Classification Re-engineering - Components imported separately may fall into an entirely different tariff provision than the finished product and may thus avoid a higher tariff.
Origin Engineering - If you cannot modify the tariff classification of an imported product, it may be possible to modify its country of origin.
FTA’s. GSP’s, and Preference Programs - The U.S. has 14 free trade agreements encompassing major trading partners like Canada, Mexico, South Korea, and Australia as well as other countries and regions like Chile, Colombia, Morocco, Singapore, and Central America,.
MTB’s (Miscellaneous trade bills reduce or eliminate import tariffs on products not available in the U.S.)
Exclusions - More than 150 products from China (listed in Annex C in this notice) remain eligible for exclusions from the existing Section 301 tariffs on China.
Complete a CBP audit to perform the following:
Review import bond for sufficiency.
Conduct a classification review of steel products and steel derivatives as well as aluminum products.
Assess the potential impact of the proposed rules and tariffs on your business, considering how the new requirements may affect your supply chain, compliance costs and overall business operations.
Consider possibilities for duty mitigation. For example, customs valuation is a key driver of duty mitigation. Aligning customs valuation with transfer pricing, considering bifurcating product and non-product costs and first sale for export planning are all potential activities to mitigate the increase in duty.
Flag related-party entries imported into the US for Reconciliation to account for potential retroactive reductions in transfer price to enable filing the adjustments and securing potential refunds.
Identify strategies to eliminate or defer for cash-flow purposes potential excess duties, such as the use of bonded warehouses, Foreign Trade Zones (FTZ) and Chapter 98 (Special Classification Provisions).
Keep up with the latest news and developments in trade policies and stay adaptable to quickly respond to changes in trade regulations and tariff rates.
Brokerage Consultation
Classification Re-engineering - Components imported separately may fall into an entirely different tariff provision than the finished product and may thus avoid a higher tariff.
Origin Engineering - If you cannot modify the tariff classification of an imported product, it may be possible to modify its country of origin.
FTA’s. GSP’s, and Preference Programs - The U.S. has 14 free trade agreements encompassing major trading partners like Canada, Mexico, South Korea, and Australia as well as other countries and regions like Chile, Colombia, Morocco, Singapore, and Central America,.
MTB’s (Miscellaneous trade bills reduce or eliminate import tariffs on products not available in the U.S.)
Exclusions - More than 150 products from China (listed in Annex C in this notice) remain eligible for exclusions from the existing Section 301 tariffs on China.
Complete a CBP audit to perform the following:
Review import bond for sufficiency.
Conduct a classification review of steel products and steel derivatives as well as aluminum products.
Assess the potential impact of the proposed rules and tariffs on your business, considering how the new requirements may affect your supply chain, compliance costs and overall business operations.
Consider possibilities for duty mitigation. For example, customs valuation is a key driver of duty mitigation. Aligning customs valuation with transfer pricing, considering bifurcating product and non-product costs and first sale for export planning are all potential activities to mitigate the increase in duty.
Flag related-party entries imported into the US for Reconciliation to account for potential retroactive reductions in transfer price to enable filing the adjustments and securing potential refunds.
Identify strategies to eliminate or defer for cash-flow purposes potential excess duties, such as the use of bonded warehouses, Foreign Trade Zones (FTZ) and Chapter 98 (Special Classification Provisions).
Keep up with the latest news and developments in trade policies and stay adaptable to quickly respond to changes in trade regulations and tariff rates.
Please fill out the form below carefully. The details you provide will help our team understand your request better and assist you more effectively.