Global Logistics Security and Customs Clearance

Global Logistics Security and Customs Clearance Student’s Name: Student’s Number: Institution: Global Logistics Security and Customs Clearance The notion of customs clearance vastly affects both local and foreign companies in a nation. The current issue of politics in the U.S has fundamentally impacted the global logistics and supply chain network within the existing trade zones in the country. This text serves to analyze the impact of politics on customs duties on imports and exports for foreign and domestic firms in the trade zone as well as research on particular related functions on the issue. Since manufacturers is the U.S that have their activities involved in a trade zone can decide to or not to pay for duties for their imported goods, they clearly do not have to because they might thereafter be exported. According to a lately released report by the U.S Foreign Trade Zones committee, approximately $ 650 billion has been generated through custom clearance (Bloomberg, 2019). The current dynamics of the U.S politics has indeed created a concern on the manner as per which trade zones in the state are to operate. Recently, Donald Trump introduced new rates in the foreign trade marketing program of the nation that will positively affect the domestic and foreign companies by generating more interests. Although this move poses a threat to the 1930s agreement on free trade, it will boost the global logistics and supply chain a great deal. President Donald Trump’s main objective being minimizing imports and maximizing exports, he announced new customs clearance tariffs that has affected majority of the ports ...