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deminimus

Hot Topics in International Trade De minimis with Robert Stein VP Braumiller Consulting

In this Hot Topics podcast, Bob Brewer intenviews Robert Stein, VP Braumiller Consulting on International Trade De Minimis. The full term is de minimus non carat lex which means the law does not concern itself with something so inconsequential. The de minims threshold was raised to $800 to relieve businesses of administrative burden but U.S. customs is looking at how the provision is being misused by exporters, especially China, to get around forced labor and fentanyl.

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Constellations

Constellations

There are 88 constellations officially recognized by the International Astronomical Union. This list of modern constellations was adopted by the IAU in 1922 and 36 modern constellation lie principally in the northern celestial hemisphere, while 52 are found in the southern sky. Ancient sailors navigated maritime trade routes using a combination of techniques including celestial navigation which is 4,000 years old. In the beginning it was primarily a multitude of spices traded among the various Mediterranean routes. To this day, the spice and seasoning trade is changing world history and has a market projected to grow to $26 billion by 2029. Braumiller Law Group loves the science behind global trade compliance.

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Buy American Act

The Buy American Act

The Buy American Act (BAA) was enacted during the Depression in 1933 to encourage the federal government to buy from American companies. To qualify as a domestic product the manufactured product must meet two requirements. First the end product must be manufactured Iā€™m the United States, and second, the end product must be made of substantially all U.S. sourced components. This percentage threshold has increased to 65%. Some companies are following the new Buy America preferences, while others may need to make significant adjustments to their supply chain and domestic manufacturing processes to meet the stringent ā€œproduced in the U.S.ā€ requirements.

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ior

Who is IOR? Importer of Record

One of the most common questions asked within our initial consultation with clients is, who is the IOR? The Importer of Record (IOR) is the essential entity in international trade. It is the one who is responsible for complying with all customs regulations, facilitating smooth import operations and managing all potential legal liabilities. It is essential when conducting due diligence and avoiding penalties.

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Coffee

Ahh Coffee

About $10 billion in coffee was imported into the U.S. in 2022 with 50% primarily coming from Brazil and Columbia at roughly $2.2 billion each. Itā€™s a staple in the majority of Americanā€™s daily lives via a kick of caffeine in the morning. The amount of business discussed daily over numerous cups of java goes without saying. If youā€™d like to have a cup with us and have a chat about anything international trade compliance related, weā€™ll be here. BLG can help you with Global Trade Compliance.

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ftz

Hot Topics in International Trade with Robert Stein-FTZs

Bob Brewer introduced Robert Stein who is a VP and newest member of BCG. The FTZ (Foreign Trade Zone) program helps companies save money, and promote U.S. jobs and exports. The FTZ program offers benefits in a time of increased tariffs and requirements that companies should look at more closely. Many companies have not been taking advantage of FTZs and should consider them.

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