Trade Updates
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Supreme Court Strikes Down IEEPA Tariffs (Updated)
The Supreme Court ruled that IEEPA does not authorize the President to impose tariffs, ending reciprocal, fentanyl, and Brazil-related measures effective February 23, 2026. CBP guidance issued on February 22, 2026 confirms termination of IEEPA duty collection and deactivation of related HTSUS numbers in ACE beginning February 24, 2026.
U.S. 10% Section 122 Tariff In Effect Feb. 24; IEEPA Tariffs IEEPA Tariffs Cease; De Minimis Suspension Continues (Updated)
On February 20, President Trump imposed a 10% ad valorem duty under Section 122 of the Trade Act of 1974, effective February 24 for 150 days. Related executive orders direct agencies to wind down IEEPA tariffs and maintain the suspension of de minimis treatment. CBP's latest guidance confirms de minimis suspension and updated filing requirements.
Canada Revises Hardwood Export Directive D-14-02 to Include Chestnut and Oak for EU
The CFIA issued the eighth revision of Directive D-14-02 on February 19, 2026, adding chestnut and oak under new EU export requirements. The two-lined chestnut borer is now a regulated pest. Exporters must register, follow treatment and certification rules, and comply with systems-based phytosanitary standards for EU shipments.
U.S. and Indonesia Finalize Trade Deal
The U.S. finalized a trade agreement with Indonesia, removing tariffs on over 99% of U.S. exports while maintaining a 19% reciprocal tariff. The deal addresses non-tariff barriers, strengthens digital trade and intellectual property protections, and includes $33 billion in commercial agreements across energy, aerospace, agriculture, and critical minerals.
CITT Releases Final Injury Ruling on Cast Iron Soil Pipe from China
The CITT confirmed that dumped and subsidized cast iron soil pipe imports from China injured Canadian producers. Anti-dumping duties of 444.2% and countervailing duties of 1,550.44 CNY per metric tonne are now in force under SIMA, with compliance handled through the CBSA’s CARM system.
Canada Requests Feedback on Dairy Import Updates
The Canada Border Services Agency requests stakeholder feedback on updates to Memorandum D10‑18‑7, covering dairy imports and the Import Control List. Comments must be submitted in track changes to Stephanie Nakamura by March 5, 2026, ensuring regulations remain accurate, compliant, and aligned with current trade agreements and industry standards.
Canada Wheat Products TRQ Closes February 19, 2026
Canada’s 2025–2026 wheat products tariff rate quota (TRQ) will fill at 20:59 p.m. EST on February 19, 2026. “Within access commitment” tariff items will close, and any imports accounted for after the cut-off will be classified under over access rates. General Import Permit No. 20 will be suspended for the affected goods until July 31, 2026.
CFIA Updates Common Names for Ingredients and Components
The Canadian Food Inspection Agency (CFIA) amended the Common Names for Ingredients and Components, updating terminology for milk and modified milk ingredients and their French equivalents. The Industry Labelling Tool reflects these changes. Businesses have until Jan. 1, 2030 to update food labels to comply with the new requirements.
U.S. and North Macedonia Reach Agreement on Reciprocal Trade
The United States and North Macedonia finalized a trade agreement to strengthen economic ties. North Macedonia will remove tariffs on all U.S. industrial and agricultural goods. The U.S. will maintain a 15% tariff on most North Macedonian products, with select items at 0%. The deal also addresses non-tariff barriers, digital trade, and energy security.
CBSA Updates Mass Adjustment Submission Rules
CBSA Customs Notice 26-03 updates mass adjustment submission rules effective February 2, 2026. Importers must submit Form BSF987, follow line consistency and reason code order rules, and ensure CAD adjustments comply with CARM requirements. Non-compliant cases will be rejected, and statutory time limits will not be protected.
