Trade Updates2025-02-02T05:16:48+00:00

Trade Updates

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CARM Updates

CARM is now Canada's official system for collecting duties and taxes, which impacts both large and small importers. Discover everything you need to know in our guide.
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China Retaliates With Tariffs and Trade Restrictions in Response to U.S. Tariffs

February 4th, 2025|Risk Management, Trade Compliance, U.S. Customs|

China has responded to the latest U.S. tariff hikes with countermeasures, including additional tariffs on key American imports, expanded export controls on critical minerals, and new regulatory actions targeting U.S. businesses. These measures, set to take effect in early February, could significantly impact global supply chains and trade operations.

U.S. Delays Tariffs on Canada and Mexico, Enforces China 10% Tariff

February 4th, 2025|Canada Customs, Risk Management, Trade Compliance, U.S. Customs|

While the U.S. has postponed tariffs on imports from Canada and Mexico until at least March 1, 2025, a new 10% tariff on Chinese and Hong Kong-origin goods is now in effect. Importers must navigate new compliance requirements, including restrictions on Section 301, 321 shipments and FTZ admissions. Stay informed on exemption criteria and key deadlines to mitigate potential impacts on trade operations.

Escalating Trade Tensions: U.S. Imposes Tariffs, Canada and Mexico Retaliate [Updated]

February 3rd, 2025|Canada Customs, Risk Management, Trade Compliance, U.S. Customs|

The U.S. has ignited a trade dispute by imposing steep tariffs on imports from Canada, Mexico, and China, citing national security concerns. In response, Canada and Mexico are swiftly enacting retaliatory measures, setting the stage for a potential trade war that could disrupt supply chains, inflate consumer prices, and impact businesses across North America. With key industries like automotive, energy, and agriculture facing economic fallout, businesses must adapt quickly to mitigate supply chain disruptions and rising costs.

Key Details on U.S. Tariffs & Canada’s Retaliatory Tariffs

February 3rd, 2025|Canada Customs, Risk Management, Trade Compliance, U.S. Customs|

As U.S.-Canada trade tensions escalate, President Trump’s sweeping tariffs under the IEEPA have triggered immediate Canadian retaliation, including counter-tariffs on billions in U.S. goods. To soften the impact on domestic businesses, Canada has introduced a remission process for select companies to apply for temporary tariff relief. Get all the latest key details that you need to know.

U.S. Commerce Nominee Ties Tariff Relief to Border Security Actions, Threatens Two Phases of Tariffs on Canada

January 29th, 2025|Risk Management, Trade Compliance, U.S. Customs|

Howard Lutnick, Trump’s nominee for Commerce Secretary, signaled a crucial turning point in U.S.-Mexico-Canada trade by outlining a two-phase tariff plan that ties economic penalties to border security, immigration, and drug enforcement, with initial trade tariffs expected within days and broader tariffs in the spring.

Trump Threatens 25% Tariffs on Canada for Feb. 1

January 21st, 2025|Canada Customs, Risk Management, Trade Compliance, U.S. Customs|

President Donald Trump announced plans to impose 25% across-the-board tariffs on Canadian imports starting February 1, citing concerns about migration and fentanyl crossing the border. The announcement came during an Oval Office signing ceremony Monday evening, where Trump outlined his intention to overhaul the trade system to prioritize American workers and families.

GHY International Stays True to Winnipeg in Majority Sale to SeaFort

January 19th, 2025|GHY Messages|

Winnipeg Free Press columnist Martin Cash highlights GHY International's historic transition to majority ownership by Halifax-based SeaFort Capital. With a focus on preserving the Winnipeg company’s 124-year legacy, CEO Rick Riess ensured local roots and values remain central to the deal. Read more about the community-focused sale and what it means for Winnipeg’s business landscape.

U.S. Trade Round-Up: Latest Updates

January 8th, 2025|International Trade Issues, Other Government Agencies/Depts., Trade Compliance, U.S. Customs|

This week's U.S. Trade Round-Up highlights the USTR's Section 301 investigation into China's semiconductor policies, Mexico's new import duties under the IMMEX program, updates to antidumping and countervailing duty regulations, and the CPSC's rule mandating electronic filing for compliance certificates. It also covers CBP’s wood packaging compliance guidance, FDA’s revised Intended Use Codes, and preliminary AD/CV duties on aluminum containers from China. Stay informed on these developments and their impact on U.S. trade and compliance.

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