Showing posts with label trade commission. Show all posts
Showing posts with label trade commission. Show all posts

Wednesday, February 12, 2025

USAFacts: What are tariffs and how do they work?

  • The US collected $77 billion in tariffs in 2024, making up 1.6% of federal revenue. Tariffs haven’t comprised more than 2.0% of total annual revenue since the 1960s. 
  • Congress holds constitutional authority over tariffs but has delegated much of it to the president through legislation. Customs and Border Protection enforces tariff collections based on the type of goods, quantity, and country they come from. 
  • USAFacts: What are tariffs and how do they work?
    USAFacts: What are tariffs and how do they work?
    As of October 2024, the average tariff rate for bringing goods into the US is 3.4%. However, it varies based on the product, cost, quantity, and relationship with the exporting country. 
  • The US follows World Trade Organization rules that standardize tariffs across member nations, but 14 free trade agreements and special exceptions allow for lower rates with specific partners. 
  • When the US raises tariffs, US companies importing international goods pay those tariffs. This can indirectly raise prices for American consumers.
Continue reading more about tarrifs from USAFacts ->

Who is behind USAFacts? -> https://usafacts.org/about-usafacts/


Thursday, January 19, 2023

Representative Jeff Roy reports on his recent trade mission to San Miguel, Azores, and Lisbon, Portugal

Rep. Jeffrey N. Roy (D-Franklin) joined several Massachusetts legislative officials on a trade mission to San Miguel, Azores, and Lisbon, Portugal, to meet officials and discuss issues of importance to both sides, including economic development, educational partnerships, maritime security, and green energy initiatives. While there, Roy met with Portuguese and United States officials to discuss these issues of mutual interest.

Rep Jeff Roy and what else but wind turbines in the background!
Rep Jeff Roy and what else but wind turbines in the background!


The visit included meetings with Azores President Jose Manuel Boleiero, Mayor Pedro Nascimento Cabral, U.S. Consul to the Azores Margaret Campbell, historian José de Almeida Mello (chief librarian of the Ponta Delgada Municipal Library and the cultural attaché of Ponta Delgada City Hall), Catolica Rector Isabel Capeloa Gil, Pouguese Secretary of Internationalization Bernardo Ivo Cruz, and U.S. Ambassador Randi Charon Levine. It also included stops at the Nonagon Technology Park, the University of the Azores, Católica University, the Palacio das Necessidades, FLAD, the Jose do Canto Palace and Gardens, Palacio Sant Ana, Santo Christopher Sanctuary, and Hassamaim Synagogue.

“Massachusetts and Portugal are great friends and I was honored to travel with the delegation to foster and strengthen the ties between the our state and the Portuguese nation,” said Rep. Roy. “Our talks focused on shared common democratic values and concerns, international relations, energy, education, and the Inflation Reduction Act which was passed in August 2022. Portugal is a gateway to Europe and it is essential to have cooperation between the countries on the two sides of the Atlantic.”

Augusto Athayde, Count of Albuquerque, commented that it is important “to develop and strengthen the good and prosperous relationship between the Azores and Portugal and the USA, and especially with Massachusetts, where so many Azorean families have set and organized their lives, and therefore by doing so, promoted the development of links between both our great countries.”

Rep Roy poses with the group
Rep Roy poses with the group


While there, the delegation also experienced some of the local culture and landmarks including traditional folkloric dance, a traditional fado dinner, the Sanctuary at Fatima, the Monastery at Batalha, and the historic towns of Nazare and Obidos.

No taxpayer funds were expended on the trip and each member of the delegation personally paid for the costs of the flights, accommodations, and meals.

Jeff


Jeffrey N Roy
State Representative (Franklin & Medway)
Chair - Joint Committee on Higher Education
State House - Room 43
617-722-2030

Additional photos Rep Roy shared of the trip can be found in one album ->


Wednesday, October 25, 2017

FTC Alert: Getting a call from 877-382-4357? Hang up.



Federal Trade Commission Consumer Information

by Andrew Johnson
Consumer Education Specialist, FTC
 

Scammers are using fake caller ID information to trick you into thinking they're someone who can be trusted. The practice is called caller ID spoofing, and scammers can fake anyone's phone number.
Read more

This is a free service provided by the Federal Trade Commission.


Federal Trade Commission · 600 Pennsylvania Ave., NW · Washington, DC 20580 · 1-877-382-4357

Wednesday, October 18, 2017

Business License Scams: A Barrier for Reentrants



Federal Trade Commission Consumer Information
by Lisa Lake
Consumer Education Specialist, FTC


Many reentrants don't believe they will ever get a business license through the usual channels. That makes them vulnerable to scams. Some reentrants may find themselves frustrated by occupational licensing regulations that don't make sense. Maybe their trade is licensed in some states, but not others. That's confusing.

If you're looking to get a professional or business license, here are three things you should do before you pay anyone money:

Read more


This is a free service provided by the Federal Trade Commission.

Saturday, October 14, 2017

Got student loan debt? Don’t be scammed.



Federal Trade Commission Consumer Information
by Ari Lazarus
Consumer Education Specialist, FTC

If you've got student loan debt, you've probably seen ads or been contacted by companies promising they can help. Some are scams – and the FTC is going after them.

Today the FTC announced Operation Game of Loans, a joint FTC and state law enforcement sweep against student loan debt relief scammers. The operation includes seven actions filed by the FTC, with five new cases announced today.

Read more

This is a free service provided by the Federal Trade Commission.