Insights

How Is China Responding to US Tariffs?

February 04, 2025.
Logistics Publications, Trade Publications

A 10% tariff on Chinese origin goods, prescribed by President Trump in an Executive Order (EO) on February 1, went into effect on February 4, 2025. The same EO directed that Chinese goods would not be eligible for importation under the de minimus administrative exemption allowing duty-free entry for shipments under $800 USD. Collectively,...

America First Trade Policy: The White House’s Trade and Economic Agenda in Motion

February 04, 2025.
Logistics Publications, Trade Publications

Since his election victory on November 5, 2024, the international trade community has postulated about US President Donald Trump’s trade policies, comparing the policies of his 2016 term with various official statements from his campaign and with the statements he has made on his social media. The memorandum released by the...

Understanding the New Tariffs Against Articles from Mexico, Canada, and China: Fast Facts

February 03, 2025.
Logistics Publications, Trade Publications

Understanding the New Tariffs Against Articles from Mexico, Canada, and China: Fast Facts US Customs and Border Protection (CBP) has published documents implementing the additional duties against articles of China prescribed by the Executive Orders (EOs) published by President Trump on February 1, 2025. Here are the key facts regarding these...

Potential Tariff Increase on Computer Chips

January 29, 2025.
Trade Publications

Donald Trump, while speaking to House Republicans on January 27 advised that he would be increasing tariffs on foreign made computer chips and semiconductor devices. Trump said, "In the very near future, we are going to be placing tariffs on foreign production of computer chips, semiconductors, and pharmaceuticals to...

“Tariff Diplomacy” means Tariff Volatility: Colombia and the Trump Presidency

January 27, 2025.
Logistics Publications, Trade Publications

On Sunday, January 26, 2025, The President of Colombia, Gustavo Petro barred two military flights from the USA from landing in his country. The flights contained deportees of Colombian citizens, and President Petro claimed he would not accept the flights because they constituted an afront to the dignity of the deportees. ...

Artificial Intelligence – Trade Compliance Applications

January 23, 2025.
Trade Publications

Artificial Intelligence (AI) has made leaps and bounds in the last few years. If you can remember when Apple released their AI companion, "Siri" in October of 2011, it was a breakthrough in how humanity interacted with technology. As of 2024, artificial intelligence can do more than just search the internet or...

Where is the Trade War? An Update on Trump’s Trade Plan at the Beginning of His Term

January 22, 2025.
Logistics Publications, Trade Publications

On January 20, 2025, the newly inaugurated President Trump signed 118 executive orders (EOs) before the proverbial sun set on his first day in office, but businesses and trade stakeholders in the US, Mexico, and Canada alike watching avidly for an EO pertaining to tariffs against Mexico and Canada need not have stayed...

U.S. Blacklists China’s Largest Shipping Line Amid Rising Geopolitical Tensions

January 16, 2025.
Logistics Publications, Trade Publications

The United States has recently blacklisted China’s largest shipping line, Cosco Shipping Holdings Co., along with two shipbuilders, China State Shipbuilding Corp. and China Shipbuilding Trading Co., due to alleged links with the People’s Liberation Army. This move, announced in a Federal Register filing, designates these...

European Union and Mercosur Strike a Deal with Free Trade Agreement

January 02, 2025.
Trade Publications

After 25 years of negotiating, the European Union and Mercosur countries (Argentina, Bolivia (newly), Brazil, Paraguay, and Uruguay) have established terms for a Free Trade Agreement. Proponents of the deal claim it will save $4.26 billion in duties each year – highlighted products include Italian wine, Argentine steak, and German Volkswagens. ...

Section 321 – Does Not Exceed $800 – Release 2

January 02, 2025.
Logistics Publications, Trade Publications

The exponential growth of e-commerce has resulted in more shipments than ever clearing, duty-free, under the section 321 de minimis exemption. For example, in 2024, more than one billion packages were cleared in this manner. Using section 321 when it is not applicable allows importers to underpay customs duties and skirt reporting requirements...

Prepare Like a Pro: Organizing and Retaining Documents for 1099 Filing

January 02, 2025.
Tax Publications

Proper organization and retention of essential documents are critical for maintaining compliance, ensuring accuracy, and streamlining administrative processes. Establishing a systematic approach to document management not only saves time but also reduces the risk of errors or penalties due to missing or misplaced records. In this guide, we outline best...

A Trade War With…Canada? Proposed Tariffs Against the North as well as East

December 31, 2024.
Logistics Publications, Trade Publications

Less than a month after his election win, President-elect Donald Trump disabused anyone holding the notion that his trade sanctions were targeted only at China by announcing he would sign 25% blanket tariffs against all products imported from the USA’s other two top trading partners, Mexico and Canada, adding...