U.S. and South Korea Confirm Trade Deal Ahead of August 1 Deadline
July 31, 2025.
Trade Publications
The U.S. and South Korea have announced a trade agreement that sets 15% tariffs on South Korean goods, including vehicles, averting the previously threatened 25% rate. The agreement reflects $350 billion in South Korean investment in the U.S, with a commitment of $150 toward shipbuilding under the “Make American Shipbuilding Great...
Read MoreCopper Tariff Announcement Shakes Markets Ahead of August 1 Implementation
July 31, 2025.
Trade Publications
The U.S. copper market experienced dramatic swings this week following President Trump’s announcement of a 50% tariff on semi-finished copper products and copper-intensive goods (e.g., cables, connectors, electrical components), effective August 1. To view the list of Copper HTSUS: Click here. While the tariff excludes refined copper...
Read MoreCanadian Surtax Updates
July 29, 2025.
Logistics Publications, Trade Publications
Amidst the uncertainty of these interesting times, it can be a challenge to keep up to date with various tariffs, retaliatory measures and surtaxes. Thankfully, the Canadian Department of Finance has kept its latest update, regarding the Tariff Rate Quotas applied to steel, short and sweet. The Canadian Government is...
Read MoreU.S. and E.U. Reach Trade Agreement Framework
July 29, 2025.
Logistics Publications, Trade Publications
The U.S. and the E.U. have reached a trade agreement that sets a 15% U.S. tariff on most European goods, averting a potential trade conflict between two of the world’s largest economic partners. The agreement, announced after weeks of intensive negotiations, establishes a framework intended to...
Read MoreU.S. – Philippines Trade Agreement Finalized
July 24, 2025.
Trade Publications
The U.S. and the Philippines have finalized a comprehensive trade agreement that strengthens economic ties and advances defense collaboration between the two allies. The deal reflects a shift in regional strategy as both nations look to reinforce cooperation amid growing geopolitical tensions in the Indo-Pacific. The main terms of...
Read MoreU.S. – Japan Strike High-Stakes Trade Agreement Ahead of Tariff Deadline
July 23, 2025.
Trade Publications
On Tuesday evening, the U.S. and Japan finalized a sweeping new trade agreement, averting a 25% blanket tariff that was set to take effect on August 1. Announced by President Trump and confirmed by Japanese Prime Minister Shigeru Ishiba, the deal represents a major breakthrough in the on-going negotiations of the...
Read MoreIndonesia Lands U.S. Trade Win While Courting the EU
July 17, 2025.
Logistics Publications, Trade Publications
Indonesia Secures a Trade Agreement with the U.S. In a deal announced by President Trump and confirmed by Indonesian President Prabowo Subianto, the U.S. has agreed to reduce its tariff on Indonesian goods from 32% to 19%. In exchange, Indonesia committed to a range of major purchases from the U...
Read MoreTrump Announces 30% Tariff on E.U. and Mexico
July 14, 2025.
Logistics Publications, Trade Publications
On July 12, President Donald J. Trump announced via social media that the United States will impose a 30% tariff on goods imported from the European Union (E.U.) and Mexico, effective August 1. If implemented, the new rate will replace the existing IEEPA reciprocal tariffs of 10% for the E.U. and 25% for...
Read MoreDOJ Shifts Focus to Trade and Customs Fraud
July 14, 2025.
Logistics Publications, Trade Publications
The U.S. Department of Justice (DOJ) is shifting its enforcement priorities from healthcare, federal program, and procurement fraud to trade, tariff, and customs fraud committed by corporations. This change follows a Goldman Sachs report estimating that tariff evasion may have accounted for as much as $90 billion in U.S....
Read MoreNew Reciprocal Tariff on Canada
July 11, 2025.
Logistics Publications, Trade Publications
President Donald J. Trump issued a formal notification to Canada on July 10, advising that a reciprocal tariff of 35% will take effect August 1 on most U.S. imports from the country. This new tariff replaces the tariff of 25% that the administration imposed on Canada, effective March 4, under the International Emergency...
Read MoreU.S.-U.K. Economic Prosperity Deal
July 11, 2025.
Logistics Publications, Trade Publications
Executive Order 14309 – June 16, 2025 The U.S. and the U.K. have agreed to a historic trade agreement that reduces the tariff on U.K. vehicle and vehicle parts that are exported to the U.S. It also provides duty-free treatment on civil aircraft engines and components and lays...
Read MoreNew Reciprocal Tariffs and Copper Duty Announced by President Trump
July 10, 2025.
Trade Publications
President Donald J. Trump has issued formal notifications to eight additional countries regarding new reciprocal tariffs set to take effect on August 1, 2025. These tariffs replace the previously announced Liberation Day tariffs, which were scheduled to begin on July 9 but were postponed to allow more time for bilateral trade negotiations. Here...
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