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.
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.
In many areas of Wisconsin and the entire country, COVID-19 has raged back with a vengeance, prompting updated safety protocols and, in some cases, a shift in consumer behavior.
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).