Steel tariffs in global trade have a significant impact on businesses, industries, and economies worldwide. Governments impose these tariffs to regulate imports, protect domestic steel producers, and address trade imbalances. However, they also bring challenges such as increased production costs and potential trade disputes. According to the World Trade Organization…
The global trade environment is shifting again, and businesses across North America feel the ripple effects. The recent imposition of tariffs by the Trump administration on Mexico and Canada has sparked widespread discussion and concern among industry leaders, supply chain professionals, and trade experts. At The ILS Company, we…
To begin, we need to define what Customs clearance is. This activity ensures that goods entering or leaving a country to comply with all legal requirements and regulations. The purpose of customs clearance is to prevent illegal or harmful goods from entering a country and collect any applicable taxes or…
Importers and exporters are always on the lookout to save money when it comes to transporting their goods from one destination to the other. Once they are ready to begin importing their good, the next step for them is to get their customs bond. That being said, have you ever…
