Partnership hosts a packed Power Lunch on E-commerce and Foreign Trade
INDUSTRY - The Partnership hosted over 150 attendees yesterday at a special Power Lunch event that provided expert advice to business owners on how to successfully engage in e-commerce and expand into foreign markets. The Power Lunch was co-sponsored with Partnership Board Member Bank of America Merrill Lynch, who generously provided lunch, as well as the KCAL Insurance Agency. It was held at iDream Space in City of Industry.
Adam Uttley, a partner at KPMG, introduced his colleague, Kameelah Kareem, Senior Manager of Indirect Tax Services at KPMG, who provided an in-depth presentation on the hazards business face who engage in e-commerce. Complications to e-commerce have arisen following the notable Wayfair court decision from earlier this year, which has reset federal law on interstate e-commerce for businesses. Click here to download the full presentation.
Kyung Yun Lee, Senior Manager for Trade and Customs at KPMG, gave the next presentation on the volatile global market in trade which faces uncertainty due to the new U.S. tariffs which have been enacted by the Trump Administration this year. This has brought about reprisals from other countries and difficulties for companies around the world. KPMG's expert analysis encourages businesses to examine their goods classifications and product country of origin to see if they fall under the new tariffs or not. Click here to download the full presentation.
The event closed with remarks by Jennings Imel of the U.S. Chamber of Commerce. The Chamber is the largest business organization in the world and has been a fierce critic of the new tariffs. He encouraged businesses to go online and discuss how the tariffs are affecting their companies.