Tag: Free Trade Agreements
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The EU has signed an expanded deal, or “the mother of all deals”, as described by Ursula von der Leyen, with India, aiming to offset some of the losses due to US tariffs, projected to add 19 billion dollars annually to EU exports. After two decades of negotiations, the free trade agreement was pushed through…
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The presumption that goods qualifying for preferential tariff treatment under the United States–Mexico–Canada Agreement (USMCA or CUSMA) are immune from post‑entry duty assessments is not always borne out in practice. U.S. Customs and Border Protection (CBP) maintains robust authority to scrutinize entries, verify eligibility, and where documentation is incomplete or responsiveness is deficient assess duties…
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Recent Developments On July 15, Canada’s federal cabinet convened to formulate its response after U.S. President Donald Trump announced a 35 percent tariff on Canadian imports, set to commence August 1. Prime Minister Mark Carney signaled that a “tariff-free” outcome was unlikely and acknowledged the prospect of enduring sector-specific levies. The new 35 percent rate…
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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:…
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Japan–U.S. Trade Deal Signed July 22, 2025 On July 22, 2025, Washington and Tokyo announced a landmark agreement designed to replace looming 25 percent auto tariffs with a more moderate 15 percent duty on Japanese imports, in exchange for sweeping investment pledges and fresh market openings. The pact aims to provide stability for Japanese exporters,…
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A Defining Shift in Trade Doctrine On July 16, 2025, Prime Minister Mark Carney made headlines across North America by announcing a robust package of steel tariffs designed to shield Canada’s domestic industry from global instability. With Canada’s trade environment strained by foreign competition, U.S. protectionism, and shifting international alliances, this move was not simply…
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A surge of protective measures and retaliatory duties reshaped key supply chains in the final week of June and the opening days of July. For those in North America enjoying holidays here is recap of what’s happened and happening in the next few days United States 1. Section 232 Metals Tariff Hike 2. Tariff-Stacking Rule…
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Tariffs Between Canada and the UK Trade tariffs between Canada and the UK have evolved over time, influenced by economic policies, trade agreements, and global market conditions. The Canada-United Kingdom Trade Continuity Agreement (CUKTCA) has helped maintain preferential tariff rates since April 2021, ensuring that 98% of Canadian exports to the UK remain tariff-free. However,…
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U.S.-EU Trade Negotiations Gain Momentum The European Union (EU) has agreed to fast-track trade talks with the United States following President Donald Trump’s decision to delay a planned 50% tariff on EU imports until July 9, 2025. The EU’s trade chief, Maroš Šefčovič, is leading negotiations, focusing on semiconductors, automobiles, pharmaceuticals, and aluminum to avoid…
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U.S.-India Trade Agreement The U.S. and India have finalized a landmark trade deal, which India’s finance ministry believes will energize exports and open up new market access. The agreement is expected to flip current economic headwinds into tailwinds, potentially accelerating India’s growth toward the upper end of forecasts (6.3% to 6.8%). Key Provisions of the…