×

Dutycalc Data Systems was founded in 1988 as a software and consulting company that designs, develops and implements management support systems for the import, export and brokerage communities. Our primary area of focus is Duty Drawback and the implementation of our fully automated Drawback System.

COMPANY INFO

6300 Stanley Dr
Auburn, Ca
95602

+1 (530) 637-1006

info@dutycalc.com

WE'RE SOCIAL

Duty Calc - Duty Drawback Software and Consulting Company

  • HOME
  • COMPANY INFO
    • ABOUT US
    • FREQUENTLY ASKED QUESTIONS
    • GLOSSARY OF TERMS
  • SERVICES
    • SECTION 301 DUTIES
    • FULL SERVICE DRAWBACK
    • PROCESS & FILE ONLY SERVICE
    • SOFTWARE
  • DUTYCALC BLOG
  • CONTACT
  • Home
  • 2020
  • March
 

Month: March 2020

  • 0
dutycalcadmin
Thursday, 19 March 2020 / Published in Drawback, drawback software, export tax, import tax

Coronavirus Impact on Importers & Exporters

Coronavirus Impact on Importers & Exporters

Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service

What is Drawback

Contact us  

The Coronavirus pandemic is threatening a global recession. The virus is causing major disruptions to businesses around the world. Supply and demand shocks in China have led to other countries, like the US, fearing a prolonged global slowdown or even a recession. Policy makers are making quick calls in response to help cushion the economic blow of the epidemic. Specifically, the U.S. Federal Reserve delivered an emergency rate cut at the beginning of March.  According to Reuters Business News, shortages of vital parts and components from China last month cost other countries and their industries $50 billion. And things are not projected to get any better. Analysts are saying that many businesses in China, businesses that U.S. companies partner with, are taking longer to reopen than expected. Some are saying that there is a chance that businesses will not return to normal production until late April/early May.  Firms that had not shut down or ones that have reopened are suffering from shortages of parts and other raw materials as well as labor. According to a survey by China’s customs administration that was released earlier this month, over 80% of foreign trading companies in China have returned to work. However, less than a third of small and medium-sized businesses are operating normally. A workforce that employs about 80% of China’s labor force.  The scare had caused China to postpone January’s data release and they had decided to instead combine the first two months on the year. That data has since been released and showed that China’s exports shrank by 17.2% in January and February combined due to the Coronavirus’ impact.  We are still learning more about the virus and it’s impacts on the import and export industry so make sure to stay updated here on our monthly blog for updated information! 

drawback consultingimport export tax

Recent Posts

  • Importing Wholesale Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service

    Duty Drawback for Exporters

    Duty Drawback for Exporters Duty Drawback Softw...
  • Filing While Tariffs Are High

    Impact of High Tariffs

    Impact of High Tariffs Duty Drawback Software |...
  • Filing While Tariffs Are High

    Filing While Tariffs Are High

    Filing While Tariffs Are High Duty Drawback Sof...
  • Duty Drawback Software Duty Drawback Boon A Boon for Import and Export Businesses Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service

    Consulting With Duty Calc

    Consulting With Duty Calc Duty Drawback Softwar...
  • Duty Drawback Software Duty Drawback Boon A Boon for Import and Export Businesses Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service

    Duty Drawback Software

    Duty Drawback Software A Smart Investment Duty ...

Recent Comments

    Archives

    • June 2025
    • April 2025
    • March 2025
    • January 2025
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • October 2023
    • July 2023
    • May 2023
    • March 2023
    • January 2023
    • December 2022
    • November 2022
    • September 2022
    • August 2022
    • July 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018

    Categories

    • Drawback
    • drawback service
    • drawback software
    • duty drawback
    • export tax
    • Global Trade
    • import export tax
    • import tax
    • Logistic
    • Section 301
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Dutycalc Data Systems was founded in 1988 as a software and consulting company that designs, develops and implements management support systems for the import, export and brokerage communities. Our primary area of focus is Duty Drawback and the implementation of our fully automated Drawback System.

    COMPANY INFO

    6300 Stanley Dr
    Auburn, Ca
    95602

    +1 (530) 637-1006

    info@dutycalc.com

    WE'RE SOCIAL

    TOP