Importers bear the burden of complying with all U.S. laws and regulations when their goods enter the country. Failure to exercise reasonable care in this effort can result in long delays in the release of merchandise, and the imposition of stiff penalties.
Challenge: A distributor of industrial automation products, electronic parts and electro-mechanical components had a manual and unreliable export-compliance process that slowed shipments.
Japan and South Korea have both sought for weeks to get the White House on their side in their spiraling trade dispute, with little success. Now, the U.S. may finally be stepping in.
It’s the obvious solution for avoiding the squeeze of a mounting U.S.-China trade dispute: move production to other East Asian nations. For many companies, however, this is not a viable option.
As the trade war between the U.S. and China heats up, it’s becoming clear that the dispute won’t end in a quick resolution. Nevertheless, importers must take action now, to protect themselves from the disruption that’s sure to result.
Giant Manufacturing Co. saw the writing on the wall early on. The world’s biggest bicycle maker started moving production of U.S.-bound orders out of its China facilities as soon as it heard Trump threaten tariff action in September.