Duty drawback refunds most duties on imported goods that are later exported or destroyed. This article explains the process ...

While many business leaders prioritize cost control, forecasting, and risk mitigation, they often neglect customs refunds as a source of working capital. Today, global trade strategists and customs ...

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 ...

Discover how drawbacks offer tax rebates for businesses that import and export goods, reducing tax burdens and enhancing profitability for U.S. companies.

Americans are not in a good mood this month after cutting big checks to the IRS, thanks to a complicated and unfair tax code. There is a feeling that large corporations and rich individuals know how ...

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 ...