Ascent Global Logistics Blog
The anticipated 25 percent tariff increase scheduled for January 1, 2019 is in current delay by the Trump administration, however, shippers have been actively moving billions of dollars of goods into US ports for several weeks to arrive before January 1, 2019.
Each product that is imported into the United States and cleared through Customs and Border Protection (CBP) is required to be classified based on The Harmonized Tariff System of the United States.
With several proposed tariff lists that are slated to go into effect, now is the time to start thinking about gaining visibility and improving efficiency within your supply chain.
If you are an importer, here is what that would look like.
Over the past 24 hours, many parts of the Midwestern United States have experienced up to 12 inches of snow accumulation. As a result, critical shipping lanes throughout the United States could experience significant delays.
Let’s face it: getting money back is not always ‘common cents.’ While Duty Drawback can be accessible, it is still a very long and complex process to receive Duty Drawback from your import activities.
While the trade world has been focusing on the S232 and S301 remedy tariffs, the Miscellaneous Tariff Bill of 2018 has been quietly implemented. This has allowed for a temporary reduction or suspension of import tariffs paid on particular imported items into the United States.
As the capacity crunch continues, freight demand levels are at an all-time high. LTL carriers are now charging an Over Dimensional fee when a shipment contains an article that is eight or more feet in length.
When is the last time you found a few random quarters lying around your house? Was it last week? Last month? Last year? One can only imagine how satisfying it was to find extra change lying around.
In 2018, the S232 and S301 tariffs have increased duty payments to Customs and Border Protection (CBP) by up to 25 percent. Ultimately, this affects the daily duty payments to CBP and the subsequent billing from Ascent Global Logistics.