When a BMW automobile arrives at a U.S. port from Germany (as I understand it, BMWs are still manufactured in Germany and not China), among other things a charge, known as a “duty,” is made by the Customs Department of the Federal Government. The duty is 5.0% of the value of the product, which can be [...]
Utah’s merchandise exports in 2007 were $7.8 billion. By the end of the 2008-2009 fiscal year that ends June 30, the number may exceed $14.0 billion. Key exports include electronics, computers, aircraft components and other commodities such as custom food items and heritage craft products. There are over 2500 companies involved in exporting, 85% of [...]
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