You’ve seen it all over the news for the last few weeks. It’s impossible to get away from, and this week we’re going to go a little deeper into the impeachment inquiry of US President Donald Trump and what this means for the tariff stalemate between our country and China, the economic superpower on the other side of the planet. …
On Nov. 6, 2019, Fitbit, which is about to be acquired by Google for $2.9 billion, announced that it has undertaken a plan to shift its manufacturing operations outside of China for effectively all of its trackers and smartwatches. As a result, starting in January 2020, the company expects those products will no longer be of Chinese origin and therefore not subject to Section …
There are various benefits to using a Foreign Trade Zone (FTZ), but companies must stay within the guidelines of what is allowed in at FTZ. Both large and small companies use Foreign Trade Zones, including importers, manufacturers, distributors, assemblers of products, and exporters of imported merchandise and/or products containing imported merchandise. Here is a list of activities that are permitted in …
In March of 2018, American steel manufacturers experienced something amazing. An influx of orders that hadn’t been seen in years came flooding into these plants and even led to some long-dormant smelter facilities being reopened. The cause of all these orders was a direct result of Trump’s 25% tariff on steel imports. Most business owners would view this as a …
The electronics industry has been especially affected by the most recent trade war and tariff hike. Some of these businesses are looking for ways to mitigate their rising costs, and reducing personnel is a serious contender. According to an industry survey, companies in this sector are investing less, slowing down hiring and, in some instances, laying off employees as a …
“The uncertainty is still there,” says John Frisbie, former president of the U.S.-China Business Council. The referenced uncertainty has to do with the hopeful deal that China and the White House made last week, which loosely outlines China’s promise to purchase more farm goods from the U.S. What is not clearly written, is exactly how much to be purchased, the …
Tri-Link’s consulting services include solving international trade problems, overcoming barriers to trade, educating the international trade community regarding Foreign Trade Zones and expediting international cargo through the U.S. ports of entry for importation and exportation. With an international trade consultant and corporate Custom House Broker on your team, Tri-Link provides a unique blend of international trade-related services to importers, exporters, …
As a business owner, your primary focus is on growing your business. This means expanding your market, looking for competitive advantages anywhere you can, finding cost-saving strategies with every new challenge and hiring the right people on your team to help you achieve these goals. Global markets rise and fall and depending on the industry you’re in, this can directly …
The European Union has been in the media lately, as details about illegal subsidies and loans provided for years to airplane manufacturer Airbus have come to light. Given these recent developments, the World Trade Organization gave the U.S. a proverbial ‘thumbs up’ on slapping an additional $7.5 billion of tariffs annually to goods imported from the zone. These new tariffs …
Chinese tariffs are set to increase Oct. 15 on $250 billion worth of Chinese goods. Although some products have recently become exempt from the 25 percent increase, the act was more about providing relief to some U.S. companies that may have suffered from Trump’s tariffs since they can’t find a supplier outside of China. President Trump is set to resume …
The casualties of the current trade war continue to pile up, and now the EU is joining in. Today they announced the consideration of hitting the United States with a tariff on $4 billion worth of US exports, clearly showing they will use the same tactics that the White House has been using. With only one EU member opposing this …
Tri-Link has helped clients reduce FTZ Merchandise Processing Fees. A Merchandise Processing Fee (MPF) is a fee assessed by U.S. Customs for most imports into the U.S., not including duty, freight, and insurance charges. The minimum amount of the fee shall not be less than $26.22 and caps at $508.70. Tri-Link can help mitigate the MPFs through the following strategies …
