With increased discussions regarding tariffs, compliance is becoming much more important. And difficult! This blog reviews fundamental aspects of importing with links to helpful videos and other resources. https://lnkd.in/eQcDYf3E
JetWorldwide
Transportation, Logistics, Supply Chain and Storage
Connecting People, Products and Businesses Worldwide
About us
Connecting People, Product and Businesses around the World
- Website
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Jetworldwide.com
External link for JetWorldwide
- Industry
- Transportation, Logistics, Supply Chain and Storage
- Company size
- 11-50 employees
- Type
- Privately Held
- Founded
- 1985
- Specialties
- e-commerce shipping, shipping to Canada, Shipping from Canada, Canadian Logistics Support, Delivery to France, USA Import, Shipping USA to Canada, Canadian Amazon Removal Orders, USA Amazon Removal Orders, Cross Border Logistics Consulting, Group Presentations to Industry Groups, delivery to the UK, Shipping between Canada and UK, cross border e-commerct to Europe, and USA Customs Brokerage
Updates
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Will there be changes to #Section321
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more section 321 insights
Wondering what types of goods are commonly imported via Section 321? Using data made available via FedEx, UPS and DHL*, the National Bureau of Economic Research created a word cloud of common descriptions** used for Section 321 imports.*** Seems more like a word salad than a word cloud. * The carriers are not named in the report and only referred to as Carriers A, B,C. More than likely that data is from FedEx, UPS, DHL **Our blog has been updated to include a link this report ***Imports via express processes do not require HS codes
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So much has been written about the surge of e-commerce imports. Here is some perspective from a licensed customs broker, and an expert in global shipping and doing high volume parcel imports before e-commerce was even a thing. $800 duty free threshold is a benefit unique to the USA No other country has anything close to an $800 duty free/ tax free threshold! Benefits of Free Trade being challenged: We are entering a period where the theoretical benefits of free trade (which I personally advocate for) are being challenged politically by both parties. Trade Policy and the Executive Branch: Changes in trade policy and tariff rates do not require congressional approval. The executive branch can - and does act - on their own. So the results of the US presidential election will have a great impact on all imports. Lobbying has already started: Just as FedEx, UPS and DHL lobbying made the $800 de minimis a reality, so will their lobbying prevent a major overhaul. Although some “counter lobbying” by retail groups will likely have an impact as well. On the international front: No country is discussing the expansion of duty free access for e-commerce to meet US levels. Others, such as European Union countries, are expected to place further restrictions. #section321, #ecommerce, #deminimis