Trade Impacts of COVID-19 and How Businesses Can Respond: New ST&R Page Available
The COVID-19 pandemic is disrupting supply chains worldwide, prompting government agencies and international traders alike to change the way they do business. Sandler, Travis & Rosenberg has launched a new resource page to help members of the trade community keep track of the latest policies and procedures and understand how best to respond.
This resource, which will be updated regularly, includes a list of changes U.S. trade regulatory agencies are making to their operations in response to the pandemic. These changes impact imports, exports, and trade remedy investigations, among others.
In addition, this page highlights steps companies can take to deal with trade restrictions on personal protective equipment and other goods and to lower costs amid financial instability. These include joining an effort to secure a 90-day duty deferral, seeking and utilizing tariff exemptions, and using transfer price adjustments.
Also available on the page is information on COVID-19-related measures being taken in other countries, from tariff relief and streamlined customs procedures to export licensing and other restrictions.
For more information on which developments are relevant and actionable for your company, please contact ST&R.