Port Laredo #1 in two-way trade.

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Photo by Yigithan Bal on Pexels.com

They say everything is bigger in Texas and Port Laredo is no exception.

According to census data analysis by WorldCity, for the second time in a year, Port Laredo has occupied the number 1 spot out of 450 international gateways, with a recorded 18.6 billion in two-way trade for the month of February. At the number 2 spot for recorded trade of $17.2 billion, the Port of Los Angeles. Port Laredo also surpassed the Port of Los Angeles in March 2918.

World City attributed LA’s second place ranking to the US-China trade war and corona virus pandemic impacting LA and the state of California.

Port Laredo is located in South Texas along the U.S. Mexico border and includes four vehicle bridges, international rail bridge and an international airport. World City expects Port Laredo to continue holding the lead as the Port of Los Angeles seaport will be impacted by the corona virus and ongoing trade war.

Questions about importing/exporting? Contact experienced trade law attorney David Hsu by phone/text at 832-896-6288 for a no cost or obligation consultation. Email attorney.dave@yahoo.com, dh@gjatradelaw.com.

CBP seizes $45k in unreported currency.

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Image of the seized currency, source: CBP.gov

According to a U.S. Customs and Border Protection (CBP) media release, the Office of Field Operations (OFO) in Laredo seized over $45,000 in undeclared currency in a single event over the weekend.

Officers seized the currency from a new 2020 Toyota Avalon traveling to Mexico during examination. A physical inspection revealed $45,147 in undeclared currency. As a result, the vehicle and cash was seized by CBP. In this instance, the vehicle, cash and seizure was turned over to U.S. Immigration and Customs Enforcement-Homeland Security Investigations (ICE-HSI) special agents for further investigation.

In general, if your seized goods are referred to HSI, then there will likely be a criminal investigation into the seized goods.

If you have had your goods seized in the Port of Laredo or any of the over 400 ports of entry into the US, contact experienced seizure attorney David Hsu by phone/text at 832-896-6288 or by email attorney.dave@yahoo.com, dh@gjatradelaw.com.