IncoDocs

16/04/2025

Retaliatory tariffs are heating up global trade—but who actually pays the price? 🌎 Dive into the mechanics behind these tariffs and how they affect importers, exporters and end consumers.

A tariff is a tax applied to goods imported from other countries. It’s usually charged at the border before those goods are allowed into the domestic market.  When one country imposes new tariffs, another country might respond with its own set of tariffs. These are known as retaliatory tariffs. T...

03/04/2025

In light of the White House's announcement on 2nd of April regarding new reciprocal tariffs—including a baseline 10% tariff on all imports and higher rates for specific countries—the concept of reciprocal tariffs has become a pivotal topic in international trade discussions.

Learn how reciprocal tariffs work and why they matter in 2025 https://bit.ly/3FQUcXj ⬅️

What Is the Meaning of a Reciprocal Tariff? A tariff is a tax on goods that are brought into a country from abroad making imported products more expensive. A reciprocal tariff is a tax a country uses to respond to how another country treats its exports. For example, if Country A imposes a 10% tariff...

25/03/2025

Tariff Rate Quotas (TRQs) and Import Quotas are two common trade policy tools that governments use to control the flow of goods across borders. https://bit.ly/4j33KNh ⬅️

They might sound similar, but they work in very different ways. Learn the key differences, see real-world examples and understand how these mechanisms impact global trade. 🌏

Countries use trade barriers to manage imports and protect their industries. Some barriers limit how much of a product can enter a country. Others make imports more expensive. Governments use these tools to support local businesses and control market prices. Import Quotas and Tariff Rate Quotas (TRQ...

13/03/2025

Who really pays tariffs? 🤔💰 Many think tariffs hit foreign exporters, but in reality, importers - and ultimately consumers - bear the cost. https://bit.ly/4kOlvkO

Whether you're involved global trade or just curious about how tariffs impact prices, this article breaks it down.

A tariff is a tax placed on imported goods. Governments collect it when products enter the country. The goal is often to protect local industries, influence trade, or bring in money. But there is confusion about how tariffs work. Some say they make the country richer by bringing in revenue. The idea...

28/02/2025

The CPT Incoterm can simplify international trade, but do you know exactly what is and what is not covered? https://bit.ly/41z6Pi3 ⬅️
Learn how CPT works, the key responsibilities of buyers and sellers, and why understanding the risk transfer point is crucial.

Incoterms are international rules that define responsibilities in shipping. They decide which party is responsible for the various costs and risks, including International freight, customs clearance, import duties & taxes. The International Chamber of Commerce (ICC) introduced Incoterms in 1936 to c...

25/02/2025

Learn how duty drawback allows businesses to reclaim import duties. https://bit.ly/3D7an1C ⬅️
Read about the process, who can claim and the process on filing duty drawback claims.

Duty Drawback – How to Recover Import Duties and Maximize Trade Profits Billions in Unclaimed Duty Drawback Refunds Billions of dollars are left unclaimed every year. Many businesses pay duties on imports without realizing they could get that money back. This happens because companies either do no...

11/02/2025

Did you know that every country sets a de minimis value—a threshold below which imports are exempt from duties and taxes? 📦 https://bit.ly/4jLWBC9 ⬅️
Understanding these limits is important for e-commerce sellers, importers, and global traders. Some countries keep it high to encourage trade, while others lower it to protect local businesses.

De minimis value is the limit set by countries for imports to be exempt from duties and taxes. If the value of a shipment is below this threshold, it can enter without additional costs. This helps simplify customs processes and reduce trade barriers. Each country decides its own de minimis threshold...

06/02/2025

U.S. Tariff Shake-Up: What It Means for Global Trade https://bit.ly/4b5pJjX ⬅️

🇺🇸The U.S. rolled out major tariff changes—25% on Canada & Mexico, extra 10% on China, and the end of the $800 de minimis rule.
📨E-commerce giants like Shein & Temu are in trouble.
⏱️Canada & Mexico scored a 30-day delay.

Read the latest Global Trade Newsletter to keep up to date with the latest changes.

Welcome to all our new subscribers and a warm “Ahoy” to our loyal readers. Seems like US trade policy & negotiations are changing by the hour this week. Lets dive into the latest. 🪂

31/01/2025

Did you catch the latest Global Trade Newsletter? https://bit.ly/3PYOJj6 👀

🚨Trade War Heats Up! Trump slaps a 25% tariff on Colombian imports after a diplomatic standoff.
💻China’s DeepSeek AI is shaking up the AI race, challenging GPT-4.

What does this mean for global trade? Read the latest insights.

A diplomatic standoff erupted between the United States and Colombia last Sunday over immigration policy. Colombian President Gustavo Petro refused to allow US military aircraft carrying deported Colombian nationals to land in his country, citing concerns over their treatment and the optics of using...

30/01/2025

Are you an importer or exporter looking for the right software to streamline your operations? Are you a software provider with a great tool for importers and exporters?

We know it can be challenging to find the right software to streamline your import export operations. That’s why we've created a list of the best tools that importers and exporters can utilize to save time, reduce errors and optimize their supply chains.

Explore the list ▶️ https://incodocs.com/tools

We're looking for the best solutions to feature in our growing ecosystem of trade tools. If you're a software provide and are interested in partnering with IncoDocs, send us a message.

29/01/2025

Use the free CBM Calculator to quickly calculate the cubic size & weights of import export shipments. 📦 https://bit.ly/40yFyL4 👈
Used for all modes of transport, by sea, air, road, rail or parcel/courier shipments.

28/01/2025

Trump’s introduction of the External Revenue Service (ERS) is set to reshape global trade by encouraging businesses to diversify revenue streams and form stronger external partnerships. Learn how this bold policy could impact tax regulations, supply chains, and cross-border collaborations. 🌍 https://bit.ly/4hxM1wv

The External Revenue Service (ERS) is an agency proposed by president Donald Trump aimed at collecting tariffs, duties, and revenues from foreign trade. Introduced as part of efforts to reform U.S. trade practices, the ERS seeks to generate revenue by leveraging trade-based taxes instead of relying....