Friday Apr 04, 2025
[Eh!] Canada Reacts: The U.S. Tariffs That Could Upend Trade with Warrington Ellacott and Sean Stephenson
What happens when global trade rules change overnight? In this explosive episode, trade experts reveal the seismic shifts in international commerce that could reshape your business strategy!
Context:
Recorded on April 3rd, featuring Sean Stephenson, Trade Sanctions Counsel at Dentons, this episode unpacks recent US trade policy developments that will send shockwaves through global supply chains.
Key Takeaways: 🌍
- US Auto Tariffs: Immediate production pauses at Stellantis across North America
- China De Minimis Rule Elimination: Effective May 2nd, impacting cross-border e-commerce
- New Flat 10% Tariff on All Countries: Targeting multiple nations including China, Vietnam, South Korea
- Average China Tariff Rates Skyrocketing from 42% to 76%
Critical Insights 💡:
- Origin matters more than ever - transshipment risks are high
- Supply chains facing massive disruption
- No drawback opportunities for most tariffs
- Businesses must rapidly reassess international sourcing strategies
Expert Quote: "We're seeing a significant supply chain impact that will rip through global manufacturing" - Sean Stephenson
#InternationalTrade #GlobalSupplyChain #TradePolicy #ImportExport
🤝 Connect with the Experts:
- Sean Stephenson: https://www.dentons.com/en/sean-stephenson
- Warrington Ellacott: https://www.linkedin.com/in/warringtonellacott/
Mentioned on the show:
This episode is a must-listen for any business navigating the complex, rapidly changing global trade environment. Understanding these shifts could save your company millions!
🎧 Listen, Learn, Adapt! 🌐
#TradeCompliance #TradeIsGood
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