The global trade landscape has been in constant flux since the beginning of 2025. Amid a flurry of executive actions, evolving tariff structures, and high-stakes negotiations, staying informed is more important—and more difficult—than ever. Here's a breakdown of the latest developments shaping US trade policy and its key relationships. Reciprocal Tariff Suspension A major area…
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WHITE PAPER PREVIEW Canadian exporters face a dynamic global trade environment, especially when trading with the United States and expanding to other international markets. The NOD framework – Navigating the Risks, Optimization, and Diversification – provides a strategic approach to strengthen global trade success. This guide lays out each NOD component with focused strategies, followed by the five foundational…
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US Customs and Border Protection (CBP) has intensified its enforcement of the “first sale” valuation method, emphasizing rigorous adherence to established criteria. The "first sale" principle allows importers involved in multi-tiered transactions to declare the transaction value between the manufacturer and the middleman, potentially reducing import duties compared to declaring the value between the middleman…
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Effective July 19, the changes outlined in Docket 2025-1 will significantly impact the structure of the National Motor Freight Classification (NMFC) system. As the industry pivots towards a more standardized and efficient classification structure, businesses must be proactive in understanding these updates and their potential impacts. Changes in Docket 2025-1 The NMFC Guide is transitioning…
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A recent Executive Order issued by the White House has realigned the application of overlapping tariff authorities, particularly those related to national security—Section 232— and the International Emergency Economic Powers Act (IEEPA). Under the revised framework, the Executive Order preserves the current treatment for auto parts. This means that if a product is subject to…
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On June 3, 2025, President Trump signed a proclamation doubling tariffs on imported steel and aluminum—from 25 percent to 50 percent. The change took effect just hours later, at 12:01 am ET on June 4. According to the administration, the move aims to protect national security by strengthening domestic production of critical materials. The increased…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective June 15, 2025, and July 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. June 15, 2025: General Rate Increase – Transpacific Eastbound To all…
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Today, the Office of the United States Trade Representative (USTR) announced the extension of certain tariff exclusions under the Section 301. These exclusions, which were previously set to expire on May 31, 2025, will now remain in effect through August 31, 2025. The extension provides importers with additional time to benefit from relief on specific products subject to…
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The US Court of International Trade has ruled that President Trump lacked the authority to impose broad import tariffs under the International Emergency Economic Powers Act (IEEPA). The ruling stems from two lawsuits—one by small import businesses and another by a coalition of states—challenging the legality of the tariffs. The court clarified that Section 232…
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US Customs and Border Protection (CBP) has released updates to its FAQ section on the application of reciprocal tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The revised guidance clarifies the treatment of in-transit goods and expands considerations for feeder vessel shipments under the reciprocal tariff provisions. FAQs Directly from CBP What is…
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