#tradeXpresso: we’re entering an age where #Mode5Services are in the autonomous driving seat.

www.cnn.com/2023/10/18/b...

#tradeXpresso: if you thought #Mode5Services don’t have tariff implications, you had a big blind spot!

ecipe.org/blog/cyber-s...

#Mode5services change the HS classification and the tariffs applied. Courtesy of @taichikawazoe.

Ironic, no? As #Mode5Services should be duty free…

Well, I am in charge of the trade in goods 📦. So, yeah, I guess I am in charge of #Mode5Services as well! kluwerlawonline.com/journalartic...

#tradeXpresso: best way to start here is with a “signature” move: a quiz about #Mode5Services.

Under EU outward processing, the import tariff on embedded software, aka Mode 5 is:

A. 100%
B. Duty-free
C.The same tariff as on the good containing it
D. It depends on the origin of the software

#tradeXpresso Valentine:
Roses are red,
Violets are blue,
Tariffs are bad,
But trade fans, keep cool!

#Mode5Services thrive,
Mini-deals spark cheer,
Strong supply chains
Bring love all year!