The U.S., Switzerland, and Liechtenstein have agreed on a trade framework with 15% tariffs to boost exports, investment, and U.S. jobs. Update: USTR’s Federal Register notice makes certain tariff reductions retroactive to 12:01 a.m. ET, November 14, 2025. CBP issued guidance on applying the modified rates under the trade framework.
Canada has introduced measures to support its steel and lumber industries, including a 25% tariff on certain steel products, reduced freight rates, homebuilding initiatives, and financial aid. On December 12, 2025, steel TRQs under item 82 were updated. The Q3 period starts December 26, with permit applications accepted 15 days prior.
Canada launched public consultations on four free trade agreement negotiations with India, the United Arab Emirates, Thailand, and Mercosur. The consultations support Canada’s export diversification strategy and invite businesses and stakeholders to shape negotiating priorities through submissions open until January 27, 2026.
The U.S. Trade Representative is requesting public comments on USMCA automotive rules to inform its third biennial review. Feedback will address compliance, regional value content, labor and material requirements, enforcement, and relevance to new technologies, including electric vehicles. Comments are due by January 7, 2026, via the USTR portal.
The U.S. confirmed tariff changes on South Korean goods under the U.S.–Korea Strategic Trade and Investment Deal. Tariffs on automobiles and parts are retroactive to Nov. 1, 2025, while other goods take effect Nov. 14. Duties under 15% are capped at 15%, with higher rates unaffected. Update - Changes to Reciprocal Tariff HTS number for reporting 15% duty .
CBSA finalized dumping duties on carbon and alloy steel wire from China, India, Italy, Vietnam, Malaysia, Portugal, and other countries. Provisional duties remain until the CITT issues its injury ruling by January 2, 2026, protecting domestic industry during the inquiry.
Have your say on CBSA’s Valuation for Duty Regulations! Canadian importers are invited to provide feedback on revised amendments to the Valuation for Duty Regulations, ensuring fair and clear rules for importing goods into Canada. Participate by email or survey before January 23, 2026, and help shape regulations that impact import compliance, duty valuation, and trade competitiveness.
The U.S. and U.K. reach a pharmaceutical trade agreement. U.K. drugs and medical technology are exempt from U.S. tariffs, while the U.K. increases payments for new medicines. The deal strengthens supply chains, encourages investment, and supports fair pricing for American patients.
Canada released Customs Notice 25-30 detailing how importers can claim duty and tax relief on goods tied to the 2026 FIFA World Cup. The update sets rules for temporary and permanent imports, documentation, eligibility, and new CARM authority codes.
Canada released regulations for the Free Trade and Labour Mobility in Canada Act, outlining how federal rules will recognize provincial standards, support labour mobility, and preserve key exemptions for food safety and supply-managed sectors. The Act takes effect on January 1, 2026.
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