Import
How do you classify your Thanksgiving
How do you classify your Thanksgiving 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 [...]
Posted in: Blog, Country of Origin, Export to Canada, Export to Mexico, Exporting, Importing, Tariff Classification, Tariffs,
Supply Chain: Risky Business
Supply Chain: Risky Business Never is your supply chain as important as when you no longer have access to it. Even the smallest business realizes the impact of losing just one step of the chain. One weakness in a link can often mean a breakdown of the entire chain. These disruptions and delays can have [...]
The Importance of Trade Compliance
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, [...]
Trade Customs Rulings & Decisions – The “Sobro” a Smart Coffee Table
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 merchandizes. The rulings enable the international trade community to understand how the CPB will treat a prospective carrier transaction or import. [...]
Why Trade Matters
The US is in a full-blown “trade war” with China. The possibility of tariffs on goods from Mexico, combined with other trade actions by the Trump administration, could send the entire US economy off the rails. The Federal Reserve is already looking at ways to prevent this disaster in the making. History teaches that global [...]
Letters of Credit in Business Transactions
In most of the world and, indeed, in much of the United States the parties to a transaction often do not know each other and are concerned that the transaction will not proceed without problems. The manufacturer or supplier is concerned that it will not be paid for goods or services rendered. The buyer is [...]
ISF Enforcement: Penalties, Filing Errors, and Mitigation
While enforcement of ISF (Importer Security Filing) violations began in May 2015, the enforcement environment has stiffened markedly in the last year. ISF requires importers and carriers to provide a set of information for any shipments being imported into the United States within at least 24 hours before loading their shipments or else they may face major [...]
Importing Flowers, Chocolates And Jewelry Into The U.S.
Just like the mysterious influx of pumpkin shipments in October, at the start of every February there is a monumental increase in the purchase of flowers, chocolates and jewelry in the U.S. If you love the thriving beauty, health and vigor of delicate flowers, the delicious gooey center of a s'more by a campfire, or [...]
CBP Takes Aim at Forced Labor
CBP’s air, land and seaports processed more than 33 million imports last year. Shirts, shoes, lumber, electronics, dishes, eggplants, squid, coffee, bricks and soccer balls. Makes sliver of the commerce worth a mind-boggling $2.4 trillion. Making the U.S. the world’s second largest importer behind the EU. While trade is more robust than ever, CBP cautions […]
Temporary Lull Doesn’t Heal the Wounds of Trade War
President Trump hailed an agreement reached with China in late 2018 at the Group of 20 summit in Buenos Aires to temporarily halt a scheduled tariff increase for 90 days. “One of the largest deals ever made” and claimed China would be “getting rid of tariffs.” If you read the news headlines, you might have thought […]