SALT LAKE CITY — When Salt Lake City and World Trade Center Utah officials began negotiating an authority transfer of the city's foreign-trade zone almost two years ago, nobody knew how important it ...
Ever since the Trump administration upended global trade with a wave of tariffs on imported goods, some companies have been trying to seek shelter in foreign trade zones. These are specially ...
Companies are increasingly turning to a Depression-era policy to avoid President Donald Trump’s tariffs, importing goods into designated US zones where they don’t have to pay tariffs until they want ...
To offset the rising costs of tariffs and trade war uncertainty, companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses to delay or reduce product taxes. FTZs ...
A foreign trade zone is a physical site located near a U.S. port of entry where goods can be stored, assembled, modified, or repackaged duty free. Fees are collected only after a product leaves the ...
As President Trump’s self-imposed tariff deadline loomed this week, Octavio Saavedra was fielding frantic calls from clients who had been keeping their goods in the warehouses he manages. The ...
Dongjin Semichem Texas, a chemical manufacturer, is in the process of seeking a Foreign Trade Zone designation. That designation would allow the company’s Killeen location to be treated as though it ...
To avoid tariffs and trade war uncertainty, more companies are using U.S. Customs-sanctioned foreign trade zones (FTZs) and bonded warehouses, where products can be stored anywhere from years to ...
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