The Art of the Trade Deal: Duty-Saving Strategies for 232 and 301 Tariffs on Imported Goods
Webinar: 1 CCS Credit
U.S. importers, exporters, and manufacturers are looking for ways to mitigate the impact of the 10 to 25 percent additional tariffs the U.S. has levied on tens of billions of dollars’ worth of imported goods, including steel and aluminum from all global sources and hundreds of products from China, as well as the retaliatory tariffs U.S. trading partners have begun to impose on U.S. exports. There are a number of proven and legitimate ways to avoid or reduce these duties that companies importing high-duty products already have adopted with great success. This webinar will review the most critical duty-busting strategies and how companies can use them in structuring their own trade deals.
- requesting tariff exclusions from the Department of Commerce and Office of the U.S. Trade Representative
- tariff engineering to remove products from covered tariff lines
- operational engineering to shift product origin
- use of HTSUS Chapter 98 special classification provisions to avoid duty exposure
- First Sale and other valuation strategies to lower declared value
- foreign-trade zones and bonded warehouses for manufacturing and export advantages
- e-commerce opportunities to avoid increased duty assessment
Lenny Feldman is a Senior Member of Sandler, Travis & Rosenberg, P.A..and serves on the firm's Operating Committee. Mr. Feldman served as a senior attorney at Customs’ Office of Regulations and Rulings from 1991 to 2000, where he was responsible for issuing hundreds of decisions and training agency officials on customs laws and regulations relating to classification, origin, trade preference, valuation and enforcement. Today he serves as counsel to numerous corporate officials on global compliance and enforcement issues and is one of 20 members appointed nationally to serve on the Commercial Customs Operations Advisory Committee offering strategic direction to federal executives.