Trade Updates
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USTR Opens Comment Period on Reciprocal Tariffs
The U.S. Trade Representative is calling for public input to help identify and address non-reciprocal foreign trade policies—here’s how you can have your say before the March 11 deadline.
U.S. 25% Tariff on Canada and Mexico Imports In Effect March 4th
Trump’s executive order imposing a 25% tariff on Canadian imports and a 10% levy on energy was delayed until March 4 after Canada agreed to new border security measures. At a White House press conference with French President Emmanuel Macron on February 24, 2025, Trump confirmed, “The tariffs are moving forward as planned, on schedule.”
U.S. Announces Investigation to Impose Reciprocal Tariffs on Other Countries
On February 13, 2025, President Donald J. Trump initiated a comprehensive trade investigation to assess and counteract non-reciprocal trade practices, aiming to establish fair and balanced tariffs on foreign imports.
‘Chaotic moment’: How Trump threw a wrench in the gears of Canadian e-commerce
The sudden shift in trade policy has left businesses scrambling to adapt. “Calling it disruptive is an understatement,” said Mackenzie West, GHY's Director of Market Development, who was featured in this Financial Post article as companies rushed to reevaluate inventory, pricing, and supply chains. Behind the scenes, warehouses and logistics providers struggled to comply with the de minimis cancellation, delaying shipments and clogging fulfillment centers.
U.S. Tariffs on Steel and Aluminum Imports In Effect March 12, 2025
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.
U.S. Delays Implementation of De Minimis Ban on Chinese E-Commerce
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.
Processing De Minimis Shipments from China through ACE (CBP Guidance)
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 Retaliates With Tariffs and Trade Restrictions in Response to U.S. Tariffs
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.
Escalating Trade Tensions: U.S. Imposes Tariffs, Canada and Mexico Retaliate [Updated]
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
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
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.
CARM Timeline on Late Payment Penalties and Interest
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.
Interim Final Rule for USMCA Implementing Regulations
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.
Trump Threatens 25% Tariffs on Canada for Feb. 1
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.
CARM Relief Period on Late Accounting Ends on Jan. 19, 2025
Canada Customs has issued a reminder regarding the transition measures which provided temporary relief from late accounting penalties will end on January 19, 2025.
GHY International Stays True to Winnipeg in Majority Sale to SeaFort
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 International Announces SeaFort Capital Investment
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.
DHS Adds 37 More Companies to the Forced Labor List (UFLPA)
DHS expands the Uyghur Forced Labor Prevention Act (UFLPA) Entity List to 144, adding 37 companies linked to forced labor in Xinjiang, effective November 25, 2024. Find out if your imports are affected.
Reporting on Country of Melt and Pour on Steel Mandatory Jan. 21
Effective January 21, 2025, steel importers must report the Country of Melt and Pour (COM)—where raw steel is first melted and poured—through the Single Window Integrated Import Declaration (SW IID) as a mandatory condition for import compliance.
CBP Proposes New Regulations on De Minimis/LVS Shipments
CBP’s new proposed rule on low-value (de minimis) shipments could reshape trade—discover how these changes aim to curb illicit activity, enhance transparency, and challenge importers to rethink their compliance strategies.
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