The Trump administration has once more threatened a new round of Section 301 tariffs on imported goods from Europe. U.S. Trade Representative Robert Lighthizer proposed new tariffs on $11 billion in imports from European Union countries. Unlike previously announced tariffs on steel and goods from China, however, these are compensation for what the U.S. says...Full Post
On April 3, President Trump issued a memorandum to help protect American consumers, manufacturers and factory workers from counterfeit goods. Escalated by the steep increase in e-commerce, the problems of fake merchandise would be addressed by the directive, which calls for a coordinated approach by the government and its agencies, together with private industry. Although...Full Post
Still Need Convincing About the Value of Marine Cargo Insurance? Our recent news story regarding Marine Cargo Insurance, and the fire aboard the Yantian Express, generated a lot of interest and questions. When we quickly checked, we were surprised to learn that the vessel’s damaged cargo will continue to be unloaded in Freeport for the...Full Post
In numerous rulings, Customs Headquarters has set forth the following as the legal basis for the “First Sale Rule”. The preferred method of appraisement is transaction value, which is defined as the “price actually paid or payable for the merchandise when sold for exportation to the United States” plus certain statutory additions. Customs presumes that...Full Post
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