The White House Executive Order issued April 2 stated that all articles imported into the U.S. will be subject to an additional ad valorem rate of duty of 10 percent. The rates of duty shall apply with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. ET on April…
President Trump announced a baseline 10% tariff on U.S. imports, with steeper reciprocal levies on goods from a slew of other nations, including Europe, Japan and China. Why it matters: Trump’s announcement ends the free-trade era that has defined global commerce for decades — a move that risks higher consumer prices and economic damage. What they’re saying: “This…
LONG BEACH, Wash. (AP) — Russ Lewis has picked up some strange things along the coast of Long Beach Peninsula in Washington state over the years: Hot Wheels bicycle helmets with feather tufts, life-size plastic turkey decoys made for hunters, colorful squirt guns. And Crocs — so many mismatched Crocs. If you find a single…
FOREWORDBonds are required for a wide range of transactions and activities, and are the primary tool used by U.S. Customs and Border Protection (CBP) to safeguard the revenue of the United States and ensure compliance with applicable laws and regulations. As such, it is imperative that the trading public have the information needed to properly…
Costs to ship goods from Asia to the U.S. are turning sharply upward, but American importers appear to be absorbing the higher prices after watching freight rates plummet this year from record highs. The average spot rate to ship a 40-foot container from China to the U.S. West Coast rose 61% during the six weeks…
THE SURPRISE PACKAGE “With more than three decades at UPS® under my belt, I would say that I bleed brown!” It was 1990 when Jeff McCorstin originally began his esteemed career at UPS®, one of the world’s largest package delivery companies, as a peak season package delivery driver. Though UPS® is famous for delivering packages all over…
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