If your smartphone-making business is located in Cuba or North Korea, the custom duty tariff rate on mobile phones imported into the US is a hefty 35%. That’s because those two countries are considered “Column 2 Countries” -- entities outside of normal trade relations that America enjoys with other countries. Currently this dubious distinction is moot, since the US imports … [Read more...] about US Custom Charges for Imported Mobile Phones
Spotlight
Practical Joke Items Exporters
Would you believe that practical joke items exporters earn over one billion dollars annually? Don't laugh, it's true. Global sales for practical joke items exporters amounted to US$1,253,536,000 in 2014. That figure represents a 30.2% gain from 2010 and is up 17.3% since 2013. The 6-digit Harmonized Tariff System code prefix for practical joke items is 950590. Top … [Read more...] about Practical Joke Items Exporters
Brazil Major Product Supply Advantages
Brazil ran an overall trade deficit of -US$4 billion for 2014. However, Brazil did earn positive trade balances with 156 of the 222 foreign geographic entities with which it exchanges exports and imports. Brazilian exports to exceeded Brazil’s imports from Asian nations by $5.5 billion in 2014. Similarly, Brazil achieved a $5 billion trading surplus with Middle Eastern … [Read more...] about Brazil Major Product Supply Advantages
US Major Product Supply Advantages
United States ran an overall trade deficit of US$726.3 billion for 2014. However, the US did earn positive trade balances with 128 of the 220 foreign geographic entities with which it exchanges exports and imports. US exports to exceeded its imports from Latin America (excluding Mexico) and Caribbean Islands by $31.8 billion in 2014. Similarly, America ran a $3.5 billion … [Read more...] about US Major Product Supply Advantages
Stephen Harper’s International Trade Record
Stephen Harper has been the Canadian prime minister since 2006. This analysis shows that the Conservative Party leader has posted a mixed record in positioning Canada’s competitive advantages on global trade markets. Trade balances trending down In 2005, the year before Harper was elected to his first term, Canada posted a trade surplus equal to US$46.1 billion. Ten years … [Read more...] about Stephen Harper’s International Trade Record