Mexico and the European Union (EU) have agreed to update their existing free trade agreement to further improve an already positive trade relationship. According to data from Descartes DatamyneTM, $73 billion USD worth of goods was traded between the two regions in...
Any company that relies on cross-border supply chains or sales needs to track and be ready to respond to the changing trade policies affecting global markets. The best way for businesses to stay ahead of these changes is through a robust Global Trade Management...
Recent agreements with South Korea to impose a quota on steel imports (instead of a 25% tariff); to lower KORUS FTA barriers to U.S. cars, trucks and auto parts. The end result may impact U.S.-South Korea trade patterns. Just before implementing new tariffs of 10% on...
The world’s leading trade partners, the U.S. and China, are implementing tariffs on a growing list of goods. With new U.S. tariffs on Chinese goods, companies that rely on imports or exports need solutions to keep pace with wide-ranging, rapid-fire changes in the...
Imposed by presidential proclamations March 8, effective March 23, the new U.S. aluminum and steel tariffs do not apply to imports from NAFTA partners Canada and Mexico. Commerce Dept. is accepting applications to exclude products needed by domestic downstream...
The U.S. is making greater use of economic and trade sanctions as tools of foreign policy, extending their reach to more targets around the world ... creating new compliance pitfalls for companies that do business on a global basis. The U.S. is leaning in on economic...
Delivering on a promise to defend domestic industries, the U.S. raises protective tariffs on solar panels, washing machines; finds cause for new duties on alloy aluminum sheet from China. New protective tariffs on solar panels, washing machines and (coming soon) alloy...
Early signs indicate a substantial effect on frozen U.S. beef exports to Japan as the one of the largest U.S. beef destinations looks to other suppliers. Late July, Japan announced that they would be using a safeguard measure that allows for raising tariffs should...
ITC determination in AD/CVD investigation finds PET resin imports dumped on U.S. market materially injured domestic producers, paves the way for new tariffs. Meanwhile, build-out of PET production for export stalls. The U.S. International Trade Commission (ITC) has...
OFAC and BIS rule changes reverse some – but not all – liberalized polices on travel and trade with Cuba; the Cuba Restricted List lengthens. Treasury Dept.’s Office of Foreign Assets Control (OFAC) has announced that the Cuban Assets Control Regulations will be...
