In a strategic and unilateral move, the U.S. government has extended its tariff pause from July 9 to August 1, 2025, and implemented new tariff rates for 14 countries, including key trade partners like Japan, South Korea, Malaysia, and Indonesia. On July 7, 2025, President Trump invoked the International Emergency Economic Powers Act (IEEPA), the National Emergencies Act, and the Trade Act of 1974, reaffirming a national emergency over … Read More
US to Slap 104% Tariff on China After Deadline Expires
In a significant escalation of trade tensions, the United States has confirmed the implementation of a 104% tariff on Chinese imports, effective 12:01 a.m. ET on Wednesday. This move follows China’s refusal to withdraw its 34% retaliatory tariffs on American goods by President Trump’s Monday deadline. The White House emphasized that this action aims to address longstanding trade imbalances and unfair practices by China. White … Read More
White House Suspends Tariffs on Canadian and Mexican USMCA Goods—AGAIN!
In an important development impacting trade relations within North America, the White House announced today that effective 12:01 a.m. EST on March 7, 2025, the recently imposed International Emergency Economic Powers Act (IEEPA)-based tariffs on goods from Canada and Mexico will be temporarily suspended for all products compliant with USMCA origin requirements. This temporary suspension will remain in effect until April 2, 2025, the date … Read More
Canada Hits Back with $155B in Tariffs on U.S. Goods
“The moment U.S. tariffs came into effect this morning, so did the Canadian response. Canada will be implementing 25% tariffs against $155 billion of American products. Starting with $30 billion worth of goods immediately, and the remaining $125 billion in 21 days’ time”, was a LinkedIn post from Canadian Prime Minister, Justin Trudeau. This decisive move by Prime Minister Trudeau marks a significant escalation in … Read More
New Guidance on Additional Tariffs for Canadian Imports
As of March 4, 2025, new additional duties on imports from Canada are officially in effect. These tariffs, imposed under Executive Order 14193, are part of the U.S. government’s efforts to combat the flow of illicit drugs across the northern border and strengthen national security. If your business imports goods from Canada, it’s crucial to understand the changes and ensure compliance with U.S. Customs and … Read More
Zero Hour: Trump’s Tariffs on Canada, Mexico, and China Take Effect
The wait is over. After weeks of speculation and debate, President Donald J. Trump has officially imposed tariffs on imports from Canada, Mexico, and China. These sweeping measures, effective today, mark a bold move in the administration’s effort to tackle drug trafficking, illegal immigration, and trade imbalances. While the world watched, markets braced for impact, businesses scrambled to adjust, and global leaders weighed their responses. … Read More
U.S.-China Trade War: Redrawing the Global Economic Landscape
As the U.S.-China trade war heats up again, the world’s two largest economies are at a pivotal juncture. With the second Trump presidency and escalating tariffs, China’s economic strategies and its ambitions to become a high-tech powerhouse face renewed scrutiny. Trump’s Trade Agenda and Its Global Ripple Effect Donald Trump’s proposed tariff hikes, which could reach as high as 60% on Chinese goods, represent a … Read More