Tariffs Have Caused Disdain For American Businesses

©iStock/haveseen

Export trouble.  One year in, many wine producers say tariffs have not helped them, and some countries are rejecting U.S. wine altogether.

The resistance to American products overseas has been especially painful for wine producers who had significant export markets, like Kutch Wines, which makes small amounts of exquisite pinot noirs and chardonnays from the Sonoma Coast and the Santa Cruz Mountains.

Another California winemaker, Ridge Vineyards, a much bigger producer than Kutch, produces 28% of its sales through exports.

“Export has always been a big part of our business, and we’ve seen the effects,” he said. “The reaction was immediate and severe. Canada just stopped importing. It was our third-largest export market after the United Kingdom and Japan, and it just went away," says John Olney, Ridge's chief executive and head winemaker.

Since taking office last year, President Trump imposed tariffs on virtually all products imported into the United States. These tariffs have caused disdain for American businesses.

8th Annual Global Small Business Forum 10/20/23

©2023 Global TradeSource, Ltd.  All rights reserved.

🌍 🌎 🌏 Let's take on the world 10/20/23! 🌍 🌎 🌏 

Registration is OPEN for our 8th Annual Global Small Business Forum (https://bit.ly/3PyjTv0) brought to you by lead sponsor Associated Bank and hosted by Foley Lardner.  Full disclosure:  I [Laurel Delaney] serve as the Director for the Forum.  We can't wait to see you Friday, October 20 from 8:00 AM CT – 11:30 AM CT.  Fans, supporters and global enthusiast have already signed up – because we are a sure thing – and 3 companies have secured vendor tables. Grab your ticket before we reach maximum capacity.

The theme this year is: Navigate Turbulence in the Global Marketplace (#navigateturbulenceintheglobalmarketplace).

Representation will be from all over the world due to the hybrid approach (option to attend in person #Chicago or remotely). We cherish diversity of thought and a rich exchange of information and that we guarantee you will experience. 

Associated Bank is our lead (Gold) sponsor. We thank them for their continued support.

Foley & Lardner LLP provides innovative legal services to businesses and is the host for the program – grateful to their support as well.

  

Now to the speakers, the people who will make our event rock! The following speakers have an amazing background in international trade, some are even #export-award winners:

• Bill McHenry, President, Widgeteer, Inc.
• Angie Kappel, VP Foreign Exchange, Capital Markets, Associated Bank
• Cathy Koch, Founder and CEO, K-Tec Systems
• Tom Dustman, International Sales Director, Sunnen Products Company
• Ellen Wheeler, Partner and Litigation Attorney, Foley & Lardner LLP
• Lori Novak, VP Foreign Exchange, Capital Markets, Associated Bank
• Ahmad Murrar, Litigation Associate, Foley & Lardner LLP (Moderator)
• Susan Walters-Flood, Chief Operating Officer, The Planting Hope Company
• Donald J. Lloyd, Senior VP, Manager: Capital Markets – Foreign Exchange, Rate Swaps and Commodity Derivatives, Associated Bank (Moderator)
• Lu Holter, Owner, Croix Valley Foods
• Richard Paullin, Executive Director, ITAGC
• Marc Schulman, President, Eli's Cheesecake Company

Topics covered:

–  How to get paid and avoid risks associated with foreign exchange fluctuations?

–  The value of EXIM bank financing.

–  What grants are available to businesses for international expansion?

–  The ins and outs to sourcing and importing.

–  Which overseas markets are right for you and how to figure it out?

–  Strategies for ingredient protection on food products.

–  Best practices in the area of post-pandemic recovery.

–  What does Made in U.S.A. mean to the world?

–  How to find customers and ship products worldwide.

–  What's involved to export foods products (e.g., labelling and regulatory issues)?

–  Strategies for working effectively across different cultures to form productive relationships with diverse clients.

Visit the website for more details and to register: https://bit.ly/3PyjTv0.

Our forum is known for attracting and featuring business owners who are #exporting or are about to #goglobal, incredible networking, and the exciting raffle of prizes at the end.  The prizes alone draw people to the event 😂!

Can't wait to connect with you in October 20th!  Together, let's take on the world!

Note to our readers:  Thanks to your readership, we have surpassed 150K views to our blog in September!

Only 3 Days Left to Register for the Biggest and Best Global Small Business Forum on the Planet

©2022 Global TradeSource, Ltd.  All rights reserved.

Don't miss the biggest and best 7th Annual Global Small Business Forum on the planet held virtually this Friday, October 21st from 8:00AM-11:30AM CT.  The theme is:  #rebootyourbusinessforglboalgrowth.  Register NOW!

Lead (Gold) sponsor is Associated Bank with support from Foley & Lardner.

Below is a listing of the speakers.  If you look at the graphic above with the circle, follow top left clockwise.  

