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Since the onset of the trade wars between the United States and China in spring of 2018, the growth of additional duties owed for goods where the country of origin is in China is not slowing down. On May 10, 2019, the duty amount on products subject to Section 301 tariffs contained on List 3 increased from 10% to 25%. There is also concern that the U.S. will soon assess additional duties on nearly all goods from China. The impact of these additional duties has a direct effect on U.S. Customs Import Bonds, as the bond amount is primarily calculated […]
With the rate hike on many Chinese goods, and a new round of tariffs proposed, importers and customs brokers need to be vigilant about monitoring bond sufficiency. May 2019 was a very busy month for the Trump administration and changes to tariff rates. Some importers will see some relief with the reductions and/or removal of tariffs on aluminum and/or steel from Turkey, Canada, and/or Mexico. India and Turkey will soon have their GSP eligibility revoked. And, the automobile and parts tariff decision was delayed for up to 6 months. However, hikes to existing tariffs and the initiation to impose […]
Have you visited KnowledgePort for your ATA Carnets education needs recently? Whether you’re looking to stay current on the industry or jumpstart revenues, the ATA Carnet content in KnowledgePort is there to help you. We currently have three courses on ATA Carnets for you to check out. Learn online and on your own schedule with any or all of these courses, and earn NEI continuing education credits to meet your CCS, CES or MES requirements. These courses are available at no cost to Roanoke clients. ATA Carnet Fundamentals | Interactive Course This series of lessons will familiarize you […]
Back by popular demand, our next customs bond roundtable discussion is scheduled and will be live on June 6th! This second event in our webinar series is designed to focus on the issues that matter most to you, our customers. Representatives from our Customs Bond Management Team will be your hosts, educators, troubleshooters and entertainers (well, maybe entertainer is a stretch!). Mark Thursday, June 6th on your calendar, pick a comfortable seat and join us at 1PM CT for this exciting event!
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