Simply Trade

[ROUNDUP] Tariffs Killing Your Profit Margins? Duty Drawback Explained: with Ariana Cox


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Are Hidden Tariff Refunds Sitting in Your Company's Blind Spot?

In this explosive episode of Simply Trade, host Annik and duty drawback expert Ariana Cox reveal a game-changing strategy that could save your business significant money amid escalating global trade tensions.

With Trump's new 25% automobile tariffs and increasing trade fragmentation, businesses are searching for financial lifelines. Enter duty drawback - a powerful yet often overlooked mechanism for recovering import duties, taxes, and fees.


đŸ€ Connect with Today's Expert: Ariana Cox LinkedIn: Ariana Cox Company: PAX Drawback Specialists Professional Focus: Duty Drawback & Trade Compliance Expert Contact Methods:

  • LinkedIn Ariana Cox: https://www.linkedin.com/in/ariana-cox-lcb-60a13933b/

  • Company Website: https://paxai.com/ 

    Pro Tip: When contacting Ariana, have your import/export documentation ready for the most comprehensive initial review.

     

    Key Insights:

    1. Duty Drawback Decoded

      • Definition: Refund of duties on imported goods that are subsequently exported or destroyed

      • Covers multiple fees: Regular duties, harbor maintenance tax, merchandise processing fees

      • Potential recovery across manufacturing, retail, and supply chain sectors

        1. Customs Facilitation Act of 2025 Highlights

          • Streamlines customs processes

          • Accelerates duty refund procedures

          • Introduces $20 de minimis threshold for claim discrepancies

          • Eliminates prior approval requirements for certain drawback claims

            Standout Quote: "With AI implementation, the barrier to entry into drawback has dropped. We can now help clients who previously couldn't get a broker's attention."

            1. AI Revolution in Trade Compliance

              • Reduces manual data entry errors

              • Lowers barrier to entry for smaller businesses

              • Enables more efficient drawback claim processing

                Pro Tip from Ariana Cox: "The more times you have human interaction re-typing data, the more room for error. AI tools can extract data directly, ensuring accuracy."

                Who Should Listen:

                • Importers and exporters

                • Manufacturing companies

                • Supply chain managers

                • Trade compliance professionals

                  Actionable Takeaway: Contact a specialized duty drawback broker for a free initial assessment. Potential savings could be significant, especially in high-tariff environments.

                  #TradeCompliance #DutyDrawback #ImportExport #AIinTrade #CustomsRefunds


                  Still Have Questions? Access Exclusive Resources Here ⏬

                  Recommended Resources:

                  Global Training Center Courses https://globaltrainingcenter.com/courses/ 

                  International Trade Compliance Webinars https://globaltrainingcenter.com/webinars/ 

                  Customs Broker Prep https://globaltrainingcenter.com/customs-broker-prep-course/ 

                   

                  Connect with Simply Trade Podcast:

                  - Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g

                  - LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

                  - Twitter: https://twitter.com/SimplyTradePod

                  - Website: https://globaltrainingcenter.com/simply-trade-podcast/

                   

                  Contact Us/ Suggest Topics

                   

                  Credits:

                  Host: Annik Sobbing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

                  Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

                  Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

                   

                  Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

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