Tuesday, June 28, 2016

Claremont Flock Uses Foreign Trade Zone to Keep Manufacturing Jobs in the U.S.A.

David Trumbull, the licensed customs broker the Shahs hired to assist them with the application process, said the import tax on raw materials coming into the U.S. has created an incentive for companies to manufacture abroad.

"What Claremont Flock is doing is keeping jobs in the U.S. and, in doing so, are having to pay a 7.5 percent duty on imports, whereas someone else can bring in that same thing as a finished product with no rate of duty," said Trumbull.

Read the rest of the story at www.sentinelandenterprise.com/news/ci_30061499/leominsters

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