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The North American Free Trade Agreement (NAFTA) is the current free trade agreement among the United States, Canada, and Mexico, and will soon be replaced with the United States—Mexico—Canada Agreement (USMCA). NAFTA went into effect in 1994, making favorable changes to encourage trade and production in North America. Since its…
The overall challenge of logistics is to ensure the transportation of the correct product to the right place, at the right time, at the right price. Why should you choose a career in logistics? All types of businesses whether they are big or small, require logistic specialists, coordinators, and managers…
Since 2018, the United States and China have been engaged in a trade war, placing substantial tariffs on the import of many commodities, significantly impacting the economies of both countries. To resolve this conflict, the US Government and Chinese Government have rolled out Phase One of the U.S – China…
In an ever-competitive global market, industries have looked toward any slight advantage over rival businesses. One method of bridging gaps in tech or design in your product is through a method known as reverse engineering. Merriam-Webster defines reverse engineering as, “to disassemble and examine or analyze in detail to discover…
February 14th, Valentine’s Day, is quickly approaching and there is still time to get your beloved partner the perfect Valentine’s gift. The classics – flowers, chocolates, dinner and a movie, and jewelry are all great options. However, nothing says “Be Mine?” more than tariff reductions. President Donald Trump’s plans to…
The emergence of the coronavirus has shaken the supply chain industry, as retailers and shippers battle against a series of obstacles surrounding the outbreak. The coronavirus, causing pneumonia-like symptoms, is thought to have originated in the wild animal food markets of Wuhan city, one of China’s leading manufacturing centers. The…
As ecommerce has exploded over the last two decades to become a pillar of our global economy, state and local taxing authorities have fought to expand the tentacles of sales tax as an effective and lucrative means of growing tax revenue with an expansive reach from coast to coast. With…
Since January 23, Wuhan, China – a major industrial and transport hub in the inland Chinese province of Hubei – has experienced a deadly novel coronavirus that has already infected more than 7,900 people globally. Now, human beings are fighting with the disease. Source: https://weibo.com/dxydoctor?topnav=1&wvr=6&topsug=1&is_hot=1#_rnd1580363276893 Overnight, British Airways announced that…
On Friday, January 24, 2020, President Trump proclaimed that beginning February 8th, additional tariffs will be added to the pre-existing Section 232 of the Trade Expansion Act of 1962. In an attempt to bolster the domestic steel production rate, the president has imposed tariffs on articles derivative of steel and…
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