Monday May 19, 2025

[ROUNDUP]: US-China Trade and Tariffs Updates

Don't fall for the two-invoice trap.

On today's news episode, we've invited Molly Sitkowski to break down the complex US-China trade landscape, offering critical insights for businesses navigating the treacherous waters of international import regulations.

Key Discussion Points:
- US-China 90-Day Trade Deal Breakdown
- Tariff Calculation Complexities (Spoiler: It's more than just percentages)
- Substantial Transformation Test Explained
- Avoiding Costly Compliance Mistakes

Connect with Mollie Sitkowski:
LinkedIn: https://www.linkedin.com/in/molliesitkowski/
Website: https://www.faegredrinker.com/en/services/services?

Critical Takeaways:
1. Tariff Landscape:
- Current tariff rates potentially reaching 55-70% on Chinese imports
- Predicted future rates around 20-34%
- Potential long-term impact on manufacturing and supply chains

2. Compliance Red Flags:
- Beware of two-invoice strategies
- Understand substantial transformation rules
- Verify supplier origin declarations

Expert Quotes:
"Customs can basically use whatever they want to determine origin" - Molly Sitkowski

Actionable Strategies:
- Check USMCA exemptions
- Communicate transparently with suppliers
- Understand complex tariff classification rules

Value Proposition:
This episode is an essential listen for:
- Small business owners
- Import/export professionals
- Supply chain managers
- Trade compliance specialists

In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬

Recommended Resources:

Check out these courses we offer here at GTC! 👀🌎

📩Importing https://globaltrainingcenter.com/importing-procedures/

😵‍💫Tariff Classification https://globaltrainingcenter.com/tariff-classification/

🗺️Country of Origin https://globaltrainingcenter.com/country-of-origin/
👓🧠Surround yourself with other trade professionals: Join our Trade Geeks Community! https://globaltrainingcenter.com/trade-geeks/

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Connect with Simply Trade Podcast: