TradeLane

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.

On January 16th, the Bureau of Industry and Security published new Federal Register regulations that refine their AI computing hardware controls. BIS believes new AI capabilities “will enable malicious actors to engage in activities that pose profound risks to U.S. national security and foreign policy objectives” while indicating that “AI models have the potential to create significant economic and social benefits in the United States and across the globe.” As a result, the new regulations are designed to carefully place the line between the potential threat actors and those who will use AI to advance US or human interests.  

Following the inauguration of the new administration on January 20th, 2025, there has been significant movement in both statements and confirmed actions that have an impact on trade.

In response to the United States’ decision to impose tariffs on all Canadian goods, on March 4, 2025, Prime Minister Justin Trudeau announced that Canada would implement a 25% retaliatory tariff on a range of U.S. imports. 

In 2020, HMTX Industries, LLC, along with over 3,600 other importers and associations, filed a lawsuit claiming that President Trump exceeded the authority delegated by Congress under Section 301 of the Trade Act when implementing the List 3 and 4a tariffs during a "trade war" with China. The lawsuit alleges violations related to trade secrets and intellectual property rights (IPR) theft.