Category: Global Sourcing
Louisiana Imports and GSP Tariff Savings
In the state of Louisiana for the year 2016, Generalized System of Preferences (GSP) imports totaled $228 million, with GSP tariff savings of $5.9 million. The 2017 year-to-date savings amount to $12 million, a substantial increase over the previous year. The lapse in the GSP cost Louisiana $1.4 million dollars in taxes during the…Read More
Changes in Legislation re Import Tariffs Affect Steel Industry
Recent changes I legislation with respect to import tariffs have greatly affected the steel industry. U.S. President Trump in April 2017 ordered an investigation into the national security implications of foreign imports of US steel. Days later, he signed a memorandum for a similar investigation on aluminum. Both were efforts undertaken by the Commerce Department…Read More
Overseas Manufacturing Rejected by Entrepreneurs Prone to Failure
Closed minded, short sighted entrepreneurs say “no” to overseas manufacturing citing the economy, the American dream, and “buy American” ideology. On Friday, June 1st, 2012 ABC aired a re-run of a January Shark Tank episode wherein the inventor of a hide away rack for the beds of pick-up trucks defiantly would not accept advice to…Read More
Due Diligence When International Sourcing
Due Diligence When International Sourcing International sourcing makes a lot of work and is quite complicated. Add the fact that it’s easy to get ripped off, and you have big reasons to seek a domestic international sourcing company’s help. Do not trust anyone overseas with your intellectual property, your private information, or your money. International…Read More