Trade Updates2025-04-03T17:17:19+00:00

Trade Updates

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Canada Announces New Measures to Protect Steel and Lumber Industries

November 27th, 2025|Canada Customs, Canada Imports, International Trade Issues, Risk Management, Trade Compliance|

Canada announces measures to protect steel and lumber industries, including a 25% tariff on targeted steel products, reduced freight rates, homebuilding initiatives, and financial support for workers and businesses. These steps aim to strengthen domestic demand and help industries adapt to U.S. trade disruptions.

U.S. Agricultural Tariff Exemptions Updated – Effective Nov. 13, 2025

November 17th, 2025|International Trade Issues, Risk Management, Trade Compliance, U.S. Customs, U.S. Tariffs, United States Imports|

The White House expanded U.S. tariff exemptions for agricultural products on November 14, 2025. CBP guidance covers 237 HTSUS classifications and 11 additional categories, including tropical fruits, acai, coconut water, and baked goods. Importers must use designated subheadings for smooth compliance.

U.S. Lowers Tariffs to 15% in Historic Trade Deal with Switzerland and Liechtenstein

November 17th, 2025|International Trade Issues, U.S. Customs, U.S. Tariffs, United States Imports|

The U.S., Switzerland, and Liechtenstein reached a historic trade deal reducing tariffs to 15%, expanding market access for U.S. manufacturers and agricultural exporters, and securing $200 billion in investments. The agreement will create thousands of American jobs across multiple sectors.

U.S. and China Reach Landmark Trade Deal (CBP Guidance Available)

November 8th, 2025|International Trade Issues, Risk Management, Trade Compliance, U.S. Customs|

During the APEC 2025 meeting, Presidents Trump and Xi reached a landmark trade deal to rebalance U.S.-China economic relations and expand market access. On Nov. 4, the White House issued Executive Orders formalizing the agreement. Most recently, a CBP guidance on Nov. 7 confirmed the updated tariff rates, including the suspension of reciprocal tariffs and the reduction of fentanyl-related duties to 10%.

Blending Legacies with Care: How GHY International and W.G. McKay Unite Around People and Service

November 6th, 2025|GHY Messages|

GHY International’s acquisition of W.G. McKay is about continuity, care, and collaboration—blending two legacies with 235 years of combined customs brokerage experience. Clients can expect the same trusted team and processes, now supported by broader resources, smarter tools, and a shared commitment to excellence. Together, we’re reinforcing a standard of service that keeps trade moving with precision and accountability.

U.S. Applies a 25% Tariff on Imports of Autos and Parts – (Guidance on Duty Offset for Parts)

November 2nd, 2025|International Trade Issues, Trade Compliance, U.S. Customs|

The U.S. imposed a 25% tariff on imported automobiles, light trucks, and key parts under Section 232 to strengthen domestic manufacturing. On October 31, 2025, CBP released guidance detailing duty offset procedures for eligible importers, outlining how to file claims through the Automated Commercial Environment (ACE).

U.S.–Japan Agreement (Critical Minerals and Investment Updates)

October 29th, 2025|International Trade Issues, Trade Compliance, U.S. Customs|

CBP issued updated guidance on Sept.15, 2025, implementing the U.S.–Japan agreement, securing $550B in investment and applying a 15% baseline tariff on autos and parts. In a new Fact Sheet, the White House outlines Japan’s Critical Minerals and Rare Earths Framework and targeted investments in energy, AI, electronics, manufacturing, and U.S. supply chains.

U.S. and Malaysia Reach Agreement on Reciprocal Trade

October 27th, 2025|International Trade Issues, Risk Management, Trade Compliance, U.S. Customs|

The U.S. and Malaysia have reached a reciprocal trade agreement to expand market access for exporters, streamline tariffs and regulations, enforce labor and environmental standards, strengthen digital trade and IP protections, and open commercial opportunities across sectors including aerospace, energy, and critical minerals.

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