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US Authorities Warn Trade Finance Lenders of Sanctioned Goods Exported to Russia
US authorities have recently warned trade finance lenders that they may be unknowingly facilitating exports of sanctioned goods to Russia, with funds potentially moving through the US financial system. The Kremlin’s intelligence service has reportedly been tasked with finding ways to circumvent sanctions and export controls to replace military equipment damaged in its war with…
Aluminum Association: Continued Industry Growth Depends on Tariff, Quota Free North America
During testimony at the U.S. International Trade Commission (USITC) today, Aluminum Association President & CEO Heidi Brock highlighted the urgent need for full, quota-free tariff exemptions for Canada and Mexico as part of the newly-renegotiated U.S.-Mexico-Canada Agreement (USMCA). The comments were made as part of the USITC’s hearing, United States-Mexico-Canada Agreement: Likely Impact on the U.S….
US/Mexico/Canada Agreement Strengthens American Workers and Competitiveness – Heidi Heitkamp
If you can’t move production to avoid tariffs like the companies in the story below, make sure to get the training you need. Make sure you are properly classifying products and applying the correct tariff rates. Don’t take a risk, get training here.[/vc_message][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] At 25 years old, the North American Free Trade Agreement (NAFTA) is…
The 6 Basic Components of Starting an Import Business and Understanding Customs
While “globalization” has become a buzzword in the past two decades thanks to the internet, international trade has existed for more than two thousand years. Lucky for us, starting an import or export business no longer involves traversing the 5,000 mile stretch of what was known as the Silk Road. The ability to advertise on…
Mexico seeks US talks over car-rules dispute under trade pact
Mexico is seeking formal consultations with the U.S. over rules for cars shipped across regional borders under a year-old trade agreement as it seeks to de-escalate a conflict that emerged last month. The Mexican government wants the talks in order to avoid or settle a potential dispute over the requirements the U.S. is imposing on…
Navigating Drought Challenges: Panama Canal Authority Considers Adjusting Vessel Transits
The Panama Canal is a vital waterway connecting the Atlantic and Pacific Oceans, enabling efficient global trade. However, the recent drought in the region has presented challenges for the Panama Canal Authority (ACP). In this blog, we will explore how the ACP is handling the impact of the drought on vessel transits and their efforts…