If your company imports goods into the United States, you may be sitting on a significant refund you’ve never claimed. Duty drawback — a U.S. government program that refunds up to 99% of import duties ...

Flexport recently spotlighted how technology can help unlock larger duty drawback refunds, urging companies to rethink how they manage claims. In a recent webinar, Tim Vorderstrasse, Flexport's head ...

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.

(MENAFN- EIN Presswire) Flue-cured tobacco growers concerned that the House Reconciliation Bill threatens the majority of U.S. flue-cured demand. RALEIGH, NC, UNITED STATES, May 22, 2025 /EINPresswire ...

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 ...

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 ...

When President Trump signed the Tax Cuts and Jobs Act into law last year, he restored America’s competitive edge on the global stage. The law reduced the tax burden for American businesses, helping ...

“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 ...