Importing from China? Your Products Could Be Hit With A 25 Percent “Special” Tariff!

Posted by Suzanne Richer

In a further indication that U.S. trade policy toward China has stiffened, the Trump Administration has initiated a punitive tariff action against China under Section 301 of the Tariff Act. Section 301 empowers the White House to impose additional import tariffs on the products of countries who maintain discriminatory policies against U.S. products and services.

Read More

Topics: Import Management, Product Classification, Global Trade Academy

Tax Triumphs & Trade Troubles: What You Need to Know for 2018 Cross-border Trade

Posted by Paris Riley

They say that two things are certain: death and taxes. But another certainty is that once you've built your business around a particular tax structure, it will change.

Since the new tax plan was officially announced three months ago, companies that operate in or with the United States are still scrambling to understand it, especially along with new trade restrictions, import regulations, and tariffs. Some changes, such as the import restrictions on solar panels and washing machines, have been released in full, but others remain mere speculation, making import compliance all the more difficult this year.

Read More

Topics: Import Management, Duty Management

Brexit Resources: Are Your Import and Export Compliance Teams Ready?

Posted by Joseph Gabro

We are officially one year away (well, 367 days if you want to be exact): On March 29, 2019, the United Kingdom is scheduled to leave the European Union. While Britain is still searching for an independent customs bill that could legislate trade relations outside customs union membership, global trade professionals must prepare for the various scenarios at hand. Although we have known about this impending Brexit since June of 2016, many questions are left unanswered - are your import compliance and export compliance teams ready for the challenges ahead?

Read More

Topics: Import Management, Duty Management, Export Management, Export Compliance

Trade Sanctions Update: The Hotbed Gets Hotter

Posted by Gary M. Barraco

In recent years, importers and exporters have needed to stay on their toes regarding changes to trade rules of all kinds, and that is rightly causing trepidation. 

Economic and trade sanctions are the most widespread and powerful means of displaying disdain for one country’s actions on the world stage. Unilateral or bilateral sanctions are strong penalties that restrict trading activity of goods imported from or to a country. They might also be used to assess duties on particular goods in retaliation for another country’s trade sanctions.

Read More

Topics: Import Management, Export Management, Import Compliance, Export Compliance, Restricted Party Screening, Global Knowledge

The Odds Aren’t in Favor of Your Global Sourcing and Logistics Relationship

Posted by Julia Gorman

Only 1 in 4 shippers connects sourcing and logistics on a single platform. If your organization falls into the majority (and the odds are you do) you likely miss out on opportunities to optimize global performance through the utilization of free trade agreements.

Recent American Shipper research reveals that the odds aren't in favor of your global sourcing and logistics relationship, as illustrated by Amber Road's infographic: Bridging the Sourcing-Global Trade Divide.

Read More

Topics: Global Sourcing, Import Management, Duty Management, Export Management, Transportation Management, Trade Compliance

Webinar: Don’t Be Blindsided by Customs Law & Import Regulations!

Posted by Julia Gorman

Customs laws and regulations are continuously changing. This challenges your ability to comply with labor regulations and imported product restrictions, making it increasingly easy to get blindsided by penalties at the border.

At the same time, changing trade regulations and enhanced inter-agency enforcement techniques are delaying the clearance time for sensitive imports. This results in longer lead times and higher costs associated with customs exams and storage fees. 

Join Amber Road’s Global Trade Academy as we tackle the changes and potential pitfalls for importers during our webinar, Your Shipment Was Stopped? Don't Get Blindsided By Customs Laws & Regulations! It will broadcast live on Tuesday, March 20th at 2pm EDT.

Read More

Topics: Webinars, Import Management, Global Trade Academy, Trade Compliance

Q&A - The Great Trade Pivot: Changing Policies and Their Impact on Your Global Supply Chain

Posted by Paris Riley

A few weeks ago, Amber Road's Global Trade Academy hosted the webinar The Great Trade Pivot: Changing Policies and Their Impact on Your Global Supply Chain. This webinar (available on-demand) walks through some of the biggest potential policy changes that could dramatically raise your import costs and have a profound impact on your company’s import compliance program.

Robin Grover, an international trade lawyer with over 35 years of experience handling all aspects of export-import issues, recieved a lot of great questions during the live broadcast and he has taken the time to answer some here.

Q: What is your opinion on GSP getting reinstated? What timing do you expect? 

    1. CBP notes on its website: “GSP periodically expires and must be renewed by Congress to remain in effect. The 2015 GSP reauthorization (H.R. 1295) expired on December 31, 2017. All previous GSP renewals that have taken effect after a lapse have included a retroactive clause providing refunds to importers of eligible goods imported during the lapse period.”  Customs goes on to recommend that you “flag” all GSP entries: “Until further notice, importers are strongly encouraged to continue to flag GSP-eligible importations with the SPI “A,” even as they pay normal trade relations (column 1) duty rates on otherwise GSP-eligible importations. Importers may not file SPI "A" without duties.”   I fully agree with Customs on this and expect that Congress will ultimately renew GSP and make its benefits for entries retroactive.  On a related note, please be aware that CBP in conducting audits is looking for substantial documentation in your files to support claims of GSP duty-free status for your imported goods.
Read More

Topics: Webinars, Import Management

Pivotal Trade Initiatives: Increased Duties & The Global Supply Chain Impact

Posted by Suzanne Richer

The importing community is reacting to the recently announced tariff increases based on a recommendation from the United States International Trade Commission. This led to President Trump’s move to add a 30% tariff on solar cells and up to 50% for imported washing machines. The tariffs on the solar cells would decrease over a four-year period. 

The President is using Section 201 of the Trade Act of 1974, the so-called “escape clause” to take this action. This rarely used statutory provision empowers the President to grant temporary import relief, by raising import duties or imposing non-tariff barriers on goods entering the United States that injure or threaten to injure domestic industries that produce similar goods.  

Read More

Topics: Import Management, Import Compliance, Trade Compliance

1 in 4 Shippers Connects Sourcing & Logistics on a Single Platform

Posted by Julia Gorman

Traditionally, sourcing and logistics/trade compliance operations have been disparate and distinct. But believe it or not, times have changed. Today, there’s a straight line linking sourcing to global trade, yet many companies continue to treat these operations in traditional ways.

Although commonly overlooked, leveraging the connection between sourcing and trade is critical for optimal performance in today’s global climate. In order to manage supply chains in the current environment, a harmonization of data and functions needs to happen.

Amber Road is proud to sponsor American Shipper’s research report, Bridging the Sourcing-Global Trade Divide. Whether you leverage a single digital platform or not, the findings are sure to shock you.

Read More

Topics: Global Sourcing, Import Management, Duty Management, Export Management, Transportation Management

Forbes Looks Ahead to Import Management in 2018: Amber Road CEO Weighs In

Posted by Julia Gorman

With 2018 on the horizon, players in the supply chain space have been reflecting on the past year in hopes to predict what the future has in store. From the political climate to natural disasters, supply chains have been taken for a wild ride in 2017. If this is any prescience for how to prepare for the approaching year, global organizations should expect the unexpected.

Forbes’ recent article, Supply Chain Trends To Watch In 2018, explores the key supply chain trends for the upcoming year. Categories include; omnichannel revenue management, logistics workers and labor shortages, tariffs and global supply chain networks, and the hype surrounding digital technologies.

Read More

Topics: Import Management

Cookie Settings