As the global trade landscape continues to evolve, U.S. trade policies remain a central focus, particularly in relation to steel and aluminum imports. On March 12, 2025, President Donald Trump’s administration is set to implement significant expansions to the Section 232 tariffs on steel and aluminum—an action that promises to further shape the future of…
Tariffs, a tax on imports, have historically been used to support domestic industries and are primarily imposed for two reasons: to protect domestic industries by raising the cost of imported goods, and/or to generate revenue for the government. However, they can often also result in reduced trade, higher prices, and retaliation. What is a tariff?…
Who’s Responsible For Trade Compliance? This is a question that most companies struggle with when it comes to their imports or exports. Who is responsible? The answer… everyone! Some companies might have a designated Trade Compliance Manager who oversees the trade compliance program. Others might even have a dedicated team built just for compliance. Other…