merchandize processing fee

Reduce Merchandise Processing Fees (MPF)

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 …

Weekly Entries

FTZ Weekly Entry Filing

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 …

What is a foreign trade zone

What is a Foreign Trade Zone?

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, …

China’s Tariff Waiver List, Are You On It?

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, …

Are Tariffs Truly Good for America?

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. …

Offset the Chinese Tariff with a FTZ subzone

FTZs can Help Offset the Additional 10% Tariff on Imported Chinese Goods

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 …

FTZ Subzones

Reduce tariffs with FTZ Subzones

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 …

Foreign Trade Zone Benefits

Published on July 15, 2019 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

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 …