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,…

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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…

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Section 232 Tariffs: Key Updates on Steel & Aluminum Imports

Section 232 Tariffs: Key Updates on Steel & Aluminum Imports

UPDATED—March 21, 2025 Effective March 12, 2025, a 25 percent tariff will be applied to all imports of steel articles and derivatives and the tariff on aluminum articles and derivative products will increase from 10% to 25%. Presidential Proclamations 10895 and 10896—Adjusting Imports of Steel and Aluminum in the United States—have subjected additional steel and…

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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…

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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…

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Adjusted Civil Penalties for 2025

Adjusted Civil Penalties for 2025

Bureau of Industry and Security (BIS), Commerce Department, and Department of State have adjusted their civil monetary penalties to account for inflation. Below is a summary of the increases. EAR Civil Violations Maximum civil monetary penalties for violations of the Export Controls Act of 2018 from $364,992 to $374,474. Effective January 15, 2025. AES Filings 13 U.S.C.…

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