Insights

Impact of Red Sea Disruption on Global Shipping

December 05, 2024.
Logistics Publications, Trade Publications

Last year’s Red Sea crisis had a major impact on global shipping due to attacks on container ships. These disruptions caused delays, increased costs and supply chain disruptions, affecting key global trade channels and routes. Traffic through the Suez Canal, a key bridge between Europe and Asia, has...

Tariff Comments About BRICS Countries

December 04, 2024.
Logistics Publications, Trade Publications

In recent developments, President-elect Donald Trump has made several statements regarding his stance on tariffs. The latest statement being on November 30, he stated on Truth Social: "We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace...

Latest Updates on Trump’s Tariff Decisions

November 26, 2024.
Logistics Publications, Trade Publications

In recent developments, President-elect Donald Trump has made several statements regarding his stance on tariffs. The latest statement being "On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United...

President Donald Trump: What Can the Trade Community Expect in 2025 and Beyond?

November 26, 2024.
Trade Publications

Donald Trump’s 2016 presidency inaugurated major changes to US international trade policy, most notably the renegotiation of NAFTA into the US-Mexico-Canada Agreement (USMCA) and major additional tariffs on Chinese products in particular and aluminum and steel in general. The durability of these policies became apparent in 2020 at the turnover...

Post Election: US Tariff Risks

November 22, 2024.
Logistics Publications

A major topic of the 2024 Trump campaign was centered around the use of trade policy global diplomacy and economic protection strategies. With his election win, we can anticipate significant shifts in global trade action, including policies aimed at reshaping supply chains and trade practices. Here are some key takeaways...

In Case You Missed It: Last Week in Allyn Tax News (Nov 22)

November 22, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? Pumpkins used for cooking may be tax-free, while pumpkins meant for decoration are often taxable. For example, in Iowa, you’ll be taxed on a pumpkin with no intention of becoming pie! To learn...

In Case You Missed It: Last Week in Allyn Tax News (Nov 11, 2024)

November 15, 2024.
Tax Publications

Allyn Tax Fun Facts Happy National Veteran’s Day! Are you ready for more Allyn Tax Fun Facts? Some states offer tax-free shopping days around Veterans Day for veterans and active-duty military personnel. For example, Louisiana has a “Veterans Day Sales Tax Holiday” where eligible veterans enjoy...

Chinese Unreliable Entries List Expands Towards Commercial Business

November 14, 2024.
Logistics Publications, Trade Publications

In 2020, the Chinese Ministry of Commerce (MOFCOM) instituted a punitive trade sanction program called the Unreliable Entries List (UEL) with a broad mandate to protect Chinese national security and trade. Larger in scope than the US DoC Denied Persons List, the UEL sanctions specific people, organizations, and companies for...

In Case You Missed It: Last Week in Allyn Tax News (Nov 8)

November 07, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? In some states, candy is taxable, while in others, it’s exempt as a grocery item. The real twist? States like Illinois tax candy at a higher rate than other food items, unless it...

Drop Shipping Explained: A Beginner’s Guide to E-Commerce Success

November 06, 2024.
Tax Publications

As a company grows, managing every aspect of its operations can become increasingly challenging, especially when it comes to shipping. One way to ease this burden is by utilizing drop shipments. In a drop shipment transaction, a retailer or seller receives an order from a customer and forwards it to...

Are Chinese Electric Vehicles on the US Market Inevitable?

November 01, 2024.
Logistics Publications, Trade Publications

Chinese electric car manufacturer, BYD has garnered attention for the cheap price tag on its electric vehicles and their success in penetrating the global market. Widely sold in south and central America and dominating 10% of the European electric vehicle market, BYD’s regional Mexican head, Jorge Vallejo recently announced...

In Case You Missed It: Last Week in Allyn Tax News (Nov 1)

November 01, 2024.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? Some states tax costumes while others don’t. Massachusetts exempts children’s costumes but taxes adult ones. In New York, costumes priced over $110 are taxed as luxury items! To learn more, ask an...