Trade Updates2025-04-03T17:17:19+00:00

Trade Updates

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U.S. Confirms South Korea’s 15% Tariff Rate Retroactive to Nov. 14 (Nov. 1 for Autos)

December 9th, 2025|International Trade Issues, Trade Compliance, U.S. Customs, U.S. Tariffs|

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 .

Have Your Say on CBSA Revisions to the Valuation for Duty Regulations

December 3rd, 2025|Canada Customs, International Trade Issues, Risk Management, Trade Compliance|

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.

U.S. Agricultural Tariff Exemptions Updated – Effective Nov. 13, 2025

November 17th, 2025|International Trade Issues, Risk Management, Trade Compliance, U.S. Customs|

The White House expanded U.S. tariff exemptions for agricultural products on November 14, 2025. CBP guidance covers 237 HTSUS classifications and 11 additional categories, including tropical fruits, acai, coconut water, and baked goods. Importers must use designated subheadings for smooth compliance.

U.S. and China Reach Landmark Trade Deal (CBP Guidance Available)

November 8th, 2025|International Trade Issues, Risk Management, Trade Compliance, U.S. Customs|

During the APEC 2025 meeting, Presidents Trump and Xi reached a landmark trade deal to rebalance U.S.-China economic relations and expand market access. On Nov. 4, the White House issued Executive Orders formalizing the agreement. Most recently, a CBP guidance on Nov. 7 confirmed the updated tariff rates, including the suspension of reciprocal tariffs and the reduction of fentanyl-related duties to 10%.

Blending Legacies with Care: How GHY International and W.G. McKay Unite Around People and Service

November 6th, 2025|GHY Messages|

GHY International’s acquisition of W.G. McKay is about continuity, care, and collaboration—blending two legacies with 235 years of combined customs brokerage experience. Clients can expect the same trusted team and processes, now supported by broader resources, smarter tools, and a shared commitment to excellence. Together, we’re reinforcing a standard of service that keeps trade moving with precision and accountability.

U.S. Applies a 25% Tariff on Imports of Autos and Parts – (Guidance on Duty Offset for Parts)

November 2nd, 2025|International Trade Issues, Trade Compliance, U.S. Customs|

The U.S. imposed a 25% tariff on imported automobiles, light trucks, and key parts under Section 232 to strengthen domestic manufacturing. On October 31, 2025, CBP released guidance detailing duty offset procedures for eligible importers, outlining how to file claims through the Automated Commercial Environment (ACE).

U.S.–Japan Agreement (Critical Minerals and Investment Updates)

October 29th, 2025|International Trade Issues, Trade Compliance, U.S. Customs|

CBP issued updated guidance on Sept.15, 2025, implementing the U.S.–Japan agreement, securing $550B in investment and applying a 15% baseline tariff on autos and parts. In a new Fact Sheet, the White House outlines Japan’s Critical Minerals and Rare Earths Framework and targeted investments in energy, AI, electronics, manufacturing, and U.S. supply chains.

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