Tips To Mitigate The Fears Behind Tariffs

What is a tariff? In today’s world, a tariff is a tax enforced by the US federal government to protect domestic industries against environmental, safety and competitive threats. Tariff codes apply to goods imported from a foreign market, which is where the Harmonized System (HS) comes into play.

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Your Broker Knows Blog

Tips and Tricks For Shipping Gifts

Picking out a present can be laborious, accompanied by gift limits and import tax on gifts regulated by federal governments making the entire process more taxing. Preparation is the key to getting the presents you want into the hands of those you love without the additional hassle. If you are shipping a gift or operate a business that ships gifts internationally or domestically, we can assist you in getting your cargo to the intended destinations with various trade, freight and customs brokerage services tailored to your shipping needs.

Tips To Mitigate The Fears Behind Tariffs

CBP Appraisement

Last week we looked at CBSA Valuation in Canada. This week let’s switch gears and head south to look at CBP Valuation. Customs valuation, also known in the US as customs appraisement, is an important topic on both sides of the border. While most companies spend considerable time and resources preparing for tax audits, it’s equally important that the same amount of effort be dedicated to customs appraisement. The laws between countries can be quite different in some ways and yet very similar in others.

Am I Importing An eBike Or Is It A Motorcycle?

The sun’s out so we’re out. Whether you are getting a workout in while traveling to the office or just hitting the trails for pleasure, you may have seen one of those snazzy electric bikes. They are all the rage, but have you ever wondered… if I buy an eBike online from another country, how do I import it? In this blog, we will walk you through everything you need to know to bring your new bike into the US.

The History Of US Tariffs

As any US importer knows, a tariff is a customs duty, an import tax imposed by the US federal government upon many goods imported into the Customs Territory of the US (the 50 states, Washington, DC, and Puerto Rico). Historically, governments have used tariffs as a primary means of collecting revenue. Today, other kinds of taxes – like income and sales taxes – account for most government revenue in developed countries, although tariffs can be significant with respect to certain categories of imported items. Tariffs are now primarily employed by governments to protect domestic industries or as leverage in foreign trade negotiations and disputes. In this blog, we will take a look at the history of US Tariffs and how they play a significant role in trade negotiations and the economy.

What Is Cargo Preclearance?

Cargo preclearance is an arrangement between two countries that allows Customs and Immigration officers from the country of destination to be located in the country of origin. These officers then clear or deny the admission of goods prior to entry into the destination country.

5 Tips To Manage Your Country Of Origin Certificates (And Why It’s Imperative To Your Bottom Line That You Do!)

If you are a part of a large organization that sources your goods globally, you may run into a common problem: How can our Certificate of Origin (COO) be managed efficiently? Who is responsible for ensuring they are up to date? Where should the information be stored? How often should it be reviewed?

Commercial, Proforma And Special US Import Invoices

US Customs and Border Protection (CBP) is serious about commercial import invoices. The commercial import invoice is used when the agency determines if the duties, taxes and fees involved with goods imported into the US were declared correctly by the importer. Because the exporter-created document contains all the pertinent information related to the import shipment, the commercial import invoice is required for clearance by CBP in a form that comports with agency requirements, which can be found in Title 19 of the Code of Federal Regulations (aka CBP regulations).