TradeLane

Recent updates to Section 232 tariffs have significantly increased the cost and complexity of importing aluminum, steel, and copper into the United States. Steel imports are now generally subject to a 50% tariff, except for UK-origin goods, which remain at 25%. Aluminum imports face a 50% tariff when the country of smelt and cast is properly declared, but a steep 200% tariff applies if that origin is unknown. Copper, newly added under Section 232, is subject to a 50% duty on semi-finished and derivative goods. 

Tradewin is excited to travel to Orlando, Florida, for the International Compliance Professionals Association (ICPA) event. We look forward to connecting with fellow trade compliance professionals, exploring the latest industry insights, and reinforcing our commitment to providing exceptional service to our clients. 

If you are a business engaged in international trade, you may have a valuable opportunity to reduce costs through a program known as Duty Drawback. This program allows your business to recover the duties, taxes, and fees paid on imported goods that are subsequently exported or destroyed.

Although the recovery process can be complex, the potential savings can be significant. Continue reading to explore the basics of the program, who is eligible, and how Tradewin can assist you.

The Canada Border Services Agency (CBSA) has released a detailed outline of its verification priorities for 2025, specifically aimed at enhancing compliance with trade regulations. Here’s an in-depth look at what your business needs to know to stay ahead:

To improve satisfaction among Advanced Certification Enterprises (AEO Enterprises in China), the General Administration of Customs (GACC) has recently clarified the extension of the time limit for AEO enterprises to make voluntary disclosures without facing administrative penalties.