In 2022, the general trend was that the growth in total U.S. imports came mainly from Canada and Mexico. The growth in imports from the European Union largely offset the decline in imports from China. Meanwhile, the drop in imports from the Pacific Rim mainly stemmed from a sharp decrease...
Tariffs Tariffs are a particular type of import or customs duty imposed on certain imported goods. They are generally calculated as a percentage of the goods’ value and are used to regulate international trade flows, often with the goal of protecting domestic industries from foreign competition. ...
Trade barriers and tariffs Natural disasters, war, and pandemics affecting the supply chains Can you help even if we’ve already found suppliers and started the process on our own? Yes, you don’t necessarily need to start from zero. Almost half of our customers have already identified supplie...
5. The "front-line" import of goods involving the implementation of tariff quota management, trade remedy measures, suspension of duty concession obligations, additional tariff measures, and the implementation of additional tariff measures for the purpose of levying retaliatory tariffs (excluding the im...
Trade barriers and tariffs Natural disasters, war, and pandemics affecting the supply chains Can you help even if we’ve already found suppliers and started the process on our own? Yes, you don’t necessarily need to start from zero. Almost half of our customers have already identified supplie...
markets. However, concerns arise regarding sustainability. The weak import performance reflects subdued domestic demand, while the large trade surplus could provoke increased trade restrictions from other countries, including the United States, potentially justifying additional tariffs under protectionist ...
5. The "front-line" import of goods involving the implementation of tariff quota management, trade remedy measures, suspension of duty concession obligations, additional tariff measures, and the implementation of additional tariff measures for the purpose of levying retaliatory tariffs (excluding the im...
from Vietnam Briefing, luxury goods such as cars and perfumes are subject to higher tariffs, while machinery and non-domestic consumer goods are pegged to lower import tariffs. When clearing customs, you will be expected to pay import taxes; failure to do so may result in goods cleara...
Mexico's political environment is relatively stable, with policies that generally support free trade and market openness. Recent trade agreements, like the USMCA, have strengthened its trade relations with major economies, influencing import regulations and tariffs. Opportunities and Challenges for ...
Immediate tariff reduction: This is a complete elimination of tariffs as soon as the FTA takes effect. Staging reduction: This involves gradually reducing tariffs over a specified period of time. Non-scheduled products with fixed duty rate: This refers to goods that are not included in the stagi...