Insights
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Introduction On August 7, 2025, the United States implemented one of the most sweeping tariff overhauls in recent history, targeting imports from over 25 countries and reshaping the cost structure of everything from apparel and electronics to food and fuel. With rates surging as high as 50%, the ripple effects are being felt across income…
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Canada’s softwood lumber industry is more than an economic staple it’s a trade battleground. In 2024, the country shipped over 20 million cubic meters abroad, with the United States absorbing the vast majority. But as tariffs climb and geopolitical pressures mount, Canada is waking up to a harsh reality: overreliance on a single customer can…
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Section 232 Tariff Update: What Exporters and Importers Must Know The U.S. Customs and Border Protection’s newly released guidance (CSMS #65340246) under the Trade Expansion Act Section 232 introduces a major shift: importers must now declare the country of origin for any aluminum or steel used in their products no matter how small or incidental.…
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48 Hours That Shook Global Trade: The Tariff Avalanche of July 31–August 1, 2025 Summary Introduction: A Global Economic Shockwave In the span of just two days, the world watched the economic compass spin wildly as former U.S. President Donald Trump executed a sweeping trade overhaul. On July 31 and August 1, 2025, the United…
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Trump’s Tariffs on Canada: A New Trade Flashpoint On July 31, 2025, President Donald Trump signed an executive order officially raising tariffs on Canadian goods entering the United States from 25% to 35%, effective August 1. This move marks a significant escalation in trade tensions between the two countries and has already sent ripples through…
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U.S. Trade Policy Overhaul: Tariffs on Brazil and South Korea, and the End of De Minimis The United States has initiated a sweeping transformation of its trade policy under President Donald Trump, marking a decisive pivot toward economic nationalism and protectionism. This shift includes the imposition of steep tariffs on Brazil and South Korea two…
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If countries like India, Canada, Mexico, Brazil, South Korea, and Taiwan don’t finalize trade agreements with the U.S. by August 1, they’ll face steep tariffs ranging from 25% to 50%. These tariffs will apply to a wide range of goods, including: The U.S. will also begin collecting these tariffs immediately, with no further grace period.…
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Can the U.S. Department of State – European Union Trade Pact Spark a Transatlantic Business Renaissance? The newly signed U.S.–EU trade agreement marks a seismic shift in global commerce. With a 15% flat tariff on most EU exports to the U.S., and zero tariffs on U.S. goods entering the EU, the deal unlocks unprecedented opportunities…
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The U.S.–EU trade deal locks in a uniform 15% tariff on all EU-origin goods entering the United States and eliminates duties on every American export bound for the 27-nation bloc. In return, the EU commits to purchasing $750 billion in U.S. energy products, investing $600 billion across U.S. infrastructure and technology projects, and streamlining defense…
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In a landmark ceremony at Chequers, UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi signed a £6 billion free trade agreement, concluding over three years of negotiations. This pact is the largest trade deal Britain has signed since Brexit, and it signals a bold pivot toward high-growth economies and strategic alliances. Summary:…