Allegion
The current CEO of Allegion.
Who is John Stone.
Government-mandated limitation on either quantity or the value of trade in a product.
What is a quota.
These type of duties are protectionist tariffs that a domestic government imposes on foreign imports that it believes are priced below fair market value.
What are Antidumping duties.
FTA that replaced NAFTA.
What is the USMCA.
An American entrepreneur purchased this bridge from England for $2.46 million, then had it shipped to the U.S. and entered duty free as an antique.
What is the London bridge.
Allegion business that was awarded the first patents for cylindrical and push-button locks.
What is Schlage Lock Co.
Specific quota barrier that allows a certain quantity of good into a country at low tariff rates, but then apply a higher tariff to quantities that exceeds the quota.
What is a tariff rate quota.
This type of tariff is a measure in which one country imposes tariffs on imports from another country that has already imposed tariffs on the first country's exports.
What is a reciprocal tariff.
Month and year the USMCA is up for review by the governments of Canada, Mexico, and the U.S.
July 2026.
Location of the first U.S. Customs office.
What is Boston.
Allegion business that invented the panic release bar in 1908.
What is Von Duprin.
The imposition of economic or political restrictions, such as trade restrictions, asset freezes, or travel bans.
What are sanctions.
These types of duties are imposed on imported goods to offset subsidies given to producers or exporters in the exporting country.
What are countervailing duties.
The U.S. backed out of this multilateral trade agreement in Jan, 2017.
What is the Trans Pacific Partnership.
The year that U.S. Customs was established.
1789.
Company Allegion acquired from Stanley Black and Decker.
What is Stanley Access Technologies.
An official ban on trade or other commercial activity with a particular country.
What is an embargo.
These types of duties are fixed fees based on a specific amount per unit of the imported goods, such as a certain amount of dollars per ton, liter, or item.
What are specific duties.
This FTA includes China and the ten member states of the Association of Southeast Asian Nations.
What is the ASEAN–China Free Trade Area (ACFTA).
CBP offers this program, that allows expedited clearance for pre-approved, low-risk travelers upon arrival in the United States. This program helps to facilitate faster and more efficient international travel.
What is Global Entry.
LCL
What is low cost lock.
A payment to a firm or individual that ships a good abroad.
What is an export subsidy.
These types of duties are imposed on goods when they are transported across international borders. They are typically calculated based on the value of the goods.
What are Customs Duties.
This FTA includes many EU and Mediterranean countries.
What is the Pan-Euro-Mediterranean Free Trade Area (PEM FTA).
During this period, U.S. Customs played a significant role in intercepting smuggled alcohol.
What is Prohibition.