The new tariff policy in the United States is about to be implemented, resulting in shortages and price increases for Chinese goods. TEMU has launched a direct shipping logistics model to cope with tariff pressures, while Anjun Logistics has successfully expanded its courier network in Brazil, enhancing its market competitiveness.
This article provides a detailed analysis of the composition of the Dutch import customs duty bill (TTW), clarifying the components of the customs debt and differentiating it from national taxes. It aims to help businesses better understand and navigate customs duty issues in the Dutch import process, ultimately enabling them to effectively control import costs. The article focuses on the structure of the TTW bill and its implications for businesses importing goods into the Netherlands.
At the request of Timor-Leste, the World Customs Organization (WCO), through the WCO-Norad project, provided technical assistance to support the country's tariff update from HS 2012 to HS 2017. This initiative aims to enhance Timor-Leste Customs' commodity classification capabilities, integrate into the ASEAN Economic Community, and promote trade facilitation and economic development. The project encompassed tariff assessment, gap analysis, training guidance, and system upgrades, contributing to the modernization of Timor-Leste Customs.
The General Administration of Customs released detailed rules for imposing an 84% tariff on imported goods from the United States, posing significant challenges to cross-border e-commerce and foreign trade enterprises. Companies need to urgently review their supply chains, actively apply for 'goods in transit' exemptions, diversify procurement channels, increase product added value, optimize operational strategies, and actively communicate with the government to build a more resilient global supply chain and turn crisis into opportunity.
With US President Trump poised to announce tariff details, cross-border e-commerce sellers face multiple challenges including rising costs, price fluctuations, and market risks. Sellers should closely monitor policy trends, optimize supply chains, adjust product structures, expand into diversified markets, and enhance their bargaining power to actively address the impact of tariffs. Proactive measures are crucial to mitigate potential losses and maintain competitiveness in the evolving global trade landscape.
The World Customs Organization (WCO) continuously supports the Bahamas Customs and Excise Department (BCED) in enhancing its customs classification capabilities through technical assistance agreements. The WCO organized several Harmonized System (HS) training workshops to improve the professional skills of Bahamian customs officers and develop internal training capacity. These efforts help the Bahamas to classify goods more accurately and promote international trade development.
Amidst increasing global trade uncertainties, US FTZ (Free Trade Zone) warehouses offer companies advantages like tariff deferral, duty-free exports, indefinite storage, and tariff rate selection. Especially with heightened US-China trade tensions, FTZ warehouses provide greater operational flexibility and strategies to mitigate trade risks and enhance supply chain resilience. They serve as a critical Plan B for businesses navigating these challenges, offering a 'domestic area outside customs' environment to optimize operations and minimize the impact of trade disputes.
The global air freight market is facing downward pressure, primarily due to trade policy uncertainties, tariff adjustments, and fluctuating market sentiment. While there have been tariff postponements and regional price increases, the overall downward trend is unlikely to change. Businesses need to closely monitor market dynamics and flexibly adjust their supply chain strategies to meet these challenges. These adjustments are crucial for navigating the current volatile environment and mitigating potential risks associated with the evolving global trade landscape.
Recently, container freight rates from China to the US have dropped by over 50%. This decline in freight costs reveals potential inflation risks and a shift in demand from US importers. Future market dynamics may be influenced by changes in tariff policies.
The new tariff policy has led to a rapid reduction in maritime capacity, resulting in tense supply chains and increased inventory risks. Especially during the holiday shopping season, products reliant on Chinese manufacturing are expected to face significant shortages and rising prices.
