Parallel imported cars are vehicles purchased directly from overseas markets without authorization, typically priced 10%-20% lower than domestically regulated cars. Individuals can also import cars through parallel channels, but they must be aware of the complex customs procedures involved, which include tariffs, value-added tax, and consumption tax.
The HS code is a crucial tool in cross-border logistics, assisting customs in identifying goods, ensuring compliance, and determining tariffs. This article provides a detailed overview of the structure, core functions, querying methods, and common mistakes related to HS codes, emphasizing their importance and complexity in cross-border customs clearance.
The LTL market in 2025 faces challenges from tariffs and market uncertainties, with the top 25 transportation companies experiencing a 1.3% decline in revenue. Experts advise operators to avoid price competition and focus on enhancing efficiency in order to prepare for the upcoming NMFC classification changes and a potential wave of bankruptcies.
Temu and TikTok Shop are reshaping the shipping market with their respective cross-border logistics strategies. Temu utilizes a low-cost fulfillment network suitable for large items, while TikTok optimizes social e-commerce through a content-driven and flexible warehousing and distribution model. Both have their advantages but face challenges from changing tariffs.
The article discusses delays in the customs clearance of Indian aquatic products due to the pandemic in China, the trend of the shipping industry gradually shifting towards hydrogen energy, and finally mentions the impact of increased tariffs on Chinese goods by the United States. It showcases important dynamics in the global shipping market.
The shipping industries of India and the United States have decided to cancel the planned price increase notification set for August 1 due to uncertainties surrounding new tariffs. They will maintain current freight rates, a strategy aimed at balancing company profits with customer demand, in order to sustain stability and flexibility in a competitive market environment.
Third-party logistics (3PL) has experienced growth amidst challenges such as geopolitical issues, tariffs, costs, and labor shortages, achieved through technology investments and industry consolidation. In 2024, the net revenue of the U.S. 3PL market is expected to grow by 1.6%. Technological innovation and resource integration are becoming pivotal for the industry to tackle these challenges.
In the face of evolving tariff policies, companies must implement strategic warehousing and inventory management solutions to enhance financial resilience. Flexible transshipment strategies, multi-channel inventory distribution, and the use of bonded warehouses can significantly reduce costs and improve service levels. Additionally, selecting strategic distribution centers and adopting dual coastal warehousing strategies can effectively mitigate the impact of tariffs.
When importing complete sets of mechanical equipment, it is essential to pay attention to tariffs and value-added tax rates, ensuring the accuracy of the declared price and customs codes. Additionally, consistency in nameplate information and compliance with inspection procedures is crucial. After assembly and debugging at the usage location, passing customs acceptance is required before production can commence.
On July 9, Trump reiterated the threat of increased tariffs, while Treasury Secretary Becerra noted that some countries might reach agreements, but not all parties would meet deadlines. The U.S. Secretary of Commerce stated that an agreement with ten major trading partners is forthcoming, increasing pressure on national survival. Cargo owners and freight forwarders must closely monitor policy changes to mitigate potential risks.
