How much longer are we going to go through all this upheaval?

customs/compliance

Jun 22, 2018

By Yves Lacelle

Share this

How much longer are we going to go through all this upheaval?

The threat of NAFTA elimination, labour shortages, surcharges on aluminum and steel, anti-dumping duties on softwood lumber and now a 25% surcharge on several Chinese products. We can safely say there is movement in world trade.

Surcharges: What are the impacts on the Québec economy?

Labour shortages indicate a healthy economy, which is a welcome problem, but still a problem for businesses looking to expand. This shortage is not only experienced in Québec, but also elsewhere in the world, and the situation could change with all the surcharges imposed, resulting in job losses and an increase in the unemployment rate.

Planning Imports and Exports in Times of Uncertainty

The uncertainty created by the Trump administration about free trade agreements and surcharges does nothing to help businesses. After the surcharges on some steel and aluminum products, from which Canada, Mexico and the European Union were exempt, new surcharges are imposed on products originating in China.

Remember that all Chinese products, even if exported from Canada, will be subject to this 25% surcharge. Several Canadian businesses will therefore be affected by this new surcharge.

It’s hard to figure out what the future holds with such an unpredictable American president. Will the midterm elections affect the changes we are currently experiencing? Let’s hope so!

In the meantime, it’s best to prepare by looking at the impact of eliminating NAFTA, imposing surcharges on steel and aluminum, and the new surcharge on Chinese products.

Contact W2C specialists at consultations@w2c.ca or by phone at 514-368-2637, option 2 now to identify which products are affected by these changes and the rates applied, and forecast your expenses and revenues.

About the author

author picture

Yves Lacelle

Strategic Advisor - Business Development and Training

With over 40 years of experience in the customs field, Yves has a very thorough understanding of everything related to this environment. His meetings with companies from all over the world have allowed him to acquire an extensive knowledge of international trade. He has given several seminars and customs training courses to companies and has found solutions for clients having problems with customs authorities.

Guiding a team to provide the best customer service bears no secrets for Yves. His ability to communicate and educate his business partners makes him a golden ally for those who aspire to comply with customs regulations.

Customize your preferences

To help optimize your experience on our website, we use cookies when you visit. We respect your right to privacy, which means that you have the option of disabling the use of cookies that are not strictly required for the operation of the site. However, please note that blocking certain types of cookies may affect your experience and the services we make available to you.

Essential for you to be able to take full advantage of all our site’s functionalities and navigate in complete safety. They are also useful for remembering your preferences when you visit our site. These cookies remain active at all times and cannot be disabled.

Allow us to collect data on your browsing habits using statistical analysis tools, so that we can optimize the performance of our website, such as, but not limited to, the time spent on our site and the pages most frequently visited.

Allow us to provide you with personalized offers and services that reflect your interests, based on your browsing experience on our sites. This information also helps us measure the effectiveness of our advertising campaigns.