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Mastering Harmonized Tariff Schedule: A Guide for Cross-Border Retailers
With global trade consistently growing but facing increased uncertainty, businesses, especially cross-border retailers, must be more strategic and agile than ever. One crucial, but often overlooked, factor is the Harmonized...
The Potential Impact of U.S. Tariffs on Customs Duties and Duty Drawback
In recent years, U.S. tariffs have significantly influenced international trade dynamics, directly affecting customs duties and the duty drawback system. For businesses engaged in global commerce, understanding these impacts is...
Navigating the 23% Return Rate in Luxury E-commerce: Strategies for Cross-Border Retailers
The luxury e-commerce sector faces a significant challenge with an average global return rate of 23%, amounting to approximately $38 billion USD in returned merchandise annually. As e-commerce continues to...
Harnessing AI for Efficient Customs Duty Drawback: A Game Changer for Cross-Border Retailers
In the realm of international trade, AI is revolutionizing customs duty drawback processes, offering cross-border retailers unprecedented opportunities to reclaim duties efficiently. This innovation is transforming how businesses manage customs...
Customs Duty Drawback and Luxury Goods: The Case of the $10,000 Suit
Are you a luxury goods company involved in cross-border trade? If so, you likely ship high-quality goods abroad that are subject to customs duties due to their premium pricing. But...
