CBP Confirms Duty Drawback Eligibility for New Reciprocal Tariffs Effective April 2025
U.S. Customs and Border Protection (CBP) has confirmed that duty drawback is available for the new reciprocal tariffs imposed under the Executive Order issued April 2, 2025. These tariffs, which went into effect on April 5, 2025, add an additional 10% ad valorem duty...
Analysis: Duty Drawback vs. FTZ – Which Makes More Sense for Your Business?
Overview: Duty Drawback vs. Foreign-Trade Zones (FTZs) In today’s global trade environment, companies are increasingly focused on recovering costs and optimizing customs duties. Two key programs help accomplish this in the U.S.: Duty Drawback and Foreign-Trade Zones...
Duty Drawback Types: Which One is Right for Your Business?
If your business imports goods into the United States, you’ve likely heard of duty drawback. However, you may not be aware of the correct type of drawback for your business or how it can help you cut costs. Duty drawback is a program administered by the U.S. Customs...
What is Duty Drawback and How Can It Benefit My Business?
Duty drawback is a common term within the logistics industry, but what is duty drawback, and why should your business care? Many companies could bolster their bottom line by claiming duty refunds for various types of freight. Understanding the complexities of duty...