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Industry News

  • IS YOUR CONTINUOUS BOND INSUFFICIENT? August 20, 2018 While importers have been focused on rising costs associated with additional tariffs most have not recognized another area that will impact their operations—increase premiums for continuous bonds.   Filings of import declarations, such as Entries and Importer Security Filings, require a bond to be posted.  The most common method is for the importer to obtain a continuous bond with an annual premium.  The value of the bond, ...
  • Miscellaneous Tariff Bill Act 2018 August 20, 2018 On July 26, 2018, the Senate unanimously passed the Miscellaneous Tariff Bill Act of 2018 (MTB).  This bill will lower or eliminate tariffs on products such as footwear, chemicals, and about 1,660 other items imported into the U.S.  The bill has now been passed by both the Senate and the House of Representatives. About half of the products on the bill are produced in China.  The ...
  • Iran Sanctions Reinstated Following An Executive Order August 16, 2018 President Trump issued Executive Order (EO) 13846, effective August 7th at 12:01 a.m. EDT.  The Executive Order reimposes sanctions against Iran that were removed following the signing of the Joint Comprehensive Plan of Action (JCPOA) in July 2015.  On May 8, 2018 the President announced his decision to end participation in the JCPOA. EO 13846 has many provisions, some of which are intended to keep non-U.S. ...




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