INCOTERMS (International Commercial Terms) are internationally recognized trade terms used by buyers and sellers for prevention of confusion in foreign trade contracts. ICC (International Chamber of Commerce) developed them in 1936 and updates them periodically.
On March 8, 2018, under Section 232 of the Trade Expansion Act of 1962, President Donald Trump exercised his authority and imposed a 25 and 10 percent tariff on steel and aluminium imports, respectively, to protect the Read More
On March 8, President Trump issued Proclamations 9704 and 9705, which look at the adjustment of steel and aluminum imports into the United States. These proclamations were issued under Section 232 of the Trade Expansion Act of 1962, which allows the president to initiate an investigation to determine whether the national security is threatened by imports. Read More