Saudi Arabia Updates SASO 2902 Energy Efficiency Standards for Exports

Saudi Arabia Updates SASO 2902 Energy Efficiency Standards for Exports

Saudi Arabia's energy efficiency standard SASO 2902 has undergone a significant update, impacting exports of products like LED lamps. Companies need to pay attention to the implementation of the new standard SASO 2902:2018/AMD2:2023 and promptly change or reapply for certificates. The label change upgrade window closed on May 31, 2025. It is crucial to be aware of the mandatory effective and enforcement dates to ensure products comply with Saudi energy efficiency standards and avoid the risk of detention.

11/03/2025 Customs Knowledge
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Shopee Sellers Guide Launching Your Ecommerce Business

Shopee Sellers Guide Launching Your Ecommerce Business

This article provides a detailed guide for new Shopee sellers on the onboarding process. It covers key steps such as main account registration, shop opening, qualification review, and sales right activation. The importance of main account permissions is emphasized. It also provides channels to check the application progress. This guide is applicable to sellers in all Shopee sites.

11/03/2025 Customs Knowledge
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Yiwu Toy Makers Rebound As US Retailers Revive Orders

Yiwu Toy Makers Rebound As US Retailers Revive Orders

Good news for Yiwu toy exporters: Walmart and Target are resuming supplies and absorbing the increased tariff costs. This decision stems from multiple factors, including supply chain stability concerns, the failure to pass on costs, and intense market competition. While uncertainties remain, this development brings a ray of hope to the Yiwu toy industry. The restoration of supply contracts and cost absorption by major retailers like Walmart and Target provides crucial support for Yiwu's toy manufacturers facing international trade challenges.

11/03/2025 Customs Knowledge
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AI Tariff Trackers Aid Businesses Amid Trade Uncertainty

AI Tariff Trackers Aid Businesses Amid Trade Uncertainty

Facing frequently changing tariff policies, businesses urgently need efficient tools to address the challenges. AI tariff tracking tools have emerged, helping companies quickly grasp tariff information, optimize operational strategies, and enhance competitiveness through real-time monitoring, data integration, and intelligent decision support. This paper delves into the necessity, features, application cases, and future development trends of AI tariff tracking, providing a reference for businesses to make informed decisions in complex trade environments. It emphasizes the importance of leveraging AI for trade compliance and strategic advantage.

11/03/2025 Customs Knowledge
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Herms Raises US Prices Due to Tariff Pressures

Herms Raises US Prices Due to Tariff Pressures

Faced with US tariffs on EU imports, Hermès plans to raise prices in the US market to offset the impact. This highlights the complex influence of international trade, tariff policies, and exchange rate fluctuations on luxury goods pricing, as well as the strategic choices brands make in balancing profit margins with market share. Consumer loyalty is crucial, and Hermès needs to closely monitor market dynamics and innovate its business model to address the challenges. The price increase reflects a direct response to the imposed tariffs and aims to maintain profitability amidst these economic pressures.

11/03/2025 Customs Knowledge
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Ministry of Supply Uses Duty Drawback to Fuel Datadriven Expansion

Ministry of Supply Uses Duty Drawback to Fuel Datadriven Expansion

Ministry of Supply recovered millions of dollars in duty drawbacks through the Flexport platform, reinvesting the funds in R&D, new product launches, and market expansion. This case study highlights data integration, risk assessment, and process optimization as key success factors. To effectively leverage duty drawback policies, businesses should establish robust data systems, seek expert assistance, understand relevant regulations, optimize processes, and continuously evaluate their performance. This proactive approach ensures efficient utilization of available refunds and contributes to overall financial health.

11/03/2025 Customs Knowledge
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EU Eases CBAM Rules for Small Importers

EU Eases CBAM Rules for Small Importers

The Netherlands Emissions Authority has adjusted the EU Carbon Border Adjustment Mechanism (CBAM), significantly reducing the compliance burden for small importers. Importers with annual imports below 50 tons are exempt from reporting obligations, while those exceeding 50 tons can use EU default emission values. Importers should assess their import volumes, seek professional support, and prepare for the full implementation after the transitional period. This simplification aims to ease the initial adoption of CBAM for smaller businesses, ensuring a smoother transition to the new carbon regulation framework.

11/03/2025 Customs Knowledge
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Trade War Uncertainty Spurs Global Supply Chain Adjustments

Trade War Uncertainty Spurs Global Supply Chain Adjustments

This paper delves into the tariff policies during the Trump administration, the impact of US government shutdowns, and the termination of the 'de minimis' rule. It analyzes the effects of these factors on corporate supply chains, cost structures, compliance, and operational strategies. Furthermore, it offers coping strategies, including utilizing bonded warehouses and free trade zones, to help companies navigate the complex international trade environment effectively and stably.

11/03/2025 Customs Knowledge
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Tariff Engineering Strategies Aim to Cut Costs and Raise Profits

Tariff Engineering Strategies Aim to Cut Costs and Raise Profits

Tariff engineering is a strategy that involves fine-tuning product design, materials, or functionality to qualify for lower tariff rates. It effectively reduces import costs and enhances product competitiveness. Tools like the Flexport Tariff Simulator enable businesses to analyze tariff implications in real-time, optimize product plans, and achieve profit growth. By strategically modifying products to fit within more favorable tariff classifications, companies can significantly lower their overall landed costs and improve their market position. This proactive approach to tariff management is crucial for businesses engaged in international trade.

11/03/2025 Customs Knowledge
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US Imposes Countervailing Duties to Combat Unfair Trade Practices

US Imposes Countervailing Duties to Combat Unfair Trade Practices

A countervailing duty (CVD) is a tariff imposed by the United States to offset unfair competitive advantages gained by domestic industries due to foreign government subsidies. Targeting specific countries and products, CVDs aim to restore a level playing field in international trade. Businesses should monitor policy changes, ensure compliance, and proactively address the challenges posed by countervailing duties.

11/03/2025 Customs Knowledge
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