Trump Administration introduced two major tariff provisions upon Chinese goods that significantly impacted U.S.-China trade relations: IEEPA Fentanyl tariff currently at 20% and IEEPA Reciprocal tariff currently at 125%. Imposition of these rates caused importing community to search for ways that can reduce newly imposed 145% rates of duty. This article explores one of the ways to reduce the impact by taking advantage of 20% Rule.
LawCustoms Project Posts
We just launched VIP Member Area with training videos and lectures designed for folks that are preparing for the forthcoming U.S. Licensed Customs Broker Examination (CBLE). Previously, these videos were…
FDA’s 2024 Food Facility Registration biennial renewal kick’s off today. Registration affects multiple parties within supply chain, including overseas warehouses. To report or not report, and if to report, how and under what title? This article explores definitions that matter.
CBP opened registration today through March 21 to register for the forthcoming CBLE scheduled on 05/01/2024. Announcement Link: https://www.cbp.gov/trade/programs-administration/customs-brokers/license-examination-notice-examination
Folks who import and distribute cosmetic products used to enjoy relative freedom from FDA registration requirements, unlike their food and drug product counterparts. Cosmetic registration (in its mandatory form) is…
CBP published a final rule creating mandatory requirements – 19 CFR 111.102 among many other updates – for licensed customs brokers to continuously educate themselves. This rule kicks in July…
U.S. Customs and Border Protection (“CBP”) has a dedicated page to the “First Sale” rule, which is here. In simple terms, “First Sale” is declaration technique that emphasized declaration to…
Folks who took their April 2023 Customs Broker License Exam (“CBLE”) are receiving their results letters. Those who passed, congratulations! Those who did not, may either prepare for October 2023…
2023 Trade Facilitation and Cargo Security (TFCS) Summit is taking place in person and virtually. Aside from the benefits of seeing wonderful people from many levels of CBP, it is also…
Last night we held a last class in the 10/2022 preparation series. Thank you to everyone who attended. Playback on-demand recordings will continue to be available to registrants up until…