Rising Ocean Freight Rates Highlight the Value of Nearshoring to Mexico Under USMCA

In recent months, global shipping rates have surged dramatically. For instance, container shipping rates from the Far East to the US West Coast have jumped by 29%, reaching $4,468 per forty-foot equivalent unit (FEU), while rates to the East Coast have risen by 21%...

Mexico’s New President: Claudia Sheinbaum and the Future of Trade with the US and Canada

On June 2, 2024, Claudia Sheinbaum was elected as Mexico’s first female president, marking a historic moment for the country. As Sheinbaum prepares to take office on October 1, her administration's policies and initiatives are poised to significantly impact Mexico’s trade...

USTR Seeks Public Comments on Proposed Modifications and Machinery Exclusion Process

The Office of the United States Trade Representative (USTR) is actively engaging with importers, interested parties, and the public to gather feedback on proposed changes related to China’s Acts,Policies, and Practices Related to Technology Transfer, Intellectual Property...

Navigating Mexico’s Tariff Increases: A Guide for Businesses

On April 22, 2024, Mexico implemented significant tariff increases affecting a wide range of goods. These changes have implications for businesses engaged in international trade. In this blogpost, we’ll explore the details of the tariff adjustments and discuss how Kendrick..

Unlocking Cost Benefits and Mitigating Risks: The Importance of Properly Qualifying Goods under USMCA

In the intricate web of international trade, every decision carries weight, especially when it comes to maximizing cost benefits and mitigating risks. In the context of the United States-Mexico-Canada Agreement...

Understanding the EU Carbon Border Adjustment Mechanism and Its Impact

As climate change continues to dominate global agendas, the European Union (EU) is taking significant steps to reduce its carbon footprint through the Carbon Border Adjustment Mechanism (CBAM). This policy, set to be phased in starting 2026, aims to level the...