Across the country, thousands of importers are dealing with the cost impact that new “section 301” tariffs have brought to their bottom line. With 10% (soon to be 25%) additional costs on many sectors that had long become accustomed to being duty free, it can...
When compared with the ease of filing Drawback claims on an accelerated duty refund basis, the advantages of Drawback are obvious. Responsibilities and costs of operating in a FTZ is generally borne by OPERATORS and USERS. Operators – are defined as a corporation,...
At the end of September, the delegates from the United States, Canada, and Mexico came to a preliminary understanding for a new agreement that would supplant NAFTA called the USMCA. I’ve written about this previously, and today wanted to focus on one of the major...
Importers and exporters in the USA as well as our drawback experts at JMR have been preparing for new drawback regulations that will be exclusively in effect come February 24, 2019. But there is a big lingering question within the trade industry: will Customs be ready...
Trade news this year has been almost entirely focused on trade restrictions, with tariffs and trade wars dominating the headlines. But recently there was a breakthrough for free trade: a renegotiated NAFTA agreed to by the USA, Mexico, and Canada that would take the...
Tariffs remain the favored tool of international pressure in the Trump Administration, having put several waves of tariffs tallying in the billions into effect these last few months. These sweeping declarations have targeted commodity categories and imports from...
