TradeLane

Update as of August 1, 2025:

As U.S. trade policy continues to evolve this week, we’re closely tracking the latest developments to keep our clients informed and ready to respond strategically and tactically. Please note that the updates below reflect the trade environment at the time of posting and may be subject to change.

Update as of July 30, 2025:

President Trump signed an Executive Order that effectively ends the duty-free de minimis treatment under 19 U.S.C. 1321(a)(2)(C) for low-value shipments from all countries, effective August 29. For these imported goods, formal entry and payment of all applicable duties and fees will soon be required.

On June 16, 2025, President Trump signed an executive order to implement the U.S.–U.K. Economic Prosperity Deal. The purpose of this landmark agreement is to expand trade, enhance supply chain security, and address national security concerns. It marks a significant step forward in strengthening economic ties between the United States and the United Kingdom.

At Tradewin, we are closely monitoring the implementation of this agreement to help our clients understand the implications and prepare for the changes ahead.

Since the end of the Biden Administration, the direction of the Trump Administration’s Department of Commerce and Bureau of Industry and Security (BIS) has been slowly materializing, giving us a glimpse of what U.S. export controls will look like for the next four years.

In March 2025, the U.S. imposed a 25% tariff on certain goods from Canada and Mexico under the International Emergency Economic Powers Act (IEEPA), targeting efforts to disrupt the supply chain for fentanyl and related precursors. For importers, these duties are not just a regulatory development; they are a direct financial hit. Businesses already facing traditional customs duties now need to absorb another layer of cost that could significantly affect pricing, planning, and profitability.

But there is a potential solution: the United States-Mexico-Canada Agreement (USMCA).