June 2019 Newsletter
Global Training Center
Why Trade Matters
The US is in a full-blown “trade war” with China. The possibility of tariffs on goods from Mexico, combined with other trade actions by the Trump administration, could send the entire US economy off the rails. The Federal Reserve is already looking at ways to prevent this disaster in the making.
Which Way for Huawei?
It’s not surprising that Chinese telecommunications equipment vendor Huawei Technologies is back in the headlines. Most export control proceedings take place outside the spotlight, perhaps getting a brief mention at most on the business page. The new restrictions on Huawei differ because they have widespread impact and fit nicely into the ongoing Trade War
What is ITAR?
The International Traffic in Arms Regulations (ITAR) are, as the title indicates, rules governing trade in munitions. While that summary is accurate, it leaves many open questions. What are “munitions”? How is trade in munitions defined? Who is engaged in such trade, what authorizations are United States
Mexico becomes first country to pass USMCA
Mexico’s Senate on Wednesdaypassed the USMCA, making it the first country to ratify the new North American trade pact. “USMCA passes! Mexico goes first with clear signal that our economy is open,” Jesús Seade, Mexico’s undersecretary for foreign affairs, wrote on Twitter.
Incoterms 2020 – What to Expect
Incoterms are rules issued by the International Chamber of Commerce that facilitate global trade and are updated every ten years or so in an effort to keep up with the changes that take place in international trade. The current version is Incoterms 2010, but a new version, Incoterms 2020, is expected to be released in…
Industry leaders are ‘freaking out’ about tariffs and clamoring for warehouses in this loophole-friendly Mexican border town
Even as the US President Donald Trump’s trade war with China ramps up, some manufacturers and retailers are not moving their factories out of China. Instead, some are taking advantage of a little-known tax law called the “first sale rule” that allows companies to significantly undercut how much they pay in tariffs.
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