Trade Agreement Articles

On March 1, 2018, President Trump announced his intention to impose a 25% tariff on steel and a 10% tariff on aluminum imports which came into effect May of 2018. The U.S., Canada, and Mexico would reach a deal to remove the steel and aluminum tariffs in May 2019. Many of us in the brokerage …

The U.S. CBP have put together a web page full of resources regarding the upcoming USMCA/CUSMA trade deal that will go into effect in a month. The following resources have been made available: The USMCA website provides an informative FAQ’s online here: https://www.cbp.gov/trade/priority-issues/trade-agreements/free-trade-agreements/USMCA IE Canada CUSMA Working Group provides insight with Questions for CBSA below: From …

The U.S. Trade Representative (USTR) went forward with a new set of exclusions for Chinese origin goods subject to Section 301 additional duties appearing on List 4A. These new exclusions are predominantly for medical-related products, covering five complete 10-digit Harmonized Tariff Schedule (HTS) numbers, and seven newly prepared product descriptions, which amount to a total …

On December 10th, 2019, a new trade agreement between the countries of North America was signed: the Canada-United States-Mexico Agreement, or CUSMA. The original version of this trade agreement is known as NAFTA. For twenty-five years, NAFTA eliminated the tariffs on many goods passing between the Canadian, U.S., and Mexican borders, and facilitated trade between …

On November 30th, 2018, a new trilateral trade agreement between Canada, the U.S., and Mexico was signed. This trade agreement goes by many names depending on which country observers originate from: USMCA if observed in the U.S., T-MEC in Mexico, and ACEUM in the French-speaking parts of Canada. For most Canadians, you’ll come to know …

Canada has a surprisingly large number of free trade agreements with other countries. Though you may have only heard of such deals as NAFTA and CETA, which feature prominently in the news due to their recent emergence or erratic renegotiations, Canada is actually involved in an astounding 15 trade agreements, which has vast implications toward …

Please be advised the CPTPP will be starting up December 30th Tariff code 33 is to be used if we have a certificate https://www.cbsa-asfc.gc.ca/publications/cn-ad/cn18-22-eng.html There is no specific document and it could be on the invoice itself – but the invoice would require the Classification and origin criteria to be a proper document The rules are …

We are very pleased to announce that Canada and the U.S. have reached a tentative new trade agreement! The framework agreement, which is set to revise the current North American Free Trade American (NAFTA), has been renamed the United States-Mexico-Canada Agreement (USMCA). There are several changes proposed under this new agreement, but for the most …

As trade tensions rise, it is important to understand why there is tension among the NAFTA countries. A trade war is an economic dispute between two or more countries. This dispute begins when one country imposes tariffs on the goods and services of another country. The affected country will then often impose countermeasure tariffs on …

U.S. President Donald Trump said Thursday that he’s now ready to renegotiate the North American Free Trade Agreement after speaking to both Canadian Prime Minister Justin Trudeau and Mexico’s Enrique Pena Nieto. One day after the White House floated a trial balloon about drafting an executive order to withdraw from the North American Free Trade …