Back in July, Deringer's Director of Sales and Marketing, Jack Bender, wrote an article for SupplyChainBrain explaining the potential impacts of the tariffs that were recently put in place by the Trump Administration.  As 2019 quickly approaches, let's take a look back and see which predictions of Jack's have come to pass and which ones appear to be taking effect in the near future.

It is important to note that the landscape of international trade is constantly evolving, so be sure your compliance program is solid to ensure you are fully prepared for the changing import and export duties.

Known trade compliance risk areas can take many forms and often require multi-disciplined specialists to help keep you in compliance. As you know, U.S. Customs and Border Protection (CBP or Customs) is responsible for enforcing compliance at all ports of entry—and there are areas that are well-known in the trade community for being at risk for noncompliance.

De Minimis, Customs valuation, and duty rate are three known areas that receive added scrutiny from CBP. 

You've got a fantastic trade compliance program, and now you want to improve your efforts even more. You can do that! The voluntary Importer Self Assessment (ISA) program can help you to reduce international trade risks further and provide actual benefits .

You have a trade compliance program and your team works well, but to reach the next level, compliance must become an  integral part of everyday business.

You're a trade compliance team of a few, or maybe just one, and you've been tasked with reducing and consolidating the number of Customs brokers and freight forwarders used throughout the company. After all, consistency and compliance are imperative. Once the list of providers is pared down, you will be dispersing the preferred list company-wide.

This fictitious US manufacturer, Let's Pretend Business, expanded their business. To do so, they began to import new goods into the United States.

You don't have to run for cover, we've got your back. Let us help you understand what an HTS is and what it means for your imports.  What is the United States Harmonized Tariff Schedule (USHTS, or HTS, and sometimes referred to as HS or Harmonized System)?

All goods imported require classifying. By classification, we mean that every product is assigned a number - that number has different sections separated by a period. Each section means something different.

Importing restricted products into the U.S. is achievable. With certain documentation, companies can ensure their goods clear U.S. Customs at the port of entry.

Some items are not permitted into the United States under any circumstances. These goods are often referred to as "prohibited items." Importing such products is illegal, resulting in sharp penalties and other costly consequences.

Finding your way around US Customs compliance isn't easy. There are many regulations and laws to abide. Sometimes you detect errors on your entries, and they must be corrected right away. Submitting a prior disclosure is not only the best way, but maybe the only way to communicate to CBP as you detect errors.

First of all, you don't want to be the one caught importing counterfeit or pirated goods. Period. It's a huge industry, and US Customs and Border Protection (CBP), and other developed countries enforcement professionals are cracking down. Heavy fines and even criminal charges can be filed against importers who engage in intellectual property right infringement.

Does it work? Can I do it legally? With the right precautions, yes, so let's get down to business.