Higher Bonds due to Tariff-Hit US Imports

Higher Bonds for Importers due to Tariff Hike Importers must ensure they have sufficient bonds to meet Customs Border Protection’s (CBP) requirements that are enough to cover ever-increasing Customs Duties and Taxes. Those could be in the form new tariffs that [...]

2018-11-05T14:00:07+00:00November 8th, 2018|Commercial Trade, Customs 101|

Customs 101: Customs Forms

Businesses involved in the export and import industry all understand the necessity of filling out Customs Forms and Documents. These forms and documents are a key aspect in keeping borders safe, providing transparency, executing trade agreements, and the tracking of items. However, [...]

2018-10-02T15:59:50+00:00October 25th, 2018|Commercial Trade, Customs 101|

Importing goods from China? U.S. proposed 10% increase on duty

Are you involved with importing goods from China? Importing goods from China will start to have some changes. There is a proposal within the U.S government to impose an additional ten percent duty on 6,031 tariff lines from China, this is [...]

2018-09-10T13:18:38+00:00September 10th, 2018|Commercial Trade, Household Goods|

Customs 101: Harmonized Tariff Schedule (HTS)

What is the Harmonized Tariff Schedule? The Harmonized Tariff Schedule (HTS) is a system to classify traded goods based on their material composition, product name, and/or intended function. An important function of the HTS is to determine the rate of duty [...]

2018-08-13T16:17:56+00:00September 6th, 2018|Commercial Trade, Customs 101, Household Goods|

Section 232 Tariffs: U.S Imposes Additional Duties on Steel and Aluminum

Section 232 Tariffs on Aluminum and Steel Importers in the trade of Steel and Aluminum are beginning to experience changes to their business practices after Section 232: Tariffs on Aluminum and Steel took effect. This resulted in a 25 percent duty [...]

2018-09-10T13:17:47+00:00August 23rd, 2018|Commercial Trade|