Fastener Fair Plans Town Hall on Tariffs May 19
Trade law expert Richard Wortman will lead a Town Hall on Tariffs May 19 at the Charlotte Convention Center during Fastener Fair USA in Charlotte, NC.
Tariffs have a massive effect on the global fastener industry, affecting everything from the supply of raw materials, to the import of fasteners themselves into the domestic market.
Since January 1, two major developments have taken place affecting tariffs – the adoption of the USMCA by Mexico, Canada and the U.S., and the signing of Phase 1 of a trade agreement with China. Both will have profound impacts on business and trade. The China agreement has many details yet to be resolved.
USMCA, which replaces NAFTA, will mean big changes for auto manufacturers in hopes of ensuring more vehicles and parts are made in North America. To qualify for zero tariffs in crossing borders, a car or truck must have 75% of its components manufactured in Canada, the U.S. or Mexico, up from 62.5% under NAFTA.
Presenter Richard Wortman, manages the Los Angeles office of Grunfeld, Desiderio, Lebowitz, Silverman & Klestadt LLP, is one of the nation’s largest law firms devoted exclusively to international trade and customs matters. His practice is focused on import and export trade law, trade regulations and customs law, regulatory law and transportation law.
Wortman has represented clients before U.S. Customs and Border Protection on a variety of issues including the classification and valuation of imported merchandise, focused assessments and averting penalties. He also regularly appears before other government agencies with responsibilities over import and export transactions. Wortman helps companies implement duty savings strategies and internal compliance programs. He has lectured extensively on issues pertaining to import and export law on behalf of various organizations. He has also taught import and export trade law to both industry and Customs brokerage associations.
The Town Hall on Tariffs and Wortman’s presentation will take place from the Industry Education Stage at Fastener Fair USA, May 19 from 4:00 to 5:00 p.m. Learn more and register at www.fastenerfairusa.com