Trade and Manufacturing Monitor
Duty Preferences for India and Turkey to Be Revoked
On Monday, March 4 th, President Trump announced that India and Turkey will no longer benefit from the United States’ Generalized System of Preferences (“GSP”) program. The GSP program, established by the Trade Act of…
CBP Updates "Guidance for Reimbursement Certificates"
Today Customs and Border Protection (CBP) published an updated version of its “Guidance for Reimbursement Certificates”; see https://www.cbp.gov/document/guidance/guidance-reimbursement-certificates . In the…
Mexico, China and Section 301
One of the potential consequences of the U.S.-China trade dispute is that more companies may consider supply chain sourcing from third countries such as Mexico. This may include direct sourcing in the third country or…
US Customs Releases Proposed Drawback Rules Comments Due September 16th
US Customs and Border Protection has finally released the much anticipated proposed changes to the drawback regulations. (See FRN August 2 ) Drawback provides an opportunity for importers to apply for refunds of duty…
New Bonds Needed for Importers of Products on the Section 301 List
With the Section 301 25% duties on imports of Chinese made products set to go into effect on July 6, 2018, importers should be aware that they may need to increase their bond amounts. Bonds are based on value and duty…