by Jon Sabel | Feb 11, 2020 | Letter From The CEO, Tariffs
This upcoming Valentine’s Day will be a sweet one for many importers: tariffs are set to be reduced by half for more than $300 billion worth of imports from China on that day. The US Trade Representative has announced that that is the day that the new reduced tariff...
by Jon Sabel | Feb 11, 2020 | Letter From The CEO
US Customs can count 2019 as a record year. Recently Customs and Border Protection released a report that last year, aided by the new tariffs imposed by the Trump Administration, they increased the number of duties, taxes, and fees they collected by 73% from 2018 to...
by Jon Sabel | Jan 30, 2020 | Events, Letter From The CEO, Tariffs
U.S. President Donald Trump on Friday signed a proclamation increasing tariffs on derivative steel products by an additional 25 percent and boosting duties on derivative aluminum products by an additional 10 percent. Australia, Brazil, Canada, Mexico, and South Korea...
by Jon Sabel | Jan 28, 2020 | Events, Letter From The CEO, Tariffs
In the last two weeks, there have been two major trade deals in the news: the Phase One deal with China and USMCA, the revamped version of NAFTA. Both of these agreements have a lot of impact on trade between the countries involved, but both will have some impact on...
by Jon Sabel | Jan 21, 2020 | Events, Letter From The CEO, Tariffs
The rules and regulations that govern duty drawback under TFTEA are continuing to evolve years after its passage. Just a few days ago, a pivotal lawsuit about specific provisions in TFTEA’s drawback rule, National Association of Manufacturers (NAM) vs. The United...
