Transshipment has fast become the second most important word in trade, after tariff. The reason is that the U.S. government is intensifying its oversight of importers suspected of using transshipment through third countries to evade duties on Chinese goods. And the risks and costs of violating the rules can be severe. This increased scrutiny comes as shifting trade flows highlight how exporters are adjusting to the new tariff environment. In August, China’s exports to the U.S. fell 33% year-over-year, while shipments...

By: Mike Smith, Principal, CliftonLarsonAllen Key insights • President Donald Trump's tariffs are reshaping international trade dynamics and additional changes could be forthcoming. • Learn about the potential wide-ranging economic impact on key industries and how it could affect your business and operations. • This is an evolving situation that continues to change. Tariffs have been and continue to be a hot topic. As the tariff landscape continues to evolve, it can bring a level of uncertainty for many businesses across industries. As we continue...

Transshipment has fast become the second most important word in trade, after tariff. The reason is that the U.S. government is intensifying its oversight of importers suspected of using transshipment through third countries to evade duties on Chinese goods. And the risks and costs of violating the rules can be severe. This increased scrutiny comes as shifting trade flows highlight how exporters are adjusting to the new tariff environment. In August, China’s exports to the U.S. fell 33% year-over-year, while shipments...

The hard work of managing global trade strategies and negotiations continues even when the talk of tariffs fades (ever so slightly) from the headlines. The U.S. has launched a formal consultation process for the upcoming review of the vital U.S.-Mexico-Canada Agreement (USMCA), asking the public to comment on any benefits and shortcomings of the trade deal. Stakeholders have 45 days to submit feedback on issues including balanced trade, market access, and economic security. The first USMCA joint review meeting is set...

By Ian Hunter, Director, OCO Global Cheaper money has changed boardroom calculus. With the Federal Reserve’s interest rate cut, European CFOs deciding where to build the next plant or R&D hub now see the United States as easier to finance and faster to scale. Momentum in foreign direct investment (FDI) was already tilting west; lower rates nudge more plans from deck to delivery, especially in states that pair credible incentives with execution. Think Pennsylvania, Texas, New York, South Carolina, Ohio,...

By: Kerem Bilge, Counsel, Thompson Hine LLP Over the past decade, the global trade landscape has shifted sharply toward more complex tariff regimes. During President Donald Trump’s first administration, the U.S. government imposed wide-ranging Section 301 tariffs on hundreds of billions of dollars on imported goods from China and Section 232 national security tariffs on U.S. imports of steel and aluminum products worldwide. During President Joe Biden’s administration, most of these tariffs were maintained and further increased on certain Chinese-origin...