The Canadian Border Services Agency (CBSA) has released its audit priority list for January 2024. Twice a year, the CBSA reevaluates its “audit priority areas”, this is to ensure that commercial goods are being imported following trade rules. The CBSA evaluates three main components—tariff classification, valuation, and origin for custom verification. The CBSA believes that…
Read More »
This Lunar New Year ushers in the Year of the Dragon, bringing week long factory closures across Asia. Labor shortages are expected in terminals, warehouses, brokers, and other relevant parties.Most businesses will be closed in observance of the following holidays:Mainland China—Lunar New Year / Spring Festival: February 10-17Hong Kong—Chinese New Year: February 10-13Vietnam—Lunar New Year…
Read More »
The European Union (EU) and the United States (U.S.) have reached an agreement that will continue the suspension of the previous rebalancing tariffs, until March 31, 2025. In return, the U.S. will also continue to hold off on its Section 232 tariffs of 25% on EU steel and 10% on EU aluminum—imposed in 2018. By…
Read More »
© 2024 Mohawk Global OTI No. 003952NF Terms of Use Privacy Policy