Trade Publications


BREXIT: DEAL OR NO DEAL?

Posted on December 10, 2018. Category: Trade Publications

The "British exit from the European Union" is the ongoing withdrawal of the United Kingdom (UK) from the European Union (EU) following a referendum that was held on June 23, 2016. The vote was close with 52% of the population voting to leave and 48% voting to stay. In order for the UK to leave the EU, the UK had to invoke Article 50 of the Lisbon Treaty which gives the two sides two years to agree the terms of the split. This process has been started by UK’s Prime Minister Theresa May on May 29, 2017, meaning that the UK is scheduled to... Read More

The Fate of NAFTA: Threats and Reality

Posted on August 29, 2018. Category: Trade Publications

On Monday August 27th, 2018 the Trump administration announced that it had reached a “preliminary agreement in principle” with Mexico. Hailed as the US- Mexico Trade Agreement, the preliminary deal promotes streamlining certification and verification of rules of origin requirements, particularly in the automotive sector.  Per the United States Trade representative the agreement “will provide greater incentives to source goods and materials in the United States and North America.” Interestingly, the agreement also requires that 40-45 percent of auto content be made by workers earning at least $16 an hour. On the day of the announcement... Read More

The Breakdown – Section 232 and Sections 301

Posted on August 28, 2018. Category: Trade Publications

Section 232: What is it?In 1962, Congress passed a piece of legislation called the Trade Expansion Act which was generally intended to do just that, expand trade.  It gave President Kennedy the authority to cut or eliminate tariffs on many goods. The purpose of this act, like all others, is to benefit the people and buried within it were clauses to do just that. Section 232 of the Trade Expansion Act of 1962 authorizes the Secretary of Commerce to conduct comprehensive investigations to determine the effects of imports on the national security of the United States. What does it mean... Read More

Bottom Line Costs with Shipping to and from China

Posted on August 20, 2018. Category: Logistics PublicationsTrade Publications

“Made in China,” seeing this printed on a variety of goods brings up a variety of thoughts from about moving USA products overseas, varying quality of goods, reduced costs on electronics and clothing, etc.For decades, the USA has been intricately intertwined with the mega trading partner that is the People’s Republic of China.  Recent administration initiatives, along with lower shipping container demands, have brought lower costs and smaller profit margins.  Data gathered from a Freightos report shows that the China-U.S. ocean rates have been hitting noticeable lows from the start... Read More

Corpses, Telecom and Space Junk: Exceptions to HTS Classification

Posted on July 16, 2018. Category: Trade Publications

Unless someone has experience in the trade compliance world, they would be hard pressed to find a similarity between the items listed above. However, to someone familiar with Title 19 of the Code of Federal Regulations, these articles go together like a well-matched set of luggage. These items, along with a few others, are among those that are not subject to the tariff schedule of the United States.The Tariff of the United States is a comprehensive listing of every type of item and its corresponding HTS code and duty rate. In general, all items that are imported into the U... Read More

Stay at the Front Lines of the Trade War

Posted on June 07, 2018. Category: Trade Publications

On March 8, 2018 the president issued proclamations 9704 and 9705 under section 232 of the Trade Expansion Act of 1962. These orders provided for 25% additional import duties for specified steel products and 10% additional import duty on specified Aluminum products from all countries including Mexico and Canada. On May 31, the United States lifted the exemption from products of Mexico and Canada origin prompting another escalation in what may are calling the “Trade War.”In response to these measures, Canada intends to enact trade-restrictive countermeasures on 128 U.S origin items inducing steel, aluminum, and other products from the U.S, totaling up to C$16.6 billion.... Read More

What Every Importer Should Know About TSCA

Posted on June 01, 2018. Category: Trade Publications

What is TSCA?     In 1976, the US Congress passed the Toxic Substances Control Act (TSCA), mandating the Environmental Protection Agency to regulate the manufacture and import of chemicals. The goal of this legislation was to protect the American people from “unreasonable risk of injury to health or the environment.” The EPA does this through assessing and regulating new chemicals before they enter the commercial market, and by regulating the use and distribution of extant chemicals that are deemed dangerous. Despite its misleading name, TSCA monitors all chemicals, not just those considered toxic or dangerous.    ... Read More

Shedding Light on FDA LED Regulations

Posted on May 24, 2018. Category: Trade Publications

     With the New Year upon us, new regulations are coming into force. One of these that affect businesses operating across borders is the Food and Drug Administration’s (FDA) reporting requirements for all products classified under 8541.40.2000 (light-emitting diodes-LEDs). The FDA is requiring the name and physical address of the original manufacturer in order to trace all “electrically-powered product that can emit any form of radiation on the electromagnetic spectrum.”     In companies’ efforts to save energy costs, LEDs are becoming a commonly used source of lighting across industries. The U.S.... Read More

Are Your Charges Dutiable?

Posted on May 11, 2018. Category: Trade Publications

     All importers are required to pay a percentage duty on the value of their imported merchandise, so determining the accurate value is a vital step in the entry process. When most goods come into the United States, an ad valorem (or percentage based) duty is assigned based on the total value of that good. As with any charge, an importer doesn’t want to pay more than what is required. Just like income taxes, there are both additions and subtractions that may be placed on imported goods to adjust the value.     Let&rsquo... Read More

Brazil Strikes Affect Imports

Posted on May 09, 2018. Category: Trade Publications

Brazilian federal tax auditors will be on strike from May 8, to May 10 and from May 15, to May 17, as they dispute salary bonuses.Customs will be affected at Brazilian ports and airports, which will lead to delays.One way to mitigate delays is to make sure that all documentation (invoices, bills of lading, etc.) are filled out correctly.If you have freight headed to Brazil, or if you would like more information about the customs process please contact us at allyncustoms@allynintl.com.About Allyn InternationalAllyn International is dedicated to providing high quality, customer centric services and solutions for... Read More

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