Opinions expressed by Digital Journal contributors are their own. While many business leaders prioritize cost control, forecasting, and risk mitigation, they often neglect customs refunds as a source ...

Rising tariffs and trade enforcement are reshaping the economics of international e-commerce. For brands importing into the U.S. and shipping globally, duty costs have climbed significantly—especially ...

A relatively less-known tax mitigation provision called the US Duty Drawback program allows US-based automakers to recover the import tariff paid on vehicles manufactured abroad, as per a new report.

Volvo Cars and EV startup Polestar will be tapping into an old U.S. trade program to import Chinese vehicles at a lower cost, giving the Swedish brands a competitive leg up. By using the U.S. duty ...

As Republicans now look to build on the success of President Trump’s tax cuts with a second reconciliation bill, protecting duty drawback should remain a priority for Congress as it aims to grow our ...

“The duty drawback program is one of the longest-standing trade mechanisms in the United States, having been established in 1789,” said Kimberly Foley, Executive Director of TA. “Its core function is ...

As companies look for savings in all aspects of their business, import costs can be one way to find them. Elizabeth Shingler, manager of tax, trade and customs at multinational advisory firm KPMG, ...

Filing for duty drawback with U.S. Customs and Border Protection (CBP) remains one of the most complex and time-consuming processes for American shippers, but it has become easier during the past year ...

Duty drawback is a long-standing U.S. Customs program that allows importers to reclaim up to 99% of duties, fees, and tariffs on goods that are later exported, returned, or destroyed. Despite billions ...