Archives for August 2017

World’s Fastest-Growing Export Services

From 2012 to 2016, the average increase for all export services was 7.9%. Total export services sales grew from US$13.28 trillion in 2012 to $14.329 trillion during 2016. Miscellaneous maintenance and repair services was the fastest-growing service category over that five-year period via a 52.9% gain. In second place were telecommunications, communication and computer services […]

US Custom Charges for Imported Mobile Phones

If your smartphone-making business is located in Cuba or North Korea, the custom duty tariff rate on mobile phones imported into the US is a hefty 35%. That’s because those two countries are considered “Column 2 Countries” — entities outside of normal trade relations that America enjoys with other countries. Currently this dubious distinction is […]