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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

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Duty Calc - Duty Drawback Software and Consulting Company

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China Trade Policy

China Trade Policy Duty Drawback Software | Import Export Consulting | Processing Filing | Full Service
Tuesday, 28 September 2021 / Published in Drawback, drawback service, drawback software, export tax, import tax, Section 301

China Trade Policy

China Trade Policy

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

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President Biden took office in January and has yet to show any real progress in the trade war with China. Many United States companies want the Biden Administration to drop tariffs on Chinese goods and provide clarity about the current relationship with China. The relationship between the United States and China is still hurting from the last administration and companies are looking for President Biden to fix it as it has been nine months since he took office.

A New York Times article by Thomas Kaplan and Alan Rappeport reminds us that in June, Biden issued an executive order adding more Chinese companies to a prohibition on American investments in Chinese firms that have links to the country’s military or that sell surveillance technology used to repress dissent or religious minorities. In July, Biden expanded the list of Chinese officials under sanctions by the United States for their role in undermining Hong Kong’s democratic institutions. That being said President Biden and his top advisers have yet to elucidate how they view economic relations with Beijing, saying they will make the administration’s approach known once a broad review of China trade policy concludes.

The problem with this is that businesses do not want to wait around. The United States’ trade relationship with China is one of the largest in the world, economically, and companies are getting impatient. Businesses have been waiting for Biden to change course from Trump’s trade policies and are losing money with tariffs in place. Businesses are being forced to borrow more from banks and having to pass along costs of import duties to their customers. The impact these tariffs have are causing major financial hardships across the entire business supply chain and Biden is in the driver’s seat and needs to make some adjustments.

 

The trade war did not work and as promised, Biden needs to take action to help companies that are struggling. For more information on the trade war with China stay updated here on our monthly blog.

Tagged under: drawback consulting, import export drawback, Section 301 Drawback

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    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