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Trade News
Trade News
03
Sep
Despite lower gas storage levels compared to previous years, the Member States and the Commission consider there is no immediate risk for security of gas supply in the EU. In a meeting of the Gas Coordination Group (GCG) this afternoon, experts from the Commission and Member States confirmed that while the situation on global energy markets remains exceptional and requires close monitoring, it also differs significantly from that of 2021/2022. Today, the EU is better prepared, thanks to increased...
03
Sep
The Council today gave its final approval for an ambitious overhaul of the EU customs framework – the most comprehensive reform of its kind in decades.
The updated legislation gives the Union a more modern toolbox and innovative new instruments to better facilitate global trade, especially in e-commerce, collect customs duties more efficiently and tighten controls on non-compliant, dangerous or unsafe goods.
Managing the rise of e-commerce
The updated union customs code clarifies that non-EU e-commerce platforms will be considered the goods’ importer when selling into the EU and are therefore responsible for ensuring...
02
Sep
U.S. Customs and Border Protection has issued a General Notice announcing enhanced enforcement procedures to verify the accuracy of information submitted on CBP Form 5106. Significantly, the initiative applies not only to new importer applications, but also to the Form 5106 information already on file for existing importers. The notice was published on August 19, 2026, and states that enforcement will begin 30 days after publication (September 18, 2026).
Beginning on that date, CBP states that it will immediately void an...
02
Sep
On August 25, 2026, the Canadian federal government announced a $7.5 billion package of new and enhanced measures to support workers and businesses impacted by the latest round of U.S. tariffs. This builds on nearly $25 billion in supports rolled out over the past eighteen months. For employers with Canadian operations, several of these measures have immediate workforce planning implications.
Quick Hits
On August 25, 2026, Canada announced new support programs to help employers impacted by the latest round of...
31
Aug
In this week’s Roar: Record high port congestion, optimism in the Red Sea, rising air rates from Asia to the EU, contrasting East Coast to West Coast rates, and unpredictable lead times for South American importers.
In conditions reminiscent of the pandemic, port congestion has hit a record high, with 4.31 million TEU of container capacity stranded around the globe. The situation has worsened due to delays in Asia and Europe and longer routes around Africa, which have also helped...
28
Aug
On August 21, 2026, trade negotiations between the United States and Canada faltered and the parties, for now, have ceased further negotiations. As a result, the United States has implemented 50% tariffs on a broad range of Canadian products under Section 338 of the Tariff Act of 1930. First announced on July 20, 2026 (see SmarTrade update of July 21, 2026), when President Donald Trump signed three Presidential Proclamations imposing these additional, implementation of these tariffs was delayed until August 22,...
24
Aug
In this week’s Roar: Global trade remains robust, the U.S.-Asia trade war, diesel prices are up and so are global air freight rates, and how far global CEOs will go to mitigate risk.
So far this year, global trade has remained surprisingly robust, especially from China. But shipping lines and ports still face challenges as empty containers pile up in the U.S. and Europe. The East-West trade imbalance is worsening, driving port congestion that hinders efficiency and burdens carriers with zero-revenue...
21
Aug
Key Points:
President Trump suspended additional ad valorem duties of up to 50% on certain Canadian imports under Section 338 of the Tariff Act of 1930 for three days, shifting the effective date from August 19 to August 22, 2026, covering the alcoholic beverages, dairy, and motor vehicles sectors.
Companies with Canadian supply chain exposure in the Covered Sectors should monitor developments closely, as ongoing negotiations may result in further presidential action — including an extension, permanent revocation, or imposition of...