If trade tensions continue, companies may increasingly find themselves subject to competing compliance obligations, demanding a careful review of applicable compliance policies, procedures and practices.
Funny how it doesn’t take long to coin a phrase. I’ve been warning about Economic Coercion for years.
Effective Duty Mitigation Strategies In its simplest terms, tariff engineering means an importer is allowed to make a product in a way that the lowest possible duty rate applies at time of importation.
I’ve written several blogs on the topic of Deemed Exports, Presence as it relates to Deemed Exports and Reasonable Care, all of which explain how U.S. companies and individuals can run afoul of export regulations without physically exporting a product.
reach when enforcing its laws.
Trade compliance and logistics have always been tightly interwoven, and the most successful companies understand how to manage both to avoid risk and take advantage of opportunities.
When US companies deal with value added tax in Europe, they often fall into the same avoidable trap – the assumption that VAT is like US sales tax or Goods and Service Tax – GST (it is not) and a belief that VAT does not apply to non-European businesses (it does).
What is a “Made in the USA” claim?
Two topics – political risk management and trade development — are woefully intertwined, yet many managers continue to view these as separate issues.
Chris Wojtowicz brings over two decades of international business experience across multiple sectors to the Wisconsin Small Business Development (SBDC) Network.