Written by Jamie Rodgers, CEO of J.M. Rodgers Co., Inc. A little over a week ago the trade community was thrown into what now seems like a regular turmoil when President Trump floated the possibility of imposing a brand new set of tariffs on imports coming from...
Written by Jamie Rodgers, CEO of J.M. Rodgers Co., Inc. This past Thursday, President Trump unexpectedly announced the imposition of a new set of tariffs, this time on the southern border for imports from Mexico. Unlike the tariffs imposed on Chinese imports, this was...
At the close of April, it looked like the US and China were well on their way to establishing a trade deal that would be mutually beneficial and remove many of the punitive tariffs that had been put in place. But negotiations fell through, with each side pointing...
The “Section 301” duties on imports coming from China have brought big tariff burdens across thousands of businesses, and have been a hot topic for drawback. However, claimants of these may have heard that because these are a new form of duty being implemented, there...
When an importer whose products are eventually sold for exports seeks to mitigate the impact that duties have on their products, two main options emerge: foreign trade zone or duty drawback. Both function as legal methods to either lessen, eliminate, or refund duties...
Last week, due to their court-imposed deadline, CBP released the final Duty Drawback Regulations (Modernized Drawback). These regulations institute the new processes for drawback pursuant to the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA). This was a...
