GHY facilitates its clients to act quickly when disruptive issues arise in trade. Having immediate access to reliable trade data required to measure the potential impact of supply chain changes in the aluminum industry is paramount, and we provide that.
Helping our clients avoid costly Penalties for non-compliance by Customs is priority. We therefore focus our communication to our clients based on Trade Priority incentives, by both Canada and U.S. Customs, while focusing on tariff classification, valuation and origin determination of their products.
As an example:
On May 31, 2018 the United States (U.S.) announced tariffs on imports of certain steel products at a rates of 25% and certain aluminum at a rate of 10%. In response to the U.S. tariffs on Canadian Steel and aluminum Canada applied reciprocal countermeasures as of July 1, 2018. Given the longstanding integration of Canada-U.S. supply chains, this created many challenges for Canadian and U.S. manufacturers that rely on steel and aluminum cross border imports to manage their businesses.
We identified clients who imported and exported the affected products and consulted with them to provide options, as well as suggested customized solutions to address their concerns. This entailed numerous face-to-face meetings to discuss programs, such as Department of Finance Remission requests, Duties Relief Programs and Duty Drawback for Canadian importers, as well as U.S. Trade Representative (USTR) tariff relief requests, and Foreign Trade Zone and Bonded Warehouse options for US importers.
Both the Canadian and U.S. governments have recognized that a process is required to provide tariff relief under extraordinary circumstances, such as a lack of supply in the domestic market. When these products were identified, we supported our clients by running data reports on their imports and identifying any products where refunds could be pursued.
GHY prides itself in being the eyes and ears for our clients, to identify areas of risks and help them provide opportunities for future growth.