The U.S. puts in place the latest tariff increase – here’s what you need to know… As announced on August 30th, 2019 in a Notice of Modification of Action from the Office of the United States Trade Representatives, additional 301 tariffs are now in place. For products covered by Annex A of the August 20, […]
According to CBP, due to inflation the minimum and maximum amount for MPF (Merchandise Processing Fee) for CBP fiscal year 2020 will change starting October 1st. The MPF ad valorem rate of 0.3464% will not change, however the minimum and maximum amounts on formal entries will change as follows: MPF minimum as of Oct 1st […]
On August 13, 2019, it was announced that the US is delaying imposing tariffs on over $300 billion dollars of imports from China until Dec 15th because of “health, safety, national security and other factors” according to The Washington Post and other news sources. The products include mobile phones, laptops, video game consoles, some toys, […]
Today, American Shipper published in their Daily Digital Magazine, the news that acting CBP Commissioner, John Sanders, is resigning effective July 5th, 2019. Acting Commissioner Sanders was in his role for 2 1/2 months. According to various news reports, President Donald Trump is expected to name Mark Morgan, a former FBI analyst who currently serves […]
Facing the onslaught of President Trump’s China Tariffs, importers are having to get creative in order to minimize the impact these higher duty rates will have on their goods. Foreign Trade Zone / Bonded Warehouse / Tariff Engineering Foreign Trade Zones (FTZ), approved by the U.S. government, can be a temporary haven for companies reducing […]
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Changes published today in CBP Admin Message CSMS# 19-000310 Interest Rates for Reconciliation Effective July 2019, CBP will no longer publish on CBP.gov the quarterly interest rates for Reconciliation. Filers can find the quarterly rates on the www.irs.gov website by querying “quarterly interest rates for (YYYY)” in the search engine located on the upper right […]
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U.S. Customs Centers of Excellence and Expertise, aka “CEEs” are Customs way to better align with modern business practices. Whether or not you are currently engaged with your CEE, Importers are already assigned to one. Ever wonder how to find out which CEE team has been assigned to your company? Well, it’s not as difficult […]
CBP TRADE SYMPOSIUM IN CHICAGO – CBP sent out a formal notice that the Trade Symposium will be held in Chicago this year. The registration will open on Thursday, June 13th, at noon EST. Learn more here. This is always a great event to get up-to-date information on current trade activities. The event sells out […]
Read More… from CBP Trade Symposium announced – July 23rd-24th