Customs Modernization and Informed Compliance Act: What is “Reasonable Care”?
May 25, 2022.
Logistics Publications, Trade Publications
The Customs Modernization and Informed Compliance Act or Mod Act establishes clear requirements that parties must exercise “reasonable care” when conducting business related to importing into the United States, but what is reasonable care? Every import transaction is different, from the nature of the imported goods to the...
Read MoreWhite House Announces New Indo-Pacific Economic Framework
May 23, 2022.
Logistics Publications, Trade Publications
The Biden administration announced the launch of the Indo-Pacific Economic Framework (IPEF) on Monday, May 23, which is designed to promote financial and economic stability in Asia and Oceania. The pact follows the initiation of the Regional Comprehensive Economic Partnership (RCEP), a trade deal spearheaded by China in January of 2022, and...
Read MoreBaby Formula Shortage Underscores Supply Chain Struggles; US Plans to Ease Import Restrictions
May 19, 2022.
Logistics Publications, Trade Publications
A sudden nationwide shortage of baby formula has served as a stark reminder that supply chain woes continue to be felt midway through 2022. Across the United States, 40% of formula is currently out of stock, while individual states are seeing even more acute supply gaps, which have increased by 2,000% since January....
Read MoreCBP Specialists Intercept Rare Pest
May 17, 2022.
Logistics Publications, Trade Publications
U.S. Customs and Border Protection is one of the world’s largest law enforcement organizations. This is understandable when you consider CBP’s wide ranging mission that includes things like counter terrorism, combatting transnational crime, securing our borders, facilitating lawful trade, and of course, collecting duty and...
Read MoreDoes Artificial Intelligence have a place in HTS Classification?
May 16, 2022.
Logistics Publications, Trade Publications
International Trade is complex and often quite meticulous. The industry continues to grow more and more complex as technology advances and relationships among countries evolve. Continuous advances in technology force industry leaders to consider things they have never considered before. In 1990, world trade leaders probably were not debating where we...
Read MoreGerman / America Trade Compliance (German)
May 12, 2022.
Logistics Publications, Trade Publications
Deutschland und die Vereinigten Staaten von Amerika sind nicht nur internationale Supermächte im Sinne von Kriegsführung und globalem Einfluss, sie sind auch Weltmarktführer im internationalen Handel und Export. 1955, während der Nachkriegsbesetzung Deutschlands, nahmen die Vereinigten Staaten „diplomatische Beziehungen zu Westdeutschland auf,...
Read MoreGerman / American Trade Compliance
May 12, 2022.
Logistics Publications, Trade Publications
Germany and the United States of America are not simply international superpowers in the sense of warfare and global influence, they are also world leaders in international trade and exports. In 1955, during the post-war occupation of Germany, the United States, “established diplomatic relations with West Germany, which included the...
Read MoreU.K. Trade Minister Aims to Strike “Mini” Deals with U.S. Individual States
May 03, 2022.
Trade Publications
Penny Mordaunt, U.K. Minister of Trade, toured several U.S. states to begin a discussion about trading with states individually. Mordaunt said as a country, the United States “has more to do to be ready for an FTA.” She now spends time negotiating with officials in California,...
Read MoreThe Use of Technologies in Customs Procedures
May 03, 2022.
Logistics Publications, Trade Publications
For years, international organizations have been involved in promoting new strategies to enhance international trade under the globalization framework. Perhaps no aspect of trade has played a bigger part in the globalization and facilitation of trade than technology. A significant increase in e-commerce has created a need for better and...
Read MorePotential for Change in Section 301 Tariffs
April 28, 2022.
Trade Publications
The Biden Administration is evaluating the potential to lower tariffs on non-strategic goods imported from China, as a measure to help combat inflation and advance strategic political and economic priorities. On April 21st, 2022, Reuters reported Deputy National Security Adviser Daleep Singh’s comments on the potential of restructuring Section 301...
Read MoreBuy America Act (BAA)
March 28, 2022.
Logistics Publications, Trade Publications
What is the Buy America Act? It is an act that was introduced in 1933 during the Great Depression and was intended to promote and increase U.S. jobs and industry. The BAA applies to supply and construction contracts between $10,000 and the dollar threshold for Trade Agreements Act (TAA). Supply and...
Read MoreVessel Manifest Confidentiality
March 25, 2022.
Logistics Publications, Trade Publications
Did you know that anyone can see where a company is shipping to and shipping from? All they need is access to PIERS (Port Import/Export Reporting Service) data and your company could have a potential IPR (intellectual property rights) issue on your hands. Don’t fret! Customs...
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