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

Trade Updates

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Canada Seeks Input on New Trade Agreement Negotiations

December 16th, 2025|Canada Customs, Canada Imports, International Trade Issues, Trade Compliance|

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.

USTR Issues Section 301 Tariff Action on Nicaragua Starting Jan. 1, 2026

December 11th, 2025|Risk Management, Trade Compliance, U.S. Customs|

The USTR has announced Section 301 tariffs on Nicaraguan imports due to labor rights, human rights, and rule of law concerns. Effective January 1, 2026, tariffs will phase in over two years for goods not originating under the CAFTA-DR agreement, starting at 0% in 2026 and increasing to 15% by 2028. These measures will stack with existing trade remedies, including the 18% Reciprocal Tariff. Importers should review CAFTA-DR eligibility and plan for compliance with new trade regulations.

USTR Seeks Public Input on USMCA Automotive Rules

December 10th, 2025|International Trade Issues, Trade Compliance, U.S. Customs, U.S. Tariffs, United States Imports|

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.

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).

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