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On 8 October 2023, the day after the Hamas attack on Israel, U.S. Secretary of Defense Lloyd Austin directed the Gerald R. Ford carrier strike group to the Eastern Mediterranean in response. Along with the aircraft carrier USS Gerald R. Ford, the group includes the cruiser Normandy, and the destroyers Carney, Ramage, Roosevelt and Thomas Hudner ...
Free shipping is a marketing tactic used primarily by online vendors and mail-order catalogs as a sales strategy to attract customers.
Online retailing is big business these days, with the top 500 Internet retailers growing by an average of 18% in 2011. E-commerce currently makes up about 8% of all retail sales, and that number ...
FOB stands for "Free On Board". There is no line item payment by the buyer for the cost of getting the goods onto the transport. There are two possibilities: "FOB origin", or "FOB destination". "FOB origin" means the transfer occurs as soon as the goods are safely on board the transport.
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...