[ROUNDUP]: US-China Trade and Tariffs Updates

from Simply Trade · host Global Training Center

Don't fall for the two-invoice trap. On today's news episode, we've invited Molly Sitkowski to break down the complex US-China trade landscape, offering critical insights for businesses navigating the treacherous waters of international import regulations. Key Discussion Points: - US-China 90-Day Trade Deal Breakdown - Tariff Calculation Complexities (Spoiler: It's more than just percentages) - Substantial Transformation Test Explained - Avoiding Costly Compliance Mistakes Connect with Mollie Sitkowski: LinkedIn: https://www.linkedin.com/in/molliesitkowski/ Website: https://www.faegredrinker.com/en/services/services? Critical Takeaways: 1. Tariff Landscape: - Current tariff rates potentially reaching 55-70% on Chinese imports - Predicted future rates around 20-34% - Potential long-term impact on manufacturing and supply chains 2. Compliance Red Flags: - Beware of two-invoice strategies - Understand substantial transformation rules - Verify supplier origin declarations Expert Quotes: "Customs can basically use whatever they want to determine origin" - Molly Sitkowski Actionable Strategies: - Check USMCA exemptions - Communicate transparently with suppliers - Understand complex tariff classification rules Value Proposition: This episode is an essential listen for: - Small business owners - Import/export professionals - Supply chain managers - Trade compliance specialists In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬ Recommended Resources: Check out these courses we offer here at GTC! 👀🌎 📩Importing https://globaltrainingcenter.com/importing-procedures/ 😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/ 🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/ 👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/ Connect with Simply Trade Podcast: - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ - Twitter: https://twitter.com/SimplyTradePod - Website: https://globaltrainingcenter.com/simply-trade-podcast/ Connect with Simply Trade Podcast: - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ - Twitter: https://twitter.com/SimplyTradePod - Website: https://globaltrainingcenter.com/simply-trade-podcast/ Contact Us/ Suggest Topics Contact: [email protected] Credits: Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/ Host: Annik Sobing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

What this episode covers

Don't fall for the two-invoice trap. On today's news episode, we've invited Molly Sitkowski to break down the complex US-China trade landscape, offering critical insights for businesses navigating the treacherous waters of international import regulations. Key Discussion Points:- US-China 90-Day Trade Deal Breakdown- Tariff Calculation Complexities (Spoiler: It's more than just percentages)- Substantial Transformation Test Explained- Avoiding Costly Compliance MistakesConnect with Mollie Sitkowski:LinkedIn: https://www.linkedin.com/in/molliesitkowski/ Website: https://www.faegredrinker.com/en/services/services? Critical Takeaways:1. Tariff Landscape:- Current tariff rates potentially reaching 55-70% on Chinese imports- Predicted future rates around 20-34%- Potential long-term impact on manufacturing and supply chains 2. Compliance Red Flags:- Beware of two-invoice strategies- Understand substantial transformation rules- Verify supplier origin declarations Expert Quotes:"Customs can basically use whatever they want to determine origin" - Molly Sitkowski Actionable Strategies:- Check USMCA exemptions- Communicate transparently with suppliers- Understand complex tariff classification rules Value Proposition:This episode is an essential listen for:- Small business owners- Import/export professionals- Supply chain managers- Trade compliance specialists In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬ Recommended Resources: Check out these courses we offer here at GTC! 👀🌎 📩Importing https://globaltrainingcenter.com/importing-procedures/ 😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/ 🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/ 👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/ Connect with Simply Trade Podcast: - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ - Twitter: https://twitter.com/SimplyTradePod - Website: https://globaltrainingcenter.com/simply-trade-podcast/ Connect with Simply Trade Podcast: - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/ - Twitter: https://twitter.com/SimplyTradePod - Website: https://globaltrainingcenter.com/simply-trade-podcast/ Contact Us/ Suggest Topics Contact: [email protected] Credits: Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/ Host: Annik Sobing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

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[ROUNDUP]: US-China Trade and Tariffs Updates

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