compliance guidelines Archives

Round 3 of the List 1 Section 301 Exclusions has been released by the USTR.

Round 3 List 1 Exclusions Granted: Section 301

The U.S.T.R. announced more Section 301 exclusions granted for List 1. This new round of exclusions comes in addition to the two previous announcements. On April 18, 2019, the United States Trade Representative released an official announcement to the Federal Register with a third round of exclusions to List 1 of the Section 301 tariffs…

Trade Risk Guaranty breaksdown the Section 301 exclusions for items on List 1.

Section 301 Exclusions Granted: List 1

The U.S.T.R. has announced Section 301 exclusions granted for List 1. Although exclusion to only 20 HTSUS codes have been issued at the moment, more may be granted. On December 28, 2018, the United States Trade Representative released an official announcement to the Federal Register with a list of Section 301 exclusions granted for List…

How Chinese Tariffs Impact Your Entry Summary (CBP Form 7501)

Ever since the Chinese tariffs have gone into effect, importing into the United States has become increasingly complicated. The additional tariffs imposed on goods from China have impacted the international trade community in a wide variety of ways. Many of these ways are parts of the importing process that the importer of record does not…

TRG identifies three important questions for importers to ask their Customs Broker.

3 Important Questions to Ask Your Customs Broker

Hiring a Customs Broker can be a very confusing process for an importer, especially if they are new to international trade. The following are three important questions to ask your Customs Broker. When participating in international trade, most companies rely on their Customs Broker to guide them through the process and help them avoid the…

Trade Risk Guaranty clarifies the miscellaneous tariff bill act of 2018 and what commodities are included.

What is the Miscellaneous Tariff Bill Act of 2018?

In September 2018, the Miscellaneous Tariff Bill was signed but what is it? And what is the intended purpose? The Miscellaneous Tariff Bill Act of 2018 (also referred to as MTB) was signed by President Trump on September 23, 2018. This bill removes or reduces tariffs on over 1,600 different HTSUS codes designated as raw…

TRG goes through what you should do when you receive a liquidated damages claim.

What To Do When You Receive a Liquidated Damages Claim

Recieving a liquidated damages claim notice from Customs and Border Protection can be intimidating for small and medium-sized businesses, but taking the right next steps can save your business money. Liquidated damages claims are issued as a result of breaching a condition of your U.S. Customs Bond. As the principal on the bond, an importer…