COVID-19 ~ 90 Day Postponement of Payment for CBP Duties
U.S. Customs and Border Protection (CBP) announced on April 19, 2020 the availability of postponing Customs Duties, Taxes and Fees for 90 days. In order to qualify, importers must be experiencing a significant financial hardship due to the Coronavirus (COVID-19). Customs defines financial hardship as: “An importer will be considered to have a significant financial hardship if the operation of...
Trump Announces September 1 Import Tariffs from China
On August 1, U.S. President Donald Trump announced that beginning September 1, a tariff of 10 percent would be placed on the remaining $300 billion of Chinese imports to the USA that had not previously been subject to tariffs. The new tariffs are expected to hit consumer wallets hard – the tariffs will be placed on items like electronics, apparel...
Hanoi Office New Location
Speedmark Logistics Company Ltd, Hanoi branch moved effective June 24, 2019.
India to Lose GSP Status with USA on June 5, 2019
On May 31, 2019, President Trump announced that India would lose its Generalized System of Preferences (GSP) status effective June 5, 2019. India’s GSP status is being revoked because President Trump feels that India is not providing the U.S. “equitable and reasonable access to its markets.” India’s loss of GSP status follows Turkey’s, and comes on the heels of a...