Two Minutes in Trade

While tougher US sanctions on Russia may have a minimal impact on US traders, we all hope peace will prevail in Ukraine and avoiding the need for US sanctions.

USMCA labor rights protections are being tested and as year two of the agreements gets underway Congress needs to assess oversight and funding assistance.

A new bill seeks to limit the ability to import goods valued under $800 with having to pay duties setting the stage for a battle on the bill. Listen for more info on today’s Two Minutes In Trade.

The road is bumpy for implementing the OECD Inclusive Framework on digital services taxes and global minimum tax. Listen for more on today’s Two Minutes In Trade.

India and the US move forward on some trade irritants. Perhaps more trade is on the horizon. Listen for more info on today’s Two Minutes In Trade.

The 2022 Tariff Schedule is coming but it’s supposed to make only tariff neutral changes. That’s not the case always as you will learn some specific examples in today’s Two Minutes In Trade.

Importers of certain flea drops for pets may see their tariffs go up by as much as 31% based on one sudden ruling revocation by CBP. All importers can learn lessons from this.

US hits record goods and services deficit in just 11 months!  Listen for more details on today’s Two Minutes In Trade.

The CBP COAC advisory group’s “Export Operations for the 21st Century” white paper provides an invaluable blueprint for vital export reform.  Now, legislation must embrace this forward-thinking approach through non-duplicative, progressive data collection with electronic export manifest filings.

Got Milk? Canada’s dairy allocation of the USMCA TRQ was deemed a violation of the USMCA. Listen to today’s Two Minutes In Trade for more details.