The U.S. has reinstated and expanded tariffs on steel and aluminum imports, imposing a 25% duty on all shipments effective March 12, 2025. This move removes previous exemptions for key trading partners like Canada, Mexico, and the EU, prompting industry-wide concerns over rising costs, supply chain disruptions, and potential trade retaliation.
The U.S. has postponed the removal of duty-free treatment for low-value shipments from China, allowing more time to implement effective tariff collection. The delay aims to prevent supply chain disruptions while addressing enforcement challenges tied to synthetic opioid trafficking.
CBP has implemented new restrictions under President Trump’s Executive Order, curtailing de minimis-qualifying shipments from China and Hong Kong. Importers must now file formal or informal entries and pay all applicable duties, taxes, and fees, with CBP rejecting ineligible shipments.
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.
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.
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.
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.
The CBSA has announced temporary relief from late payment penalties and interest until March 31, 2025, with key dates set for penalties and collection measures to resume.
Discover the key updates in the USMCA Interim Final Rule effective March 2025, including new regulations for automotive goods, textiles, and trade compliance. Learn how these changes impact vehicle certifications, recordkeeping, and duty programs.
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.
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