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Carbon Border Adjustment Mechanism: What It Is and How It Affects International Trade and Climate Change
The European Union (EU) has recently adopted a new policy that could help combat climate change and promote sustainable trade. The Carbon Border Adjustment Mechanism (CBAM) is a new tax on imports that is based on the amount of carbon dioxide (CO2) emitted during the production of goods. This policy is the first of its…
Trump Delays a Tariff Deadline, Citing Progress in China Trade Talks
WASHINGTON — President Trump delayed his own deadline to increase tariffs on Chinese goods on Sunday as his administration continues a months long effort to persuade Beijing to make significant structural changes to its economy that have so far proved elusive. Mr. Trump, in a tweet on Sunday, said he would delay a Friday deadline…
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…
Joining the CTPAT Program: A Smart Move for International Businesses
The Customs-Trade Partnership Against Terrorism (CTPAT) program is a voluntary program that provides benefits to importers and other parties involved in international trade in exchange for adopting supply chain security measures. The program was originally established as a cargo security program, but it has since been expanded to include the Trade Compliance Program (TCP) based…
Panama Canal to Reduce Ship Crossings Again Due to Drought
The Panama Canal, a vital trade route connecting the Atlantic and Pacific Oceans, is set to reduce ship crossings once again due to a severe drought. The Panama Canal Authority (ACP) recently announced that the number of daily booking slots will be significantly reduced to cope with the water shortage. This decision could have implications…
Crossborder Selling: What Small & Mid-Size Businesses Need to Know
Crossborder selling has become easy enough that small and medium-sized businesses from every corner of the economy want to take advantage of the global marketplace. According to research recently published by DHL Express, cross-border online retail is predicted to grow at twice the rate of domestic e-commerce until 2020. But for small and medium-sized businesses with…