Feb 26, 2021
Due to a glitch in the ACE entry system, importers, through their customs brokers, have been tendering lower than required Internal Revenue Taxes under the Craft Beverage Modernization Act (CBMA) for beer, wine and distilled spirits. CBP warns future underpayment could yield penalties.
Feb 25, 2021
New executive order issued in supply chain resiliency in four key areas and six industrial sectors. Learn more on today’s Two Minutes In Trade.
Feb 22, 2021
Will the China 301 exclusions expire March 31? What might USTR do? Listen for more information to today’s Two Minutes In Trade.
Feb 19, 2021
A subtle but critical change occurred when the USMCA dropped the NAFTA marking requirement, only applying the preferential rules in order to originate and qualify for free or reduced duty treatment. However, for certain products under various processing scenarios such as those involving section 301 China trade remedies...
Feb 18, 2021
U.S. importers anticipating significant downward adjustments in the price of their goods due to COVID-19 and other market disruptions may have a unique opportunity to achieve substantial duty savings.