Credit: Photo by CHUTTERSNAP The Trade Zone is used to facilitate the process of importing and exporting goods into the country by deferring tariff costs. Don Ambrosia, a representative of Tri-Link Inc., operates as a distributor specializing in wine and spirits for the airline and transportation sector. Tri-Link Inc. has been working with American Airlines […]
The Traditional Site Framework (TSF) is outdated, slow, and cumbersome. It can take 12–18 months and cost a lot, so Tri-Link has adopted the ASF model for subzone FTZs, which take far less time and money. Here is how Tri-Link can expedite your FTZ solution. The “alternative site framework” (ASF) is an optional framework for […]
Formal Customs Entry Bonded Warehouse A bonded warehouse is within U.S. Customs territory. Thus, Customs entry must be filed before goods enter a warehouse. Foreign Trade Zone A foreign Trade Zone is not considered within U.S. Customs territory. Thus, Customs entry is filed just prior to removal of goods from the Zone and only for amount of […]
AForeign-Trade Zone (FTZ) is a secure, access-restricted, Customs & Border Protection privileged area in or near a U.S. port of entry where both foreign and domestic merchandise may be admitted, stored, exhibited, manipulated, temporarily removed, manufactured, or destroyed duty-free! Duties, certain user fees and taxes are only assessed on products that are transferred out of […]
The current trade war between China and the US continues to make headlines across the country. Just today trade talks resumed between the two large economies with agreements to have meetings on US soil in early October. The hope, of course, is that China and The White House can come to an agreement to help […]
Foreign Trade Zone benefits are being used to combat the high cost of tariffs. As part of President Donald Trump’s “America First” economic policy, he has imposed new tariffs and could renounce free trade agreements. Tariffs are taxes the government can place on imported goods. Tri-Link consults customers on the positive impact of the Free […]
Foreign Trade Zone history dates back to 1930. The Foreign-Trade Zone Act was implemented in response to the Smoot-Hawley Tariffs. This Act raised import duties even higher. The original Fordney-McCumber Act was enacted in 1922. It had already raised tariffs by nearly 40 percent. The government thought raising tariffs would protect U.S. businesses and farmers […]
Executive Summary The Foreign Trade Zone (FTZ) Program provides numerous logistical and financial advantages unlike any other Federal Program available to the trade industry. The goal of this analysis is to create a unique and realistic profile of direct and indirect savings by outlining the specific financial and logistical benefits realized by Tri-Link client Fremont […]
US-China tariff negotiations have restarted. US President Donald Trump and Chinese President Xi Jinping met to continue trade discussions. According to CNN, Trump said he would hold off on imposing new tariffs. However, existing duties would still be in effect. CNBC also reported that Trump said the 25% tariffs currently imposed on $250 billion in […]
Companies can reduce tariffs with FTZ Subzones. Utilizing Tri-Link’s ability to establish Subzone on private premises can benefit companies. Tri-Link has 30 years of experience and consulting services. This enables us to quickly access the potential for success and take the necessary steps to make it so. The applicant must demonstrate that the proposed use […]
Tri-Link delivers exceptional FTZ and 3PL services tailored to your global trade needs.
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