America First Trade Policy : Sanders Brokerage

America First Trade Policy

Posted by stevelsanders98230 on Wednesday, January 29, 2025 · Leave a Comment

You may have heard of President Trump and his boasting of the America First Trade Policy, his reference and inferences to an Extermal Revenue Service (ERS). Additionally, you no doubt have heard of the threat of “25% duties on all goods from Canada and Mexico” (unquote). It appears that the start of his efforts were put in document form and published several days ago. In the included publication *(see below hyperlink) are demands and concepts put forth by the President. In specific the reference is made of the demand by the President for the United States Trade Representative to tender (to the President) by April 1st 2025 a “review” document assessing the impact of the USMCA on American workers, farmers, ranchers, service providers and other business. The U.S. Trade Representative is to make recommendations to the President by April 1st, 2025 in preparation for the July 2026 USMCA review.

It is still possible that the President could impose 25% duties on goods coming into the U.S.A., from Canada and or Mexico, at any point in the near future, but we feel and believe (and hope) that goods that fall under the USMCA free trade agreement, will (hopefully) remain duty free, at least until the July of 2026 review of the USMCA.

The above paragraph is merely our opinion and is not considered to be binding.

The crux of the publication which was issued January 20th can be found here: * America First Trade Policy – 2025

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Value Information Tips

When you ship or send goods to the U.S.A., the question of "valuation" may arise. What you need to know is that the issue of how to value your goods for export to the U.S.A. are part of a very complex law in our U.S. Customs Regulations (CBP).
The U.S. valuation law is very similar to the valuation law first developed and implemented by Canada Customs. The basic bottom line concept on most imports deals with the goods being valued (appraised) at the actual transaction value. That is, the price paid or payable for the merchandise. Transaction value is commonly used in arms length (unrelated) sales where a specific relationship did not impact the price paid or payable for the goods.
The term Related means within the sale of the goods, that actual family relations are involved, or that there are mutual owners in the selling company and purchasing company. CBP feels that family relationship or mutual owners in the seller and the buyer could impact the value paid or payable for the goods..
In related sales, transaction value can still be used, provided it can be proven (via a test case) that the relationship did not impact the price paid or payable for the merchandise.
Further protocol flow of the valuation law is a bit more complex and deals with terms and concepts such as "Transaction Value of Identical or Similar Merchandise", "Computed Value", "Deductive Value", and "402f" (Customs last method of appraisement) when other valuation concepts determined.
The bottom line in this law is making sure that the U.S. Government is receiving it's full amount of duty money's and fees. Undervalued importations could result in a loss of revenue to the U.S. Government to which the government could pursue full reimbursement and penalty actions.
Please remember that declaring a proper value on your shipment for U.S. Customs purposes is a matter of law.

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