Tariff Cuts for Switzerland and Liechtenstein Retroactive to November 14 In a Federal Register notice set to take effect tomorrow, December 18, the U.S. Trade Representative and the Department of Commerce have announced that the reciprocal tariff cuts promised in the recent trade deal with Switzerland and Liechtenstein will be effective retroactively beginning November 14. Annex I to this notice …
CARMICHAEL COMPASS: SPECIAL ISSUE 25-053 – December 11, 2025
Major ACE Portal Changes for Importers The President of the Unites States has set the goal of eliminating the use of checks in its transactions. Customs and Border (CBP) has developed programming towards this goal. The first part is that every importer should get its own ACE (Automated Commercial Environment) Portal account. CBP will be using the ACE Portal accounts …
CARMICHAEL COMPASS: ISSUE 25-052 – December 9, 2025
Trade Agreement Between United States and South Korea Begins Implementation On November 13 the U.S. and South Korea released a joint fact sheet regarding the details of the trade agreement between the two countries. This fact sheet details the steps both countries agreed to undertake. On December 3, the United States Trade Representative followed through on the promises made in the fact sheet, releasing …