Approved by Congress and signed by President Trump on January 29, the U.S.-Mexico-Canada Agreement is one big step closer to entering into force. Mexico was first to ratify the trade pact on June 19, 2019. Canada’s House of Commons will be taking up the USMCA this...
President Donald Trump and China’s Vice Premier Liu He have signed an initial agreement that commits China to policy changes on intellectual property (IP), technology transfer, financial services, and currency management. China also promises substantial purchases of...
U.S. tariffs on imports from China consigned the traditional peak shipping season to the ghosts of Christmases past this year. The U.S.-China trade war pushed the U.S. import shipping volume trend line for 2019 to an early peak in July before driving TEUs [20-foot...
As the UK nears its latest deadline for departing the EU, what will happen next remains unclear. Descartes Datamyne international data – including our new UK database – keeps Brexit’s ongoing effects on global trade in sharp focus. “Entrenched uncertainty” – that’s...
Starting in March of 2018, the Trump Administration has deployed tariffs and import quotas on select steel and aluminum products under Section 232 of the Trade Expansion Act of 1962, which authorizes these measures to control imports in the cause of national security....
A return to the 25% duty rate on U.S. automotive exports to China is set to enter into effect on December 15th, and U.S. auto-makers are worried about the effects. Overseas sales of U.S.-made cars have yet to recover after last year’s tariff cut shipments to China by...
The Office of the United States Trade Representative announced an end to Generalized System of Preferences (GSP) eligibility for India and Turkey after finding the countries no longer meet the conditions for getting duty-free access to U.S. markets as developing...
A 90-day truce has been declared in the escalating trade hostilities between the U.S. and China after a sidebar meeting at the G20 summit in Buenos Aires between Donald Trump and Xi Jinping. The U.S. has agreed to postpone for 90 days a tariff hike from 10% to 25% on...
As U.S.-China trade tariffs kick in – and more are threatened – the costs are just starting to weigh on business and consumers on both sides of the Pacific. The back-and-forth volley of tariffs between the U.S. and China that began in January hasn’t slowed for the dog...
Mexico and the European Union (EU) have agreed to update their existing free trade agreement to further improve an already positive trade relationship. According to data from Descartes DatamyneTM, $73 billion USD worth of goods was traded between the two regions in...
