Global air cargo demand increased by 2.2 percent in May
According to data for May released by the International Air Transport Association (IATA), global air cargo total demand measured in cargo tonne-kilometers increased by 2.2% compared to May 2024 levels (+3.0% for international operations).
Canada’s merchandise trade deficit narrows to $5.9 billion in May
Statistics Canada announced that Canada’s merchandise merchandise exports were up 1.1% in May, while imports fell 1.6%. As a result, Canada’s merchandise trade deficit with the world narrowed from a record $7.6 billion in April to $5.9 billion in May.
Canada’s 50% surtax on certain steel goods exceeding import quotas comes into effect
Following last week’s announcement of new measures to protect Canadian steel and aluminum industries, the Canadian Government announced the implementation of tariff rate quotas (TRQs) on imports of steel mill products from non-free trade agreement (FTA) partners, effective June 27, 2025.
Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
Several federal departments and agencies regulate imports into Canada
From the Competition Bureau to Environment Canada, from the Canadian Food Inspection Agency to Transport Canada, many government departments and agencies are involved in the importation of goods into Canada.
Canada renews the Ukraine Goods Remission Order
Canada’s Minister of Finance, François-Philippe Champagne, announced that the Federal Government will extend the Ukraine Goods Remission Order until June 9, 2026.
WCO issues report on integrating cargo security devices in customs procedures
The World Customs