Foreign Trade Zone History

Published on July 7, 2019 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 …

US-China tariff

US-China tariff negotiations to continue

Published on July 2, 2019 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 …

Tri-Link Success Story: Fremont Electronics

Published on March 14, 2019 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 …

FTZ vs Bonded Warehouse

Published on February 8, 2019 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 …

Top 8 Benefits of Foreign Trade Zones

Published on January 2, 2019 A Foreign-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 …