Technology is advancing so fast, it’s hard to keep up. From phones that order and pay for your coffee, to your teenager’s tiny wrist-based computer, tech is an undeniably ubiquitous part of our lives – whether we like it or not.
As savvy importers – and current-affairs watchers – know, taxes, tariffs and retaliatory actions are adding significant costs to the import of many products. Not long ago, we ran a blog on steel and aluminum tariffs, so head there for a bit of history.
Given the significant cost new U.S. tariffs are adding to steel products, folks in the steel industry are concerned that steel goods previously bound for the U.S. could be diverted to other markets – including Canada – where import costs are lower. Because of this, the Canadian government has taken the unusual step of applying a provisional safeguard surtax to most steel products imported into Canada – subject to the provisions outlined below.
The Safe Food for Canadians Act and Regulations (SFCR) will come into effect on January 15th, 2019. We reviewed some of the details of SFCR in a previous blog post, but you may still have questions, like…
“Will the new regulations come into effect all at once?”
“Will these changes affect my small business?”
“Do the regulations also apply to exporters?”
“What are the labeling requirements under the new regulations?”
If so, read on.
Anyone that exports goods from the U.S. with a commercial value over $2,500 is required to file export information prior to the goods leaving the U.S. via the Automated Export System (AES). What's involved? Read on to get the facts on this important (and relatively new) requirement.