What they mean and how to pick one. Incoterms® were established by the International Chamber of Commerce (ICC) in 1921 and have become a crucial element in global trade, defining the responsibilities of buyers and sellers in international transactions. In this webinar, we’ll provide a high-level overview of Incoterms®, delve into their complexities, and simplify their application in various trade scenarios. You’ll gain a clear understanding of how to use Incoterms® to allocate risks and costs effectively, ensuring smoother international transactions.
CBP: Updated Guidance on China Import Duties and De Minimis Exemptions
CBP: Updated Guidance on China Import Duties and De Minimis Exemptions
February 14, 2025/
CBP has released updated guidance following the amended Executive Order on February 5, 2025, imposing additional duties on Chinese imports. The de minimis exemption remains available for certain articles under heading 9903.01.20 but is not retroactive. CBP will not refund duties on shipments denied de minimis treatment before ACE resumed processing on February 7, 2025. Importers should review the updated FRN for compliance details. The full Federal Register notice is here.
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