Medtech Canada’s Post

Australian Border Force have published a circular on the removal of 'nuisance' tariffs. Products which fall under 457 tariff subheadings will be 'free' of duty after 1 July 2024. It is interesting to see how governments choose to balance revenue collection with operational costs and trade faciliation. https://lnkd.in/gsX7Cuvt

Mexico braces for Trump trade storm amid fresh tariff and border threats #bne #bneEditorsPicks #Election2024 #Trump #elections #Mexico With Donald Trump securing a second term in office, Mexico now faces significant challenges in its relationship with the United States. Long-standing issues such as trade, migration, and security are at risk of taking a hard turn, with potential consequences reverberating across both countries. Trump's past rhetoric – including his threats to impose hefty tariffs on Mexican imports, particularly vehicles, and his tough stance on immigration – has already sent ripples through the Mexican economy. Should these threats materialise, the already struggling peso could experience further pressure. For example, Trump’s earlier proposals to impose tariffs of up to 200% on Mexican cars could have serious ramifications for industries that rely on trade between the two nations. Companies like Honda, which imports thousands of vehicles from Mexico each year, have already expressed concerns over potential disruptions.

New Tariff Announcement: In a bold move, President-elect Donald Trump has proposed a 25% tariff on all imports from Mexico and Canada. The policy, set to take effect on January 20, seeks to address issues related to illegal immigration and drug trafficking, especially fentanyl. Connection to Border Enforcement: Trump has made it clear that the tariffs will remain in place until Mexico and Canada take significant action to reduce illegal drugs and migrants crossing the U.S. border. The tariff is viewed as part of his broader immigration and drug control strategy. Potential Economic Consequences: The proposed tariff could have far-reaching economic impacts, particularly on industries like automotive, agriculture, and manufacturing. With the U.S., Mexico, and Canada heavily integrated in trade, this could increase costs for consumers and businesses alike. Political and Diplomatic Fallout: While supporters see this as a firm stance on national security, critics argue that it could strain diplomatic relations and disrupt the flow of goods. As the January 20 deadline approaches, the policy is likely to spark significant debate. 🌐 For more details, visit our website. https://lnkd.in/gPhy__dg #swifteradio 

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SINGLE TRADE WINDOW DEVELOPMENT PAUSED RENSAT BRINGS YOUN THE LATEST IN THE TRADE NEWS In an announcement last week, the UK government stated that the development of the Single Trade Window, a digital border service aimed at streamlining data around cross-border trade, will be paused during 2025 and 2026. The single trade window has been described as a facility that allows everybody involved with trade and transport to lodge standardised information and documents with a single entry point to fulfil or import, export and transit relative regulatory requirements. The exchequer secretary to the Treasury, James Murray, said “The government is considering its future plans for the border and how best to meet the needs of its users. In the context of financial challenges, the government is pausing delivery of the UK Single Trade Window in 2025/26. “As part of its efforts to support businesses trading across the UK border, the government will consider the role of the Single Trade Window and will provide an update as part of the next phase of the Spending Review, reporting in late Spring 2025.” The system was planned under the previous, Conservative government’s ‘2025 Border Strategy’, which aimed to implement the first phase in 2024 following a consultation. As your customs agent or broker RENSAT can help your customs processes by ensuring that your goods are cleared through customs and that all relevant documentation is completed and submitted on time. We make sure you are compliant. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE. 📧 Info@rensat.co.uk 📞 07932 861545 🌐 rensat.co.uk #CustomsClearances #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #UKCustomsMadeEasy #CustomsConsultancyUK #YourCustomsPartnerUK #NavigateCustomsUK

SINGLE TRADE WINDOW DEVELOPMENT PAUSED RENSAT BRINGS YOUN THE LATEST IN THE TRADE NEWS In an announcement last week, the UK government stated that the development of the Single Trade Window, a digital border service aimed at streamlining data around cross-border trade, will be paused during 2025 and 2026. The single trade window has been described as a facility that allows everybody involved with trade and transport to lodge standardised information and documents with a single entry point to fulfil or import, export and transit relative regulatory requirements. The exchequer secretary to the Treasury, James Murray, said “The government is considering its future plans for the border and how best to meet the needs of its users. In the context of financial challenges, the government is pausing delivery of the UK Single Trade Window in 2025/26. “As part of its efforts to support businesses trading across the UK border, the government will consider the role of the Single Trade Window and will provide an update as part of the next phase of the Spending Review, reporting in late Spring 2025.” The system was planned under the previous, Conservative government’s ‘2025 Border Strategy’, which aimed to implement the first phase in 2024 following a consultation. As your customs agent or broker RENSAT can help your customs processes by ensuring that your goods are cleared through customs and that all relevant documentation is completed and submitted on time. We make sure you are compliant. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE. 📧 Info@rensat.co.uk 📞 07932 861545 🌐 rensat.co.uk #CustomsClearances #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #UKCustomsMadeEasy #CustomsConsultancyUK #YourCustomsPartnerUK #NavigateCustomsUK

Watch our PM comments from this conversation with President Trump.

In the end, the goal should be to have BOTH border security AND free trade.

The Canada Border Services Agency has released its updated list of trade compliance verification priorities, indicating the categories of goods or supply chains that will be subject to verification audits. Sabrina A. Bandali and Kathleen Wang summarize the CBSA's current verification priorities. #InternationalTrade #CustomsCompliance

Trade Relations Under Pressure In light of President-elect Donald Trump’s potential plans to impose a 25% tax on imports from Canada and Mexico, Canadian officials are already exploring retaliatory tariffs. This response highlights the fragility of U.S.-Canada trade relations. Trump also announced progress in his talks with Mexico’s new President Claudia Sheinbaum regarding border security and illegal migration. #CanadaUSRelations #Tariffs #TradeWar #Economy #DonaldTrump #Canada #Mexico #GlobalTrade https://loom.ly/YGBX-2U

SINGLE TRADE WINDOW DEVELOPMENT PAUSED RENSAT BRINGS YOUN THE LATEST IN THE TRADE NEWS In an announcement last week, the UK government stated that the development of the Single Trade Window, a digital border service aimed at streamlining data around cross-border trade, will be paused during 2025 and 2026. The single trade window has been described as a facility that allows everybody involved with trade and transport to lodge standardised information and documents with a single entry point to fulfil or import, export and transit relative regulatory requirements. The exchequer secretary to the Treasury, James Murray, said “The government is considering its future plans for the border and how best to meet the needs of its users. In the context of financial challenges, the government is pausing delivery of the UK Single Trade Window in 2025/26. “As part of its efforts to support businesses trading across the UK border, the government will consider the role of the Single Trade Window and will provide an update as part of the next phase of the Spending Review, reporting in late Spring 2025.” The system was planned under the previous, Conservative government’s ‘2025 Border Strategy’, which aimed to implement the first phase in 2024 following a consultation. As your customs agent or broker RENSAT can help your customs processes by ensuring that your goods are cleared through customs and that all relevant documentation is completed and submitted on time. We make sure you are compliant. RENSAT. EXPERIENCED, RELIABLE, AFFORDABLE. 📧 Info@rensat.co.uk 📞 07932 861545 🌐 rensat.co.uk #CustomsClearances #CustomsClearanceUK #UKCustomsExperts #ImportExportUK #TradeComplianceUK #CustomsBrokerUK #CustomsSolutionsUK #UKTradeServices #CustomsDeclarationUK #BrexitCustomsClearance #UKCustomsAssistance #EfficientCustomsUK #UKCustomsMadeEasy #CustomsConsultancyUK #YourCustomsPartnerUK #NavigateCustomsUK