The ongoing trade war between the United States and China has occurred for over three years now when Donald Trump was in office. China has long had high tariffs on US products unlike the US tariffs for China being at a fraction of theirs, putting tariffs on about $350 billion of Chinese-made goods. Trump’s efforts to balance out the tariffs amongst both countries have led to a controversial trade war over the last few years. President Joe Biden is now in office and does not agree with Trump’s decision and approach, however, undoing these placed restrictions seems to be a complicated matter after the officials’ first face-to-face meeting.

As Katherine Tai, Biden’s US trade representative points out, this situation is difficult as “China is simultaneously a rival, a trade partner, and an outsized player whose cooperation we’ll also need to address certain global challenges”.

Watch how shippers can create a Verified Gross Mass Document / Certificate (VGM) for import export shipments.  This uses Method 1 and Method 2 for SOLAS regulations to declare total weight of loaded shipping containers for International Trade documents.

Watch how Exporters create a Packing Declaration document for import export shipments.  The shipper will create the packing declaration and share with the importer after the goods have been shipped.  It will confirm the type of packaging and materials used when packing products for export including pallets, packages, crates, dunnages to ensure they meet compliant ISPM15 fumigation requirements to prevent the spread of insects and disease.

Watch how Exporters create a Commercial Invoice document for import export global trade shipments.  The seller will create a Commercial Invoice to share with the buyer, this document will contain all product information, values, currency, incoterm (FOB, FCA, CFR, CIF etc), buyer and seller information, port of loading, port of discharge, shipment type, signature and payment details.  It will be used by Freight Forwarders, ports, agents, customs, banks and other parties along the supply chain.

Watch how Exporters create Export Packing Lists for import export global trade shipments.  The shipper will create the Packing List and share it with the importer after the goods have been packaged or shipped.  The packing list will state all of the product and packaging details included in LCL, FCL, consolidated and Airfreight shipments.

Watch how Exporters create a Proforma Invoice document for import export shipments and global trade.  The seller will create a Proforma Invoice document and share it with the buyer.  The document will state buyer and seller information, product details, values, currency, port of loading, port of discharge, shipment type, signature IncoTerms and payment details. The buyer and seller should counter-sign both the Purchase Order and Proforma Invoice documents for every order.

Watch how Exporters create a Quotation Document for import export business and global trade.  The seller will create a quotation document and share it to the buyer.  This document will state all of the buyer & seller information, product details, values, currency, port of loading, port of discharge, shipment type, lead time, signature, IncoTerms and payment details.