Your Broker Knows Blog

5 Tips To Save On Import Costs
Jan Brock

It’s not often that a service provider will tell you how not to pay as much for their services, but when they do, we all sit up a little straighter and pay attention. Such is the topic of today’s blog on how to reduce your import costs with these 5 tips.

November 16, 2021
Dos And Don'ts Of Section 301
Misty Gibbins

Section 301 of the Trade Act of 1974 allows the US Trade Representative (USTR) to investigate and increase tariffs or impose trade sanctions on countries whose trade practices are deemed discriminatory to US commerce. It reaches beyond the General Agreement on Tariffs and Trade (GATT), to give the US authority to penalize importers of foreign goods. This legislation allows the US to enforce their rights under bilateral or multilateral trade agreements.

October 28, 2021
Import Detentions and Seizures: What You Need to Know to Avoid Heartbreaking and Expensive Problems
Breanna Leininger

When US Customs and Border Protection (CBP) concludes that an examination of imported goods for trade compliance is in order, the

October 7, 2021
Lacey Act Phase 6 In Force October 2021
Misty Gibbins

If you import, export, transport, sell, receive or acquire goods made up of plant or wood products grown or manufactured outside of the US, then you are likely following the implementation of the Lacey Act. Currently, the Lacey Act implementation is in Phase 5, but will enter Phase 6 on October 1st, of this year. Keep reading to understand what this means to your business and the additional steps you will need to take.

August 31, 2021
Understanding Trade Deficits and Surpluses
Jan Brock

Canada and other countries are constantly negotiating and renegotiating trade deals to gain economic advantage in the global economy. A basic understanding of some of the terminology surrounding trade can benefit our understanding of some of the trade deals in the news today.

August 26, 2021
Increased Enforcement On “Made In USA” Claims
Breanna Leininger

We have all seen the “Made in USA” stamp or label affixed to goods purchased around the world. Although the label is intended to be used to identify goods as meeting the Rule of Origin, it has also morphed into a mark of quality goods resulting in its use for sales purposes. We feel good about purchasing these goods because they are helping our economy and employing our residents. However, in recent months the Federal Trade Commission has ascertained that there is “rampant fraud” in the use of these labels and state that “violators essentially faced no consequences.” This has sparked impending rules on such claims with steep penalties for those who use them fraudulently.

August 12, 2021
Understanding And Avoiding AES Export Violations
Stephanie Haws

As a US exporter, you must know that US federal law requires “that prior to an international shipment, you may need to file your export transaction electronically. This electronic filing is referred to as Electronic Export Information (EEI) filing, and is required when the value of the commodity classified under each individual Schedule B number is over $2,500 USD, or if an export license is required.” The EEI is the export data that must be filed through the Automated Export System (AES) by the US exporter, who is now known as the US Principal Party in Interest (USPPI). The USPPI is the party that receives the major benefit (usually money) of the export transaction. As indicated below, the US Foreign Trade Regulations (FTR) require an AES filing for exports to anywhere other than Canada (unless an export license is required). 

July 15, 2021
Valuing Customs Valuation: Lessons for US Importers
Breanna Leininger

Most importers are well aware that US Customs and Border Protection (CBP) can and often does assess harsh civil penalties against importers for importing goods in violation of often difficult-to-comprehend laws and regulations. Whether or not there has been an actual duty loss can also affect a penalty assessment by CBP against the importer. In this blog, we will explore the importance of accurate customs valuation for US importers.

June 8, 2021
What US Importers Need To Know About Section 301
Breanna Leininger

Section 301 of the Trade Act has been the topic of many discussions in international trade over the past few years. It can have a large impact on importers into the US, causing questions and concerns. To address some of these questions, we offer you the following details on Section 301, including a historical look at it and our recommendations for you moving forward.

May 28, 2021
What Is The Lacey Act And How To Fill Out A Lacey Declaration
Gina Crews

The United States Department of Agriculture (USDA) requires importers to report specific information on the Lacey Act Declaration Form. This information is in addition to the US Customs reporting requirements.

April 1, 2021