Access to affordable prescription drugs has been a long-standing concern in the United States. In a significant move towards addressing this issue, federal officials have cleared the way for Florida to import prescription drugs from Canada. This groundbreaking approach aims to provide Floridians with cheaper medications, marking an important shift in the fight to reduce…
In a recent announcement, U.S. Customs and Border Protection (CBP) has revealed new guidelines for deactivating Section 232 steel and aluminum exclusions. Effective February 15, 2024, CBP plans to deactivate certain Section 232 exclusions on a weekly basis when the imported quantity reaches or exceeds 95% of the allocated quantity. This change aims to address…
As we enter 2024, the global trade industry faces unprecedented geopolitical challenges that will reshape the playing field. In this blog post, we will explore the key highlights and implications of these challenges, helping you understand how to navigate the ever-changing landscape of global trade. Strategic Focus Areas for Resilience in Geopolitically Unstable Markets To…
Former CBP Commissioner Alan Bersin sat down with the Simply Trade podcast to share his experiences transforming border governance in the post-9/11 era. As the threat landscape changed, Bersin pioneered initiatives with the private sector that strengthened security while facilitating international trade and imports/exports. One of his most impactful projects was developing the Advanced Cargo…
Agricultural trade in the United States is on track to experience a deficit for the third time in five years. As of November 2023, the U.S. has imported $20 billion more in agricultural products than it has exported, which could set a record for the largest deficit in a calendar year in nearly a century…
In response to a significant decline in migrant crossings along the U.S.-Mexico border, U.S. Customs and Border Protection (CBP) has announced the reopening of four official crossings. This blog post examines the recent developments and highlights the factors contributing to the decrease in illegal border crossings. The reopening of four official crossings along the U.S.-Mexico…
The recent pause of Maersk’s Red Sea transit operations has highlighted the challenges faced by U.S.-led initiative Operation Prosperity Guardian. The Red Sea remains a critical global trade route, with the threat of attacks by Iranian-backed Houthi militants. The pause has led to disruptions in container rates and raised concerns about the long-term impact on…
With the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) taking center stage in global trade, Canada has a unique opportunity as the incoming chair to demonstrate leadership. Both China and Taiwan are seeking to join the CPTPP, and it is crucial for Canada to consider the implications of each bid carefully. This blog post…
In a significant move aimed at promoting advanced manufacturing and high-quality development, the Chinese government has announced Tariff Adjustments to import and export tariffs effective from January 1, 2024. These tariff adjustments are poised to have a significant impact on global trade dynamics. Let’s delve into the key aspects of China’s import-export tariff adjustments and…
By George W. Thompson In anticipation of the Uyghur Forced Labor Prevention Act, a number of federal agencies issued a joint Xinjiang Supply Chain Business Advisory in July 2021. An Addendum to that advisory was released in September 2023. The Addendum identifies a wide range of additional products and industries believed to use forced labour or child labor. Much…
Governments and regulators are ramping up efforts to address climate change through trade policies. In this episode of Simply Trade, sustainability expert Emily Cori breaks down the complex landscape of green trade initiatives and shares actionable strategies for importers and exporters. Understanding the Expanding Regulatory Framework Cori outlines the four pillars of the CBP’s green…
As the legal cannabis industry continues to expand at a rapid pace, navigating the intricate web of trade rules has become increasingly important for businesses to understand. In their insightful discussion, cannabis law experts Vincent Sliwoski and Adams Lee delve into the nuanced regulations surrounding one of the industry’s most perplexing areas – international trade…
