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.
Canada Customs has issued a reminder regarding the transition measures which provided temporary relief from late accounting penalties will end on January 19, 2025.
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.
GHY is proud to announce that it has received a majority investment from SeaFort Capital, a Canadian private equity firm. This investment includes Geo. H. Young & Co. Ltd. and GHY USA Inc., marking a pivotal moment in the company’s history.
Established in 1901, GHY International is a leading trade and brokerage services provider that offers acclaimed support and guidance to North American companies that trade internationally.
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