Industry News

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Industry News

  • DUTY REDUCTION STRATEGIES May 20, 2019 With duty rates on most commodities well below ten percent for years the costs of many duty reduction plans were not cost effective. Times have changed. With the US embracing sudden and substantial duty increases as a trade strategy the value of duty reduction planning has increased. Duty applicability is tied, with a few exceptions, to three elements; (1) the classification of the item under the ...
  • Trump to Suspend Steel & Aluminum Tariffs from Canada and Mexico May 17, 2019 A year ago, President Trump imposed tariffs on steel and aluminum products from most countries. Trump received sharp criticism from Canada, Mexico and the European Union. The President offered temporary exemptions for the European Union, Mexico and Canada. Two sources familiar with the USMCA deal, said that President Trump is poised to lift the tariffs on steel and aluminum from Canada and Mexico. The announcement has ...
  • Turkey’s GSP Eligibility Terminated May 17, 2019 The United States has terminated Turkey’s eligibility in the Generalized System of Preferences (GSP) program, based on its economic development. GSP allows some exports from countries to enter the United States duty free. GSP is the oldest and largest U.S. trade preference program that is aimed at promoting economic development in beneficiary countries and territories. The decision to end Turkey’s preferential treatment is effective May ...




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