The U.S. has had an ongoing dispute with numerous foreign countries regarding their taxes on U.S.-origin digital services. These digital services taxes or “DSTs” are viewed as discriminatory against American digital firms who face high tax rates injurious to their businesses. Section 301 of the Trade Act of 1974 empowers the U.S. Trade Representative (“USTR”)…
If you import Christmas- related items, you are probably heartened when you first see US Harmonized Tariff Heading 9505 which covers, in part: “Festive, carnival or other entertainment articles . . .; parts and accessories thereof;” and specifically, Subheading 9505.10, “Articles for Christmas festivities and parts and accessories thereof:”. These are duty-free classifications when the…
So, you operate in a foreign country where you want to ship Huawei products incorporating controlled US technology to a foreign buyer? You wish to sell such technology or products to a Huawei affiliate from the United States or abroad? Watch out, its illegal. Accused of corporate espionage and illicit sales to Iran under U.S.…
In an earlier article, I noted that Mexico last year became the largest merchandise trade partner of the U.S., outpacing Canada and supplanting third-place China. It is expected that Mexico will hold this leading position for the next several decades, particularly given the ongoing repositioning of international supply chains from Communist China to Latin America…
Incoterms, short for “international commercial terms”, are shorthand for the allocation of cargo transportation costs and risks of loss between parties to an international sales transactions. At the outset, it must be pointed out what Incoterms are NOT – they do not set prices, quality standards for quantities of sale between. They do not provide…