Simply Trade [News]: Navigating the Unpredictable: EU VAT Overhaul, Panama Canal Bottleneck & Mexico’s Tariff Game-Changer

Step into the latest episode of Simply Trade's Weekly News Roundup podcast for a discussion into some of the most important international trade news currently shaping the global landscape. Join Annik, Lalo, and Andy as they delve into discussions of EU VAT and customs changes, shipping delays due to the Panama Canal drought, and Mexico's tariff increases. Join Annik, Lalo, and Andy as they break down these crucial topics and provide expert insights into their potential impact on businesses across the globe.

Main Points

• The hosts discuss the upcoming changes to EU VAT and customs regulations for e-commerce platforms, with a particular focus on the implications for both the platforms and consumers.

  • The changes could potentially shift the responsibility of VAT and customs duties from consumers to platforms, starting in 2025.

  • Platforms may need to re-evaluate their systems and data accuracy to stay compliant with these changes.

• Next, the conversation shifts to the severe drought causing delays and queue build-ups at the Panama Canal.

  • The hosts highlight the strategic importance of the canal for global trade routes and shipping times.

  • They discuss the need for contingency plans in the face of environmental challenges to minimize possible disruptions on supply chains.

• Lastly, they explore the implications of Mexico's tariff increases in the most recent policy adjustment.

  • The hosts discuss the potential impact on import and export markets of scrapping the reduction scheme decreasing tariffs on certain sectors from 20%.

  • They emphasize the importance of staying informed about these changes to support businesses' compliance efforts and strategic decision-making.

This episode of Simply Trade is a must-listen for anyone engaged in international trade.

Enjoy the show.

Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/ 
Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ 

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ 
Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

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