Tag: Customs Duties
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Mexico City opens a second sunset review of its decade-old anti-dumping duty on Chinese steel wire rod at the urging of Deacero and Ternium, keeping the 49-cent-per-kilogram levy alive while Latin America hardens its steel defences Peacock Tariff Consulting | International Trade Desk | July 24, 2026 MEXICO CITY, July 24, 2026. Mexico has formally…
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London formalises anti-dumping duties of up to 48.5 percent on Chinese bicycles and parts through August 2029, extending one of the longest-running trade defence measures in the world and closing the book on its post-Brexit review Peacock Tariff Consulting | International Trade Desk | July 24, 2026 LONDON, July 24, 2026. The United Kingdom this…
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Beijing says 63 countries now enjoy zero-tariff access to the world’s second-largest import market, as customs chiefs pledge to widen the net through 2030 in a pointed counterpoint to Western protectionism Peacock Tariff Consulting | International Trade Desk | July 24, 2026 BEIJING, July 24, 2026. China has now extended zero-tariff treatment to imports from…
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Treasury pays back $49.2 billion in invalidated tariffs in a single month, flipping last June’s celebrated surplus into a $120 billion deficit, with less than half the refund bill settled and a new generation of duties queued up to replace the old ones By the US Trade Desk, Peacock Tariff Consulting WASHINGTON, July 14, 2026…
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The United States moved to open a sweeping new front in its trade agenda this week, with the U.S. Trade Representative determining that 60 economies together accounting for the overwhelming majority of America’s imports have failed to ban and enforce prohibitions on goods made with forced labor, and proposing additional tariffs of up to 12.5%…
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Section 232 and Its Lasting Impact 25 percent tariffs on steel and 10 percent on aluminum from most countries have fundamentally altered cost structures for manufacturers, fabricators, and distributors. The tariffs apply to primary products and certain downstream articles. Scope of Section 232 Tariffs Steel tariffs cover flat-rolled, long, tubular, stainless, wire, and semifinished products.…
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Food and Beverage Importing Is Different F&B products face extensive FDA regulation, specialized tariff provisions including tariff-rate quotas and seasonal duties, and duty rates among the highest in the HTSUS – some exceeding 40 percent. Classification Challenges Preparation level matters (fresh vs. dried vs. canned). Ingredient composition drives classification for prepared foods. Sugar and dairy…
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The Price on the Invoice Is Not the Cost By the time goods reach your warehouse, additional costs have been added: freight, insurance, customs duties, processing fees, broker fees, inland transportation, and more. Many importers either do not calculate landed cost or calculate it incorrectly. Components of Landed Cost Product cost (varies by Incoterms), international…
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A Cash Flow Tool Most Importers Overlook A bonded warehouse allows imported goods to be stored without duty payment for up to five years. Duties are only owed upon withdrawal for domestic consumption. If goods are exported, no duties are owed at all. How Bonded Warehouses Work Several classes exist for different activities. When goods…
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The Ecommerce Import Boom and Its Compliance Gap Ecommerce importers are subject to the same customs laws as any other importer, but many are unaware of these obligations. CBP has identified ecommerce imports as a priority enforcement area. Customs Compliance Basics You need an importer of record number. Every product must be classified under the…