Customs duties in the United States

Auto Parts Importer Settles Customs Fraud Whistleblower Lawsuits for $8 Million

Retrieved on:

Friday, July 24, 2020

Customs services, Customs duties, Political geography, Borders, International relations, Automotive industry, U.S. Customs and Border Protection, Customs duties in the United States, Customs, Automotive aftermarket, Brake, Whistleblower

CWD, a California-based company, is one of the largest distributors of aftermarket brake and chassis parts in North America.

Key Points:

CWD, a California-based company, is one of the largest distributors of aftermarket brake and chassis parts in North America.
Mr. Hawk's complaint alleged that CWD concealed a decade-long tariff misclassification of imported brake pads from U.S. Customs and Border Protection(CBP).
In this case, Mr. Hawk and another whistleblower will receive an award of approximately $1.5 million.
I am pleased that because of my actions, the government recovered $8 million that rightfully belongs to the U.S. taxpayers.

Breaking the “chain effect” of tariffs – foreign trade zones in the time of protectionism

Retrieved on:

Thursday, February 6, 2020

Customs duties, Economy, World economy, Commercial policy, Free-trade zone, Tax avoidance, International trade, Tariff, Import, Foreign trade of the United States, Customs duties in the United States

[4] FTZs were originally designed to promote economic development and employment by favouring international trade.

Key Points:

[4] FTZs were originally designed to promote economic development and employment by favouring international trade.
In FTZs, processing trade and re-exported goods are exempt from import duties other advantages include lower processing fees and deferred import duties.
This can lead to a fall in government tax revenue without sizeable net positive effects on employment and economic activity.
Furthermore, the value created within FTZs is domestic and therefore shielded from US taxation on foreign imports.
Alternatively, they can transform and manufacture the goods in FTZs and then re-export them elsewhere without paying US import tariffs.
However, those imports that are considered to have foreign status and receive favourable treatment account for only 14% of total imports.
Firms located in FTZs (as well as in other special economic zones) can also take advantage of looser capital controls and tax advantages.
Chart A Chinese and US imports via FTZs in 2018 (foreign status imports as a share of total imports in each sector)

[10] This scheme, introduced in 2013, guarantees a level playing field to companies operating in the EU irrespective of their geographical location.
In line with the original aim of FTZs, the duty suspension scheme primarily concerns intermediates.
Capital goods benefit to a lesser extent, whereas consumer goods account for a negligible fraction of all euro area imports under suspension arrangements (see Chart B).
Chart B Euro area imports under import duty suspension arrangements in 2018 (share of total imports by product type)

Urgent question on tariffs in the event of a no-deal Brexit

Retrieved on:

Tuesday, October 8, 2019

Customs duties, International law, Euroscepticism in the United Kingdom, Economy, Brexit, Withdrawal from the European Union, Tariff, Department for International Trade, Customs duties in the United States, Commercial policy

Mr Chris Leslie MP, asked an urgent question on thefinal schedule of tariffs in the event of ano-deal Brexitto the Minister of State (Department for International Trade), Conor Burns.

Key Points:

Mr Chris Leslie MP, asked an urgent question on thefinal schedule of tariffs in the event of ano-deal Brexitto the Minister of State (Department for International Trade), Conor Burns.
While in the European Union, businesses in the UK can import and export goods within the EU without customs duties.
With Brexit set to happen on 31 October 2019,this could change.
Mr Chris Leslie MP asked the Government when theschedule of these tariffs would be published.

Urgent question on tariffs in the event of a no-deal Brexit

Retrieved on:

Tuesday, October 8, 2019

Mr Chris Leslie MP, asked an urgent question on thefinal schedule of tariffs in the event of ano-deal Brexitto the Minister of State (Department for International Trade), Conor Burns.

Key Points:

Mr Chris Leslie MP, asked an urgent question on thefinal schedule of tariffs in the event of ano-deal Brexitto the Minister of State (Department for International Trade), Conor Burns.
While in the European Union, businesses in the UK can import and export goods within the EU without customs duties.
With Brexit set to happen on 31 October 2019,this could change.
Mr Chris Leslie MP asked the Government when theschedule of these tariffs would be published.

Authentically American Founder Expresses Support for American Workers, Believes Tariffs will Strengthen U.S. Manufacturing

Retrieved on:

Wednesday, May 29, 2019

In light of the national actions and discussions about tariffs on imported goods, Authentically American continues its strong support of the American worker and high-quality goods made in our country, said Wegner, a West Point graduate, Army veteran and businessman.

Key Points:

In light of the national actions and discussions about tariffs on imported goods, Authentically American continues its strong support of the American worker and high-quality goods made in our country, said Wegner, a West Point graduate, Army veteran and businessman.
Wegner described Authentically American as a brand that celebrates patriotism, honors our American heroes, and believes in the American worker.
We were celebrating the American worker by selling premium-branded merchandise exclusively made in the USA long before the increase in tariffs were enacted, he noted.
Each item displays Authentically Americans vintage USA flag logo, which is available in a variety of colors.