The United States, Canada, and Mexico recently agreed on terms of a new trade deal to replace NAFTA. The agreement will be called the United States-Mexico-Canada Agreement, or USMCA. After more than a year of difficult negotiations, the three countries reached a consensus to create the new trilateral trade deal governing $1.2 trillion in trade, making it the largest trade deal…
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Proposed Tariffs To Have Greater Impact On Housewares Industry
The list of tariffs affecting the housewares industry will have a greater impact on home and housewares products with the proposed tariff rate recently increased to 25 percent from the original 10 percent announced by the United States Trade Representative (USTR). The list includes more than 6,000 tariff subheadings, affecting $200 billion of goods imported from China. “The…
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IHA Opposes Latest Round of Proposed Tariffs
The latest round of tariffs on products coming from China announced by the United States Trade Representative (USTR) affects $200 billion of goods imported and if enacted would have an impact on the housewares industry. The International Housewares Association announced today it will activate its resources at the Association and member levels to provide comment on the…
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Export 101: Understanding Exchange Rates
When conducting international business, it is important to take historical, current and forecasted exchange rates into account. It’s also very important to determine the specific currency in which a transaction will be priced. This decision will determine potential risks and rewards as exchange rates fluctuate. As an example, US Company A sells their Product for US$1,…
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