Trade Updates
We are more than just a customs broker – we’re knowledge leaders. Stay compliant and save on your bottom line with recent updates.
Subscribe!
Stay in the loop, stay compliant! Get weekly or daily insights into all things trade and event invites, delivered right to your inbox.
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.
U.S. Trade Round-Up: Latest Updates
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.
CBSA’s 2025 (January) Trade Verification Priorities
Will the updated January 2025 CBSA Trade Verification Priorities affect your business? What should you do if you've imported targeted goods? Find out the answers to these, and all the details you need to know here.
The U.K. Joins CPTPP: Boosting Opportunities for Canada
Discover how the U.K.'s historic accession to the CPTPP strengthens its partnership with Canada, unlocks new markets, bolsters supply chains, and enhances both nations' global trade competitiveness.
Co-CEO & President’s Message: GHY Gives Thanks & Donates to Local Charities
GHY reflects on a year of gratitude, partnership, and community impact, announcing heartfelt donations to local charities in Canada and the USA while extending warm holiday wishes to clients, associates, and their families. Read on here.
Duty-Free No More? U.S. Proposes Changes to the De Minimis Exemption
The Biden Administration's proposed reforms to the de minimis exception aim to tighten trade enforcement, reduce tariff evasion, and increase compliance requirements for low-value imports—potentially reshaping the landscape for businesses; learn more about the implications and how to prepare.
Secure Your GST/HST Savings: Steps to Claim Import Tax Relief
Learn how to qualify for Canada's temporary GST/HST relief on imported goods and take action to maximize your tax savings before the deadline of February 15, 2025.
GST/HST Tax Relief for Importers
Importers can benefit from temporary GST/HST relief on qualifying goods from December 14, 2024, to February 15, 2025. Learn how this program applies to your imports, the eligible goods list, and key details to claim your exemption and/or refund.
Section 301 Tariff Increases on Select Imports from China
Section 301 tariff increases on tungsten products, solar wafers, and polysilicon, including specific HTSUS codes and rates are coming in January 2025, find out if your products are affected.
25% Tariff Looms Over Canadian Exports to the USA – How GHY Can Help
Trump's proposed 25% tariff threatens Canadian exports—find out all the details you need to know, and how GHY is here to help.
Canada Opens Consultations on New Reporting Rules for Importers and Exporters to Combat Financial Crime
Finance Canada has released draft regulations introducing new reporting requirements for importers and exporters to address proceeds of crime, terrorist financing, and sanctions evasion, now open for public consultation.
CBP to Seize Aluminum Products Linked to Forced Labor by Dominican-Based Chinese Company
Imported products from a Chinese-owned company operating in the Dominican Republic, will face seizure and forfeiture at U.S. ports of entry. Discover details on the enforcement actions, impacted HTSUS codes, and how to report violations. Details here.
Canada’s Updated Tariff Programs for Jan. 1, 2025
As Canada prepares for sweeping updates to its tariff programs - General Preferential Tariff (GPT) and Least Developed Country Tariff (LDCT), Canadian importers must stay ahead of the curve by understanding the key changes set to take effect across all programs on January 1, 2025. Details here.
Lacey Act Declaration Requirement In Effect
Importers of plant products into the U.S. under specified HTS codes must now file detailed Lacey Act declarations unless exemptions apply, as outlined by APHIS guidelines. Find out if your products apply, and how to file a declaration.
FDA Reminder: Use Accredited Labs for Food Testing Starting December 1, 2024
The FDA reminds importers and consignees that starting December 1, 2024, certain food tests, including for mycotoxins, must be conducted using FDA-accredited laboratories under the LAAF program.
Subscribe!
