Since the COVID19 pandemic, the supply chain has been assaulted with burgeoning demands which result in bottlenecks and other hold-ups. Keeping air cargo running smoothly is imperative. Air freight is considered the fastest way to effectively move packages long distances on a global scale. However, the service is not cheap, and many businesses have […]
On December 16th, legislation passed by the Senate and is now on its way to the White House to ban imports connected at any point in the supply chain to China’s Xinjiang Uyghur Autonomous Region (XUAR). This poses a challenge to importers of goods from anywhere in the world that may use inputs made in […]
Covid19 threw a wrench into the global supply chain and revealed the logistic industry’s many weaknesses. Restoring the supply chain to its pre-pandemic state is extremely complex and the challenges continue to escalate. Everything is further snowballing with skyrocketing, unexpected delays, bottlenecks, and disruptions. Impacts on the Supply Chain One of the biggest impacts on […]
An Anti-Dumping Duty (or ADD) was imposed on specific flat rolled products of aluminum imported from China recently on December 6, 2021. The government imposed ADD on the imports, which fell under the Chapter Heading 7606 of 7607 of the First Scheduled to Customs Tariffs Act, 1975, which originated in or exported from China w.e.f […]
In November, the Ministry of France of the Government of India and the Department of the Treasury of the US announced they reached an agreement with India in regards to the treatment of Digital Service Taxes (DSTs). Under this agreement, US companies accruing in India during the interim period will be credible against future taxes […]
As 2021 comes to a close, it’s time to reflect on the most significant logistics and supply chain news events of the past year. Without a doubt, it has been a rollercoaster ride with many events topping the list. Congress Passes President Biden’s $1.2 Trillion Infrastructure, Bill. The industry is applauding the passes […]
International trade is booming which is why you need a freight forwarder New York who is an expert in importing and exporting. The entire process can be complicated if you lack the proper expertise. A freight forwarder New York specialist has a firm understanding of the entire customs process, the needed documents, and all regulatory […]
The correct classification of goods for entry within the Harmonized Tariff Schedule of the United States (or “HTS” for short) is of critical importance to each and every company or individual entering goods into the US. Without a correct classification, an importer may miss a savings opportunity for a product eligible for reduced or duty-free […]
The US and EU announced October 31st, 2021, that they had agreed to lift the US tariffs of 25% on imports of steel from EU and 10% on imports of aluminum from the EU, imposed under Section 232 of the Trade Expansion Act of 1962. In turn, the EU is lifting its own tariffs on […]
International trade is tricky whether you specialize in imports or exports. You’ll be faced with very different rules and procedures for various countries and states. Florida is a thriving hub and you’ll want an experienced freight forwarder Miami specialist to work with you on all of your business needs. Sobel International freight forwarder Miami […]
