The Trump administration has engaged in a trade showdown with China, targeting more than $50 billion worth of products. The administration’s actions are the result of investigations under Section 301 of the Trade Act of 1974 (“Section 301”) and Section 232 of the Trade Expansion Act of 1962 (“Section 232”).
Section 301 […]
On March 19, 2018, the Office of Foreign Assets Control (OFAC) adjusted its maximum civil monetary penalties for inflation (per the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015). The rationale for this increase is to maintain and improve the effectiveness and deterrent effect of civil monetary penalties. Any increase applies to penalties assessed after the effective date regardless of whether the violation occurred prior to such date.
How much did civil monetary penalties increase? […]
On December 1, 2016, we wrote about U.S. Customs and Border Protection’s (CBP) new E-Commerce and Small Business Branch, which was created to help consumers and merchants safely navigate the complexities associated with the steady rise of global e-commerce. CBP defines e-commerce as high-volume, low-value shipments purchased via electronic means. E-commerce shipments pose the same health, safety, and economic security risks as containerized shipments, but the volume is higher and growing. Additionally, transnational criminal organizations are shipping illicit goods to the U.S. via small packages due to a perceived lower interdiction risk and less severe consequences if the package is interdicted.
In an effort to combat those risks and have a stronger trade posture in the e-commerce environment, the CBP released its e-commerce strategy. The new e-commerce strategy addresses the growing volume of imported small packages and the challenges it presents for the U.S. economy and security.
The strategy includes efforts to educate the public and trade community to ensure they understand their responsibilities as importers to comply with customs regulations.
What New Challenges Does E-Commerce Pose to the U.S.
We took a poll to capture ALL of the topics that you wanted to learn about and decided to host 8 webinars for compliance professionals (FREE for clients) with leading experts on topics ranging from Importing 101/201, Exporting 201, to CTPAT, and FDA Compliance and more! Check out our complete list of topics, and click on the topic for more information on the specific learning objectives of each webinar and your expert speakers.
Did I mention that clients of Diaz Trade Law and Diaz Trade Consulting join for FREE? Please email info@diaztradelaw.com for your code!
In our previous post “Knowing The Rules Of The Road: Exporting Cars From The U.S.”, we discussed CBP’s laws and regulations that must be followed to successfully export vehicles from the United States to foreign destinations. Failure to do so could result in the imposition of severe penalties — up to $10,000. Additionally, we provided a quick guide on how to export your vehicle form the United States, which provided all the documents required to successfully export your vehicle. […]