Find out what the latest trade developments are from - the U.S. and UK agreeing to put a 5-year hold on retaliatory tariffs to Canada requesting USMCA dispute panel over solar products safeguard tariffs, we've detailed these and much more for you here.
U.S. lawmakers introduced legislation earlier this week aiming to make it easier for businesses that believe they are victims of intellectual property theft to block imports made with their trade secrets.
A bipartisan group of 40 senators earlier this week called on U.S. Trade Representative Katherine Tai to renew all expired Section 301 tariff exclusions and to reinstate a process for granting additional exclusions in future.
With the notification to Congress, the U.S. became the third country to have completed its domestic legislative procedures needed to implement the deal, the final step necessary for the USMCA to take effect this summer. However, some are doubtful the three countries can achieve a comprehensive implementation in such a short time.
Frequently highlighted by many as a positive outcome from renegotiation of the North American Free Trade Agreement, the new trade deal between the Canada, Mexico and the United States raised the so-called de minimus thresholds under which low-value parcels can be imported duty/tax free, usually with a simplified customs process.