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For about two minutes, GRIIT President and CEO shares weekly news and tips on: 1) What is going on in the international business community, 2) How global companies are affected, and 3) What companies should do to maneuver in an ever-changing global economy. This episode discusses the expiration of a key trade program on New Year's Eve, which will have a significant impact on U.S. importers and the exporters from particular countries and territories around the world in 2021. Note: Tariffs/duties, which refer to taxes on imports, are used interchangeably in the video for simplicity. However, a difference does exist between the two (read more at https://www.cbp.gov/trade/programs-ad.... The Harmonized Tariff Schedule, which is referenced in the video, can be found at the same link. The information shared in the video is for educational purposes only. The information and recommendations are not intended to serve as legal, tax, or brokerage advice. Viewers should still consult with the appropriate licensed professional for their individual needs and circumstances.