In this episode of Simply Trade, we dive deep into the world of duty drawback with industry expert Tony Nogueras. As China tariffs continue to impact global trade, understanding advanced drawback strategies has never been more crucial for importers and exporters.

Main Points/Takeaways:

1. Recent changes in China tariffs and their impact on international trade 2. The modernized drawback regulatory structure and its game-changing effects 3. HTS-level substitution and its advantages for various industries 4. Strategies for maximizing duty drawback recovery, including value matching 5. The interplay between Foreign Trade Zones and duty drawback programs 6. Potential legislative changes that could further benefit drawback claimants

Key Insights:

- "Anytime you make an importation, it's like making a deposit into your drawback bank account." - Tony Nogueras - Companies are altering supply chains and business models to maximize drawback recovery - The alcohol industry has emerged as a major winner in recent drawback regulation changes - Proper value matching is crucial to avoid leaving money on the table in drawback claims - Even companies with existing drawback programs may benefit from reassessment

This episode provides invaluable insights for importers and exporters looking to optimize their international trade operations. By mastering duty drawback strategies, companies can potentially recover millions in duties and taxes, significantly impacting their bottom line in today's challenging trade environment.

Enjoy the show!

Sign up for the upcoming Forced Labor training (Supply Chain Tracing) here: https://globaltrainingcenter.com/forced-labor-supply-chain-tracing/

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

Show references:

• Tony Nogueras: https://www.linkedin.com/in/anthony-nogueras-2715985/
• Alliance: https://alliancechb.com/duty-drawback/
• Global Training Center - www.GlobalTrainingCenter.com
• Simply Trade Podcast - twitter.com/SimplyTradePod

Find us on YouTube: https://www.youtube.com/@SimplyTradePod

Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:

• Advertising and sponsoring on Simply Trade

• Requests to be on the show as guest

• Suggest any topics you would like to hear about

Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.