlement amounts totaled in excess of $6.4 million. In the following transcript George…
Internal Trade Policy In the following transcript, George W. Thompson discusses the likely impacts on American international trade policies under the Biden administration. Explore our international trade courses here. If you expected that the Biden international trade policy would mean a break from that under the Trump administration. Well, I hate to disappoint you, but…
The Federal Trade Commission (FTC) has filed a Federal District Court complaint alleging that Chemence, Inc. committed unfair trade practices by claiming its merchandise, glue, is “Made in the U.S.A.” The FTC is charged with enforcement of statutes prohibiting the use of “unfair or deceptive acts or practices” in commerce. Its lawsuit seeks an injunction against…
Parenting can be such a chore. Minding wayward little ones, cleaning up after them, and getting hit with six-figure Treasury Department penalties for their misbehavior can offset the joy of beholding the smiles on their cherubic faces. Did I say Treasury Department penalties? Yes, they can arise when the parent is a U.S.-based company and…
The Federal Trade Commission’s rules governing assertions that a product is “Made in the U.S.” can be confusing. As we’ve discussed on various occasions, that agency has strict standards on when claims of United States origin are permissible. I won’t repeat the Made In/Assembled In and qualified and unqualified claim distinctions here, except to note that they…
Why Exporting your product is a good idea Expanding your bottom line and selling to customers abroad is likely part of your business strategy or on your roadmap. It is no wonder why, according to a study by the Institute for International Economics, U.S. companies that export not only grow faster, but are nearly 8.5…
Maybe you already have one. Or ten. Perhaps you command them with a steady voice – “Alexa?” “Hey, Google!” – or you could be old school and just reach out and actually turn something on or off by hand. Whichever is your style, smart plugs and bulbs have invaded our homes, and they won’t be going away. iHome SmartPlugs plug into an…
Is Trade Compliance the Lone Ranger? There are companies, surely not yours, where various departments are viewed as spokes around the hub of the trade compliance department. Each department operates as if trade compliance is accomplished “out there somewhere” rather than taking an active part in making sure the company meets its import and/or export…
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…
