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 …
When importing items into the United States, Tri-Link can help save time and money through utilizing Weekly Entry Filing (WEF), rather than having to do numerous single entries. According to the U.S. Food and Drug Administration (FDA), “Brokers (entry filers) can submit a weekly estimate for repetitive, high volume entries of low-risk products by estimating the amount of product that will …
A Foreign Trade Zone is located outside the Customs territory of the United States, often a warehouse or factory. Since it is not in the Commerce of the United States, many benefits are created for importers, exporters, manufacturers, and distributors who source foreign goods, components and raw materials. The benefits include but are not limited to duty deferral, duty elimination, …
A few industry products won the ‘tariff lottery’ this week, by being put on a list that China’s Ministry of Finance compiled. These products would have tariff’s waived beginning September 17th of this year and last for a full year until September 16th of 2020. This is great news for these particular goods, which include things like food for livestock, …
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 stem further increases in tariffs. …
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 stem further increases in tariffs. …
Published on August 9, 2019 As a result of continued trade talks with China, President Trump announced that he will implement an additional 10% tariff on the remaining 300 billion dollars of goods being imported from China into the U.S. starting on Sept. 1, 2019. He recently implemented of 10% tariff on $200 billion worth of Chinese goods, in addition to …
Published on August 5, 2019 When it comes to paying fees on imports, there is a difference between customs duty vs. tariff. They are both a type of tax imposed on products imported from another country into the United States. They are meant to protect United States industries from low-cost manufacturing that is done abroad and imported into the U.S. …
Published on July 25, 2019 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. A Subzone is a single Foreign Trade Zone …