• Steve Greenspon (top left), Chief Executive Officer, Honey-Can-Do International
• Michael Jones, Michael A. Jones, II., International Sales Division Leader, Avlon Industries, Inc. 
• Shital Daftari, Founder and CEO, Saris and Things & SNT Biotech 
• Tom Britz (lower right), President and CEO, Glacier Hops Ranch 

Additional speakers who are also award-winning exporters (look at graphic in the lower area):

• David Kniepkamp (bottom left), President and CEO, Smart Controls LLC (lower left)
• Amy Bosco, Director of Global Business Development, Beekley Medical (lower right)

Speakers will discuss how they are leveraging the lessons from the global pandemic, the war in Ukraine, high inflation, global supply chain challenges, and a rise in interest rates – all while still growing and focusing on the future of global business.  During panel discussions you will learn their best-kept secrets to driving results for a business.

Special guests include, but are not limited to:  Marc Schulman, President of The Eli's Cheesecake Company and Richard Paullin, Executive Director, International Trade Association of Greater Chicago.  We've also invited Chicago Mayor Lori E. Lightfoot.

Full lineup of speakers can be found here.

Added to our list of specialness, is e-vendor, Boomerang Carnets.  They've supported us before and we look forward to working with them again this year during our breakout rooms.  

We also have Il SBDC International Trade Center, Southern Illinois University Edwardsville as a supporting organization this year.

Tickets run from $10 (student ticket), to $20 (general ticket), to $200 (ticket and one e-vendor table). 

Visit the website for more details and to register: https://globalsmallbusinessforum.com.  Network like crazy, learn what it takes to thrive in the global marketplace, and walk away with new insights to bring your business to new heights.

Note: The forum is also known for its fun raffle prizes at the end. Who knew by attending that you could potentially win a world famous Eli's Cheesecake, Tiffany's article or cool houseware item?  You must be present to win!  See you there.    

Only 9 Days Left to Register for the Biggest and Best Global Small Business Forum on the Planet

©2022 Global TradeSource, Ltd.  All rights reserved.

You won't want to miss the biggest and best 7th Annual Global Small Business Forum on the planet held virtually on Friday, October 21st from 8:00AM-11:30AM CT.  The theme is:  #rebootyourbusinessforglboalgrowth.

Lead sponsor is Associated Bank with support from Foley & Lardner.

Below is a listing of the speakers.  If you look at the graphic above with the circle, follow top left clockwise.  

• Steve Greenspon (top left), Chief Executive Officer, Honey-Can-Do International
• Michael Jones, Michael A. Jones, II., International Sales Division Leader, Avlon Industries, Inc. 
• Shital Daftari, Founder and CEO, Saris and Things & SNT Biotech 
• Tom Britz (lower right), President and CEO, Glacier Hops Ranch (winner of 2022 Small Business Exporter of the Year Award!)

Additional speakers who are also award-winning exporters:

• David Kniepkamp (bottom left), President and CEO, Smart Controls LLC
• Amy Bosco, Director of Global Business Development, Beekley Medical (recent winner of The President's "E" Award!)

Speakers will discuss how they are leveraging the lessons from the global pandemic, the war in Ukraine, high inflation, global supply chain challenges, and a rise in interest rates – all while still growing and focusing on the future of global business.  During panel discussions you will learn their best-kept secrets to driving results for a business.

Special guests include, but are not limited to:  Marc Schulman, President of The Eli's Cheesecake Company and Richard Paullin, Executive Director, International Trade Association of Greater Chicago.  We've also invited Chicago Mayor Lori E. Lightfoot.

Full lineup of speakers can be found here.

Added to our list of specialness, is e-vendor, Boomerang Carnets.  They've supported us before and we look forward to working with them again this year during our breakout rooms.  

We also have Il SBDC International Trade Center, Southern Illinois University Edwardsville as a supporting organization this year.

Tickets run from $10 (student ticket), to $20 (general ticket), to $200 (ticket and one e-vendor table). 

Visit the website for more details and to register: https://globalsmallbusinessforum.com.  Network like crazy, learn what it takes to thrive in the global marketplace, and walk away with new insights to bring your business to new heights.

Note: The forum is also known for its fun raffle prizes at the end. Who knew by attending that you could potentially win a world famous Eli's Cheesecake, Tiffany's article or cool houseware item?  You must be present to win!  See you there.    

Today in Global Small Business: Small Table Maker Vintage Industrial Takes on Alibaba's Fakes

©iStock/8vFanl

What's affecting me, my clients, my colleagues and other global small business owners:

• Learn five takeaways from the ICC World Trade Agenda Day.
• Jack Ma's bold promise—that Alibaba would help create 1 million jobs in the U.S. over five years.
• Souq.com — which sells health and beauty products and electronic goods — has become the highest-valued internet company in the Middle East.
• Why should you export?
• The financial and cultural considerations to importing for small businesses.
• How a small table maker Vintage Industrial takes on Alibaba's flood of fakes.

Do You Need to Hire a Customs Broker on Your Import?

iStockphoto/Thinkstock

I get asked time and time again by readers - do I need to hire a customs broker or what documentation is required to ensure a smooth and seamless importation on products?

In the article below, I address what is required in the import entry process, who can make the entry, what documentation is required and what happens if no person files for entry of goods (you'd be surprised at how often this happens).

Major takeaway: Importing goods without researching entry requirements in advance can be a costly experience. Take a look at what's important.

Read the entire article:  Importing:  Entry of Goods