Breaking news! Trump: Tariffs on China increased to 20%! Many products affected!!

According to a report by CNBC on February 27th at 8:51 EDT, US President Trump said on the same day that 25% tariff would be officially imposed on Canada and Mexico on March 4th, and an additional 10% tariff would be imposed on China on same day.

What does logistics deferral mean？

Logistics deferral usually refers to a tax policy in international logistics where goods in the importing country can defer the payment of import value-added tax (VAT). This policy allows sellers to not immediately pay import value-added tax when importing goods, but to pay this tax to the tax bureau after the goods are sold. This approach can provide sellers with a certain cash flow advantage, as the payment of value-added tax can be postponed until after the sale of goods, thereby reducing the cash flow pressure during import.

What is the HS Code on the bill of lading?

1、 Firstly, let me introduce you to the concept of HS CODE:
⭐HS The Harmonized System Code is an abbreviation for the Harmonized System, developed by the World Customs Organization (WCO) for the classification and identification of goods.
⭐ It is a widely used universal standard in international trade for commodity classification and statistics.
⭐ It is also an international system for standardized commodity classification, facilitating customs taxation, supervision, and statistics.
2、 [HS encoding rules]:
① The first six digits of the HS code are globally standardized and applicable to all countries participating in the WCO.
② The following digits may vary from country to country: each country can refine the following digits according to their own needs. China uses an extended ten digit code, which is mainly used for more detailed classification of goods.

③ Consistency of the first six digits: The length of the code varies, but the first six digits are consistent globally and usually do not affect customs clearance at the destination port and the port of origin.
3、 Exporting and importing countries may have different HS codes:
Because each country may expand or refine its HS code according to its own needs.
⭐ When exporting, the exporter assigns an HS code based on the nature of their product and customs requirements for declaration. The formal practice for insurance is to classify products by tax number through a third-party organization recognized by customs;
⭐ When importing, the importer needs to use the HS code of the importing country for customs clearance according to its customs requirements.

Definition and process of express customs clearance

format and content of the documents are incorrect. Goods prohibited or restricted: including prohibited items or items that exceed import restrictions. Customs duties or tax issues: Failure to pay customs duties on time or existence of tax disputes. Origin issue: The certificate of origin of the goods is unclear or there are doubts. Packaging or labeling issues: Packaging does not comply with regulations or labeling is unclear. Safety or inspection issues: The goods require additional safety checks or inspections and have not passed. Changes in policies and regulations: Changes in relevant policies and regulations have led to obstacles in customs clearance.

What is the commonly referred to "double clearance and tax package" in international logistics?

What is multimodal transport, multimodal transport and its classification

The 10 most frequently used English example sentences in foreign trade business work!

1. With reference to our telephone conversation today…
关于我们今天在电话中的谈话…（用于电话沟通后的确认邮件）
2. As we discussed on the phone...
如我们上次在电话中的讨论…
3. In my previous e-mail on October 5
在10月5日所写的邮件中…
4. As I mentioned earlier about...
如我先前所提及关于…
5. As indicated in my previous e-mail...
如我在先前的信中所提出…

The advantages and precautions of overseas warehouses

reduces transportation costs; Customers can easily return or exchange goods after receiving them, which also improves the shopping experience. The construction of overseas warehouses allows export enterprises to send goods in bulk to overseas warehouses in advance, achieving local sales and distribution in the country where the overseas warehouse is located. This form greatly shortens logistics time. After the customer places an order, the export enterprise directly ships the goods locally through overseas warehouses, greatly reducing delivery time and lowering customs clearance barriers; Bulk transportation of goods reduces transportation costs; Customers can easily return or exchange goods after receiving them, greatly improving the purchasing experience.

are too seasonal or regional in nature have high storage costs, slow turnover, high capital occupation, and difficulties in clearing inventory and returning unsold products; 3. Products that exceed

Understand the overseas warehouse logistics model in one article!

Overseas warehouses have multiple advantages;
Firstly, it can greatly shorten the delivery time. After customers place orders, export companies can directly ship locally through overseas warehouses, without the need to ship domestically, effectively solving the problem of long cross-border logistics delivery times. Secondly, bulk transportation of goods can reduce transportation costs. In addition, overseas warehouses also facilitate customers' easy return and exchange of goods, improving the shopping experience.

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