U.S. Announces Tariff Adjustments on Canadian Imports Under Specific HS Codes
The U.S. Trade Representative has announced potential tariff adjustments for certain Canadian goods under specific HS codes, effective for entries after April 5, 2025. This targets products in transit before the deadline but entered post-deadline.
October 15, 2024
Impact: This could lead to increased costs for Canadian exporters if their goods are delayed or entered after the specified time, potentially affecting supply chains and pricing in the U.S. market.
Canada Responds to U.S. Tariff Timeline for Goods in Transit
Canadian trade officials have expressed concerns over the U.S. policy impacting goods loaded before April 5, 2025, but entered after. Discussions are underway to seek exemptions or clarifications for affected HS codes.
October 20, 2024
Impact: Pending negotiations may delay or alter the implementation of tariffs, creating uncertainty for businesses involved in U.S.-Canada trade.
Logistics Companies Brace for U.S.-Canada Trade Deadline
Logistics firms are preparing for potential disruptions as the April 5, 2025, deadline approaches for goods in transit between Canada and the U.S. under specific HS codes, with a focus on streamlining port operations.
November 1, 2024
Impact: Increased logistical planning may mitigate delays, but costs could rise for shippers rushing to meet the pre-deadline loading requirement, impacting overall trade efficiency.