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What Do Small Businesses Really Think?
Small businesses are on the front lines of growth, accounting for two-thirds of new jobs and half of our country’s economic output. Their experiences and perspectives tell us a lot about where our economy is headed—and what our leaders in Washington should be doing to help. To dive deeper into the attitudes and concerns of…
NAFTA 2.0 – Modernizing the Free Trade Agreement
[Note: This blog posting is from an original post on LinkedIn found here] Following the inauguration of Donald J. Trump as President of the United States, our country’s trade agreements and trade policies face an uncertain future. Elected, in part, on a platform of trade reform and promises to bring manufacturing jobs back to the…
Canada quietly moves to resolve steel spat with Mexico
NAFTA partner’s exports now dodge 25 per cent tariff, but another U.S. trade threat looms Finance Minister Bill Morneau has quietly reversed a controversial decision to slap a surtax on two types of Mexican steel imports. Effective Feb. 2, up to a new limit, Mexican energy tubular products (such as those used to build pipelines) and…
Import Restrictions Possible for Unregistered Medical Device Facilities
Foreign and domestic medical device facilities that fail to renew their registrations with the Food and Drug Administration (FDA) may face import restrictions and be locked out of the U.S. market. It is crucial for owners or operators of such establishments involved in the production and distribution of medical devices intended for commercial distribution in…
Navigating the Complexities of Friendshoring in Canada’s Trade Strategy
As geopolitical issues continue to disrupt global supply chains, the Canadian government, like many others, is seeking to enhance friendshoring ties and trade with safe and friendly nations. However, a recent report from the Conference Board emphasizes the need for governments to establish firm goals and understand the downsides as well as the opportunities of…
GSP and Sets
Here’s a question. Assume pots and pans from Thailand individually qualify for duty-free entry into the United States under the Generalized System of Preferences (“GSP”). That means they have 35% of their value derived from Thai-origin materials or costs and are shipped directly from Thailand to the U.S. So far, so good. Now assume that…