Should the Supreme Court rule that the tariffs administered under the International Emergency Economic Powers Act are not valid, importers of record, who could potentially receive duty refunds, may also end up in legal battles with others who shared in the importer's tariff burden, founding member and principal of Sandler and Travis said during Flexport's Nov. 12 webinar on tariff trends.
Should the Supreme Court rule that the tariffs administered under the International Emergency Economic Powers Act are not valid, importers of record, who could potentially receive duty refunds, may also end up in legal battles with others who shared in the importer's tariff burden, founding member and principal of Sandler and Travis said during Flexport's Nov. 12 webinar on tariff trends.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
As customs brokers and importers respond to sudden changes in U.S. trade compliance regulations, the trade will need to come up with new models that can allow companies to be nimble when those changes trickle down to the Harmonized Tariff Schedule, trade expert Cindy Allen said recently at the Automotive Industry Action Group's North American Customs and Trade Town Hall on Nov. 6 in Detroit.
Though the FTC is supposed to ensure “transparency and accountability,” it has fallen short during President Donald Trump’s second term, ex-Commissioner Rebecca Kelly Slaughter said during a "people's oversight" hearing hosted Wednesday by Public Knowledge. Another former FTC official during Trump's first term, Bilal Sayyed, said the agency's decline began during the Biden administration and has continued.
CBP is taking steps to automate the broker license applications, according to a Nov. 10 cargo systems message.
The FDA's ability to process imports slowed down this fall, driven by a combination of factors: the government shutdown, the transition from a regional to a national processing program, and increased scrutiny of imported products subject to import alerts, such as products from Indonesia, sources told International Trade Today.
NEW YORK -- Geodis Vice President Ed Fitzgerald and Maytee Pereira, Customs and International Trade co-leader at PwC, told trade compliance professionals that CBP scrutiny is getting stricter.
Software developer Descartes found that the majority of the 434 freight forwarders and customs brokers it surveyed globally are taking a wait-and-see approach to company growth amid worldwide macroeconomic uncertainties, according to the company's annual Forwarder/Broker Benchmark Study released this week.
The Air Forwarders Association will begin pressuring Congress to improve airport infrastructure to better handle air freight, the group's executive director, Brandon Fried, said at the Coalition of New England Companies for Trade's (CONECT) Northeast Trade and Transportation Conference on Oct. 30.