UPDATE: 4/11/2025—The ongoing trade tensions between the United States and China have escalated once again, with both countries continuing to impose retaliatory tariffs in response to each other's measures. In a recent development, the White House issued an Executive Order announcing a significant increase in tariffs on Chinese imports, raising them from 84 percent to…
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President Donald Trump has suspended the country specific reciprocal increases, and currently the all-country reciprocal rates remain at 10 percent. The European Union responded by pausing its own retaliatory countermeasures, signaling a possible cooling of recent trade tensions. The announcement came during a press conference at Trump National Doral in Florida, where the president framed…
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In response to the Trump administration’s latest tariff announcement, both China and Canada have rolled out retaliatory tariffs aimed at the US. As these retaliatory actions unfold, businesses in both China, Canada, and the US will be forced to navigate a more complex and unpredictable global marketplace. China's Response to “Liberation Day” Beginning April 10,…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective April 15, 2025, and May 1, 2025. These GRIs will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. April 15, 2025: General Rate Increase – Transpacific Eastbound To all…
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On April 2, 2025, President Donald Trump announced sweeping reciprocal tariffs aimed at promoting US manufacturing and addressing trade imbalances. The measures include a universal 10 percent tariff on all imported goods starting April 5, with significantly higher rates for specific countries, including 34 percent on China (on top of existing tariffs bringing the minimum…
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To revive shipbuilding in the US and curb China’s influence in marine shipping, the Trump administration drafted an executive order back in February to impose a port fee on any vessel built or operated from China that enters a US port. The proposed fee, supported by a report from the US Trade Representative (USTR), could…
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In today’s complex global trade environment, businesses engaged in importing and exporting must take a proactive approach to compliance. Conducting a thorough risk assessment of your supply chain is not just a best practice—it’s essential to mitigating risks associated with customs audits, penalties, and potential supply chain disruptions. Understanding Compliance & Reasonable Care Customs authorities,…
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Canada has announced a 25 percent tariff on a wide range of US-origin goods, in response to the US government's continued tariffs on Canadian steel and aluminum products. These tariffs, amounting to $29.8 billion in affected products, took effect at 12:01 am on March 13, 2025. The newly imposed tariffs specifically target goods originating from…
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What is a derivative? A derivative article is a product made from a primary material, such as auto parts, cookware, nails, or furniture. What steel or aluminum derivatives are subject to additional duties under Section 232? On February 10, 2025, the President issued Proclamation 10895 and 10896 on Adjusting Imports of Aluminum and Steel into…
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President Trump has announced a postponement of the 25 percent tariffs on certain goods from Mexico and Canada that were set to go into effect March 4, 2025. The pause applies to goods from Mexico and Canada that comply with the United States-Mexico-Canada Agreement (USMCA), the trade deal negotiated during Trump’s first term. Amendments have been…
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