US Announces Sweeping ​Reciprocal Tariffs on All Goods Imported

US Announces Sweeping ​Reciprocal Tariffs on All Goods Imported

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…

Read More »

9 Steps to Mitigate Risk in Global Trade

9 Steps to Mitigate Risk in Global Trade

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,…

Read More »

Canada Imposes 25% Retaliatory Tariffs on $29.8 billion in US Goods

Canada Imposes 25% Retaliatory Tariffs on $29.8 billion in US Goods

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…

Read More »

March 4 Tariff Hike: Increase on Canadian, Mexican, and Chinese Imports

March 4 Tariff Hike: Increase on Canadian, Mexican, and Chinese Imports

President Trump has announced that the 25 percent tariff on Canadian and Mexican-origin goods will take effect on March 4. Additionally, he stated that the existing 10 percent tariff on Chinese imports under the International Economic Emergency Powers Act (IEEPA)—which began on February 4, 2025— will increase to 20 percent, effective March 4, 2025. Here…

Read More »

Trump to Announce New 25% Steel, Aluminum Tariffs

Trump to Announce New 25% Steel, Aluminum Tariffs

UPDATE: 2/11/25-Starting March 12, 2025, a 25 percent tariff will be imposed on all steel and aluminum imports from every country. The executive order revokes all prior proclamations and agreements that previously granted exemptions, exclusions, or tariff suspensions through quotas. These tariffs will apply to steel and aluminum imports from Argentina, Australia, Brazil, Canada, the…

Read More »