Canada Invests $75M in AgriMarketing Program to Expand Agricultural Exports
Canada launches two Market Diversification streams under the AgriMarketing Program, with $75 million over five years to help industry organizations and Small and Medium-sized Enterprises reach new global markets. Priority sectors include canola, pulses, pork, fish, and seafood. Applications open Feb. 13, 2026, with full details on the program website.
U.S. and Bangladesh Reach Reciprocal Trade Agreement
The U.S. and Bangladesh finalized a Reciprocal Trade Agreement to expand bilateral trade. Bangladesh lowers duties on U.S. goods, while the U.S. applies a 19% reciprocal tariff, with selected products eligible for zero tariffs. The deal addresses non-tariff barriers, labor, environment, digital trade, and includes $3.5B in agriculture and $15B in energy deals.
U.S. and India Reach Framework for Interim Trade Agreement (Updated)
The U.S. will apply an 18% reciprocal tariff on select Indian goods, while India reduces or eliminates duties on U.S. industrial and agricultural products. On February. 9, 2026, a Fact Sheet confirmed the removal of the additional 25% tariff on Indian imports tied to Russian oil, with CBP guidance issued for correcting entries.
U.S. Ends De Minimis Exemption (GHY Added as a Qualified Party)
Effective August 29, 2025, the U.S. ended its longstanding de minimis duty exemption for most low-value imports, requiring formal customs entries. CBP updates its list of qualified parties to collect duties on international mail shipments. In January 2026, GHY eBiz was added, providing an integrated solution for compliant, cost-efficient eCommerce clearance.
Trump Orders Tariffs on Countries Trading with Iran
On February 6, 2026, Trump signed a proclamation to expand U.S.' beef tariff-rate quota by 80,000 metric tons, allocating all additional lean beef trimmings to Argentina. This move addresses domestic shortages caused by drought, wildfires, disease restrictions, and declining cattle herds, ensuring sufficient ground beef supply at in-quota duty rates.
Trump Signs Proclamation to Import More Beef from Argentina
On February 6, 2026, Trump signed a proclamation to expand U.S.' beef tariff-rate quota by 80,000 metric tons, allocating all additional lean beef trimmings to Argentina. This move addresses domestic shortages caused by drought, wildfires, disease restrictions, and declining cattle herds, ensuring sufficient ground beef supply at in-quota duty rates.
U.S. Imposes 25% Tariff on India Imports in Response to Russian Oil (Lifted Feb. 7, 2026)
The U.S. lifted the 25% tariff on Indian imports on February 7, 2026, which was initially imposed on August 27, 2025, due to India’s continued Russian oil imports. The removal follows India’s commitments to halt Russian oil imports, boost U.S. energy purchases, and expand defense cooperation, signaling a shift in trade policy.
U.S. and Argentina Agree on Reciprocal Trade and Investment Framework (Updated)
The U.S. and Argentina agreed on a framework to expand trade, investment, and economic partnership, covering tariffs, standards, IP, agriculture, labor, environment, and digital trade. Additional tariffs on Argentine goods are capped at 10% above MFN rates. The U.S–Argentina Agreement on Reciprocal Trade and Investment (ARTI) was formally signed on Feb 5, 2026.
Section 232 Tariffs on Heavy/Medium-Duty Vehicles (U.S. Content Procedures for USMCA-Eligible Imports)
On October 17, 2025, President Trump imposed Section 232 tariffs on medium- and heavy-duty trucks, certain truck parts, and buses to support U.S. industry and supply chains. Tariffs took effect November 1, 2025, with CBP providing filing guidance. On February 2, 2026, USMCA procedures allowed tariffs to apply only to non-U.S. content.
Canada Announces New Preliminary Trade Agreement with China (Updated)
Following Prime Minister Carney’s visit to Beijing, Canada agreed to expanded trade and investment measures with China. Key highlights include lower tariffs on canola and seafood, Chinese EV imports at 6.1% tariff, and joint investment in clean energy, technology, manufacturing, and agri-food, supporting exports, jobs, and stronger economic ties. A backgrounder has been made available.
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