TradeLane

On July 12^th, the UK government published a whitepaper specifying broadly their proposal for a post-Brexit relationship with the European Union. This much-anticipated document outlines the UK Government’s best-case scenario on customs and trade policy after the separation. The below details reflect the UK Government’s desired outcome, not the final agreement between the UK and EU.

U.S. Customs and Border Protection has been instructed to begin collecting Section 301 duties on 818 products of China origin at the rate of 25% effective July 6^th.

The total value of the targeted goods is $50 billion.

List 1, which was implemented on July 6^th, is valued at $34 billion and the second list of products is expected to hit importers once the comment period ends.  List 2 is valued at approximately $16 billion. 

This week we feature guest author Alan Owen, Director of Customs Services, Europe at Expeditors, Tradewin's parent company. 

Speculation continues as to “what sort of a deal” will be struck between the European Union and the United Kingdom with regards to trade in goods and customs matters in a post Brexit environment.

Recent advances in the negotiation process have allowed both the United Kingdom and the European Union to move to the next phase, which will be to start discussing a future trading and customs environment and the implementation of the transitional period.

It is probably not an exaggeration to say that the results of the Malaysian General elections in May of this year took nearly everyone by surprise... But with a Trump-Kim meeting happening, four time champions Italy not making the FIFA World Cup, and Loki actually dying in an Avengers movie, is there anything that really surprises anyone anymore?

On May 31st, the Canadian Department of Finance issued a notice of intent to impose tariffs on certain product of US origin imported into Canada. I usually impart some humour into my blogs or attempt to at least, however these are some pretty significant and serious countermeasures.