US SHIPPERS are increasingly turning to foreign trade zones (FTZs) in search of relief from US tariffs, reports New York’s Journal of Commerce. FTZs are designated domestic locations, typically close to a port of entry, where shippers can store cargo that has not officially entered the US while deferring payment of tariffs and duties. The sites, administered by US Customs and Border Protection (CBP), can also be used for processing or manufacturing. Interest in the FTZs has increased...
https://www.seanews.com.tr/us-importers-turn-to-foreign-trade-zones-as-tariffs-bite/203229/