Two days after the new Trump administration announced steep tariffs on Canada, Mexico, and China, Canada and Mexico announced plans of retaliatory tariffs. The leaders met today in negotiations, just hours ahead of the 12:01am deadline and came to agreements that will delay any tariffs on Canada and Mexico for at least 30 days.
The ongoing discussions surrounding the GSP renewal present a pivotal moment for businesses engaged in international trade. Understanding these potential benefits is crucial for informed decision-making and can bring a sense of optimism about the future of your business.
Understanding and complying with customs regulations is essential for ensuring smooth international shipping. With global markets becoming increasingly interconnected, businesses must grasp various customs requirements to avoid delays and streamline their operations.
With increased trade volumes between the U.S. and Mexico, the border is a pivotal point for international trade. Three Presidential permits have recently been issued that will certainly take a step in the right direction toward alleviating commercial border congestion.
The explosion of cross-border freight into Mexico is a multifaceted trend reshaping the landscape of international trade. It’s being driven by strategic business decisions, favorable trade agreements, and significant infrastructure investments.
The SAT in Mexico released Carta Porte version 3.0, which went into full effect at the end of March. This version modifies the original bill of lading requirement. Failure to comply with these new regulations could lead to monetary fines, issues with customs clearance, potential seizure of cargo, and shipping delays. Learn more.
According to the Reverse Logistics Association, reverse logistics operations account for anywhere from 3-15 percent of the U.S.’s GDP – which is estimated between $360… Read More »What is Reverse Logistics?
Early in March, the U.S. House of Representatives formed a bi-partisan caucus to help both current and future supply chains. The formation could not have… Read More »U.S. House of Representatives Has New Tool to Assist Supply Chains
2020 is the beginning of a new decade, and with it, the logistics industry will see some significant new trends. Alongside these new trends are… Read More »Top Logistics Trends in 2020
Trade negotiators have come to an agreement on key areas of contention in the new USMCA trade policy. Talks in the U.S. had been stalled… Read More »Lawmakers Ready to Make a Deal