Exemption Under Section 301

Exemption Under Section 301

How to determine Exemption Products from Section 301 Duty The USTR (United State Trade Representative) announced a list of exempted products from the section 301 China tariff, list no. 3. List 3 has 984 individual products exempted for the tariff.  The list includes...
Incoterms 2020 Updates

Incoterms 2020 Updates

Proposed Changes to expect in Incoterms 2020 The International Chamber of Commerce (ICC) has drafted proposed changes to the new Incoterms 2020. Incoterms (International Commercial Terms) were first developed by the ICC in 1936 in attempt to simplify communicational...
US to revoke India and Turkey from GSP

US to revoke India and Turkey from GSP

President Trump announced removal of India and Turkey from GSP US President Donald Trump announced his Intent to revoke India and Turkey from Generalized System of Preferences (GSP) on March 4th.  GSP is preferential tariff system which provides reduced tariff rates...