CBP has advised that USMCA Drawback Claims can now be filed in ACE, where they will be entered for processing once the USMCA regulations are eventually implemented.
With the notification to Congress, the U.S. became the third country to have completed its domestic legislative procedures needed to implement the deal, the final step necessary for the USMCA to take effect this summer. However, some are doubtful the three countries can achieve a comprehensive implementation in such a short time.
Frequently highlighted by many as a positive outcome from renegotiation of the North American Free Trade Agreement, the new trade deal between the Canada, Mexico and the United States raised the so-called de minimus thresholds under which low-value parcels can be imported duty/tax free, usually with a simplified customs process.
The 2016 Presidential Election was among the most divisive in US history. On November 8,2016, President Donald J. Trump prevailed over former Secretary of State Hillary Rodham Clinton, to secure the presidency until the 2020 election. Among the more popular tenets of his platform was a firm stance on international trade, which was often referred to as...