Tax Truces, Trade Troubles, and Sustainable Logistics Innovations

Tax Truces, Trade Troubles, and Sustainable Logistics Innovations

Uncover the complexities, challenges, and creative solutions shaping our ever-evolving global landscape. From extended tax truces to fresh sanctions threats, and from payment delays to pioneering sustainability initiatives, prepare to be captivated by the dynamic narratives that lie within. US and European Countries Extend Truce on Digital Taxes Until Mid-2024 The United States and five…

The Catch-22 of the US Solar Boom: Opening the Indian Market to Banned Chinese Products

The Catch-22 of the US Solar Boom: Opening the Indian Market to Banned Chinese Products

The rapid growth of the solar industry in the United States has paved the way for new opportunities, not only domestically but also in international markets. However, as the US solar boom opens a $2 billion Indian door for imports, a new predicament emerges. A closer look reveals that some of these products originate from…

China Comes Close to Overtaking Japan as the World’s Largest Car Exporter

China Comes Close to Overtaking Japan as the World’s Largest Car Exporter

In the competitive world of global automotive trade, China has come tantalizingly close to dethroning Japan as the world’s largest car exporter. While it fell just shy of achieving this goal in 2023, China’s impressive growth highlights its emergence as a major player in the automotive industry. In this blog, we will explore the factors…

Global Soft Landing in Sight, Raises 2024 Economic Growth Outlook

Global Soft Landing in Sight, Raises 2024 Economic Growth Outlook

The International Monetary Fund (IMF) recently released an updated economic outlook, signaling a positive development for the global economy. The report forecasts a soft landing and an uplifted growth outlook for 2024. This upgrade comes alongside improved prospects for the two largest economies, the United States and China, citing a faster-than-expected easing of inflation as…

The Changing Landscape of Supply Chains: Logistics Companies Embrace Nearshoring and Reshoring

The Changing Landscape of Supply Chains: Logistics Companies Embrace Nearshoring and Reshoring

The global supply chain landscape is experiencing a major transformation as logistics companies adapt to shifting dynamics. With factors like political disruptions and the COVID-19 pandemic, manufacturers are increasingly investing in supply chain resiliency. Nearshoring, reshoring, and friendshoring are emerging trends that are becoming the focus of logistics companies. In this blog post, we will…

Updates to Harmonized Tariff Schedule of The United States
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Updates to Harmonized Tariff Schedule of The United States

Last year the World Customs Organization (WCO) released 2022 Harmonized Systems Updates. The updates mark the most significant changes in the HTS in over five years. US Importers need to prepare for implementing the new schedule that will go into effect on January 27, 2022.   On December 23, the Presidential Proclamation modification of the Harmonized…

Updates to Harmonized Tariff Schedule of The United States
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Updates to Harmonized Tariff Schedule of The United States

Last year the World Customs Organization (WCO) released 2022 Harmonized Systems Updates. The updates mark the most significant changes in the HTS in over five years. US Importers need to prepare for implementing the new schedule that will go into effect on January 27, 2022.   On December 23, the Presidential Proclamation modification of the Harmonized…

CBP Proposes Streamlining Origin Rules for Imports from Canada and Mexico
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CBP Proposes Streamlining Origin Rules for Imports from Canada and Mexico

I learned a new word recently: “goat-rope.” The safe-for-work definition is a big, confusing mess. While it can be used to describe many different situations, I thought it was a perfect description for the ways in which the United States makes origin determinations for products imported from Canada and Mexico. Fortunately, help to make things…

Official Network of Automotive Manufacturing Clusters in Mexico
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Official Network of Automotive Manufacturing Clusters in Mexico

In a response to changes in the international economic environment, such as the trade war between the United States and China and the implementation of the new free trade treaty between the US, Mexico, and Canada (USMCA), nine of the country’s automotive manufacturing clusters in Mexico have joined together to create a formal associative network….

5 Important Mandates from OFAC Compliance Framework

Based on its aggressive enforcement program and its recently issued Framework for Sanctions Compliance Programs, OFAC has established a new era in sanctions compliance. Trade compliance is often siloed into its own operation, sometimes in, and other times outside of, the compliance function. Over the next five years, we will witness a sea-change in sanctions…

Frequently Asked Questions about the Exclusion Process from Section 301 Tariffs on China.
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Frequently Asked Questions about the Exclusion Process from Section 301 Tariffs on China.

Update on China 301 Tariff Exclusion Requests   Frequently Asked Questions about the Exclusion Process from Section 301 Tariffs on China. Q. How do I file for an exclusion? A. First we need to know which of the three lists of China 301 tariffs your product is on. Q. How can I find out which…