Uncover the complexities, challenges, and creative solutions shaping our ever-evolving global landscape. From extended tax truces to fresh sanctions threats, and from payment delays to pioneering sustainability initiatives, prepare to be captivated by the dynamic narratives that lie within. US and European Countries Extend Truce on Digital Taxes Until Mid-2024 The United States and five…
The rapid growth of the solar industry in the United States has paved the way for new opportunities, not only domestically but also in international markets. However, as the US solar boom opens a $2 billion Indian door for imports, a new predicament emerges. A closer look reveals that some of these products originate from…
In the competitive world of global automotive trade, China has come tantalizingly close to dethroning Japan as the world’s largest car exporter. While it fell just shy of achieving this goal in 2023, China’s impressive growth highlights its emergence as a major player in the automotive industry. In this blog, we will explore the factors…
The International Monetary Fund (IMF) recently released an updated economic outlook, signaling a positive development for the global economy. The report forecasts a soft landing and an uplifted growth outlook for 2024. This upgrade comes alongside improved prospects for the two largest economies, the United States and China, citing a faster-than-expected easing of inflation as…
Agricultural trade in the United States is on track to experience a deficit for the third time in five years. As of November 2023, the U.S. has imported $20 billion more in agricultural products than it has exported, which could set a record for the largest deficit in a calendar year in nearly a century…
The global supply chain landscape is experiencing a major transformation as logistics companies adapt to shifting dynamics. With factors like political disruptions and the COVID-19 pandemic, manufacturers are increasingly investing in supply chain resiliency. Nearshoring, reshoring, and friendshoring are emerging trends that are becoming the focus of logistics companies. In this blog post, we will…
After 18 months of Western sanctions imposed on Russia in response to the country’s aggression against Ukraine, the effect on the Russian economy appears to be fading, particularly on the federal budget’s oil income. This is due to Russia’s ability to find ways around the sanctions, keeping the oil trade flowing smoothly. In this article,…
Are you a beginner at Importing Goods? Check out these 5 tips below: 1. Research the laws, trade barriers, and tariffs Basically, you want to make sure what you’re doing is legal before you try to import goods into the US and, potentially, run into trouble. The US might be known as a trade-friendly nation,…
I learned a new word recently: “goat-rope.” The safe-for-work definition is a big, confusing mess. While it can be used to describe many different situations, I thought it was a perfect description for the ways in which the United States makes origin determinations for products imported from Canada and Mexico. Fortunately, help to make things…
We Revisit Practical Advice for NAFTA and how it applies to USMCA It’s been a few months since USMCA officially became the new free trade agreement between the U.S., Canada, and Mexico. While we have seen a good number of companies jumping right in and adopting the new agreement, there may still be some out…
Why Exporting your product is a good idea Expanding your bottom line and selling to customers abroad is likely part of your business strategy or on your roadmap. It is no wonder why, according to a study by the Institute for International Economics, U.S. companies that export not only grow faster, but are nearly 8.5…
You may already know that NAFTA is on it’s way out and will be replaced by USMCA. We have had some sessions and conversations over the past few weeks and would like to share a few Fun (or not so Fun) Facts that we have complied based on questions from our clients or those looking…
