As businesses brace for 2025, the European Union will introduce significant updates to the Harmonized System (HS) of tariff classification, effective 1 January 2025. These changes, encapsulated in the Combined Nomenclature (CN), are vital for companies engaged in international trade to ensure accurate classification and compliance. The upcoming revisions reflect advancements in statistical requirements, commercial policies, and technological developments.
Topics: Europe, Tradewin, Tariffs, HS Classification
The United States Trade Representative has opened a portal for submission of exclusion requests under Docket ID: USTR-2024-0020, “Requests for Temporary Exclusion for Machinery Used in Domestic Manufacturing.”
Topics: United States, Section 301, Manufacturing, Tariffs
In late August of this year, the Canadian government, in a proactive move, issued a notice of intent to charge surtaxes on steel and aluminum that originates in China. The Canadian government has diligently monitored China's steel and aluminum production to ensure it does not harm global trade in these products.
