Charlotte, N.C., April 18, 2018 (GLOBE NEWSWIRE) – Integration Point, a leading provider of Global Trade Management (GTM) solutions, processed more than 130 million updates to regulatory trade data relating to 206 countries and territories in 2017. Those updates include HS numbers, rules of origin, restricted party lists, import/export controls, and more.

2018 promises an even greater transformation of the global trade landscape. Import tariffs are on the rise, as the industry has seen with the imposition of special Section 232 duties on certain steel and aluminum products and the proposed imposition of special Section 301 tariffs on $50 billion in Chinese goods. In this changing world of import tariffs, it’s more important than ever to understand the impact of these changes and protect the company’s bottom line.

Effective March 23, 2018, the United States will impose additional duties on steel and aluminum imported from all countries except Canada and Mexico. As we discussed in a recent blogpost, the U.S. issued a 25% tariff on steel and a 10% tariff on aluminum. Anti-dumping duties (ADD) had also been considered, but it would have been difficult for the U.S. to manage so many new ADD cases.