Container Prices Surge as Tariff Threats and Nearshoring Trends Continue
The December 2024 Container xChange Forecaster report highlights the challenges reshaping North American container logistics, including the sharp rise in container prices, cascading effects of proposed import tariffs, and growing nearshoring trends.
Canada, U.S. Share Concerns Over Mexico-China Trade Relations
By aligning its policies with the U.S., Canada is reinforcing its commitment to fair trade practices and protecting its domestic industries from unfair competition. However, Mexico’s role in North American trade remains controversial.
Phase VII of the Lacey Act Declaration Implementation Begins December 1
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As the enforcement deadline approaches, importers must familiarize themselves with the new declaration requirements to ensure compliance.
Canadian Port Strikes Continue, Potentially Disrupting U.S. Trade
As negotiations continue, North American supply chains remain vulnerable to prolonged labour unrest at Canadian ports.
CBP Tightens Cargo Description Requirements for All U.S.-Bound and Transit Shipments
Shipments that use vague or incomplete descriptions will be automatically rejected. This will lead to delays and added administrative costs for importers.
CBP Releases the October 2024 ACE Deployment Schedule
CBP’s regular updates to ACE demonstrate the agency’s commitment to modernizing trade operations, ensuring regulatory compliance, and simplifying customs processes for trade chain partners.
What’s Happening at North American Ports This October?
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With delays, increased freight costs, and capacity constraints across global supply chains, importers must explore alternative strategies to minimize the impact on their businesses.
U.S. Port Strike on the East and Gulf Coasts Likely by October 1
Unless a last-minute deal is reached, the strike could freeze operations at up to 14 key ports and significantly affect the U.S. economy.
The USDA Tightens Regulations on Organic Imports into the U.S.
The new regulations help maintain the highest standards in organic trade and guarantee all U.S. organic imports meet the criteria set by the National Organic Program.
CBP Reschedules ACE Automation of the $800 De Minimis Threshold to January 2025
By postponing deployment, CBP will be able to implement the automated rejection of de minimis shipments above $800 without disrupting the flow of trade.
