On March 12, 2025, President Donald Trump’s administration implemented a 25% tariff on all imported steel and aluminum, marking a significant shift in U.S. trade policy. This move aims to bolster domestic metal industries but has sparked widespread debate and concerns about potential economic repercussions. The decision to impose these tariffs was announced on February 10, 2025, with the intent to reduce reliance on foreign … Read More
CBP’s Update on Increased Tariffs for Imports from China and Hong Kong
The U.S. government has escalated its trade measures against China and Hong Kong, doubling additional duties on imports from these regions. As of March 4, 2025, new tariffs of 20% apply to most imports, reflecting the latest action under the Executive Order on the Synthetic Opioid Supply Chain signed on March 3, 2025. U.S. Customs and Border Protection (CBP) has provided updated guidance for businesses … 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
What Does the Renewal of the GSP Mean for Trade?
The Generalized System of Preferences (GSP) is a long-standing U.S. trade program aimed at fostering economic growth in developing countries while benefiting American businesses. By allowing duty-free imports of eligible products from designated countries, the GSP promotes economic stability abroad and provides U.S. companies with cost-effective access to essential goods. However, this program has been expired since December 31, 2020, leaving many traders in a … Read More