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 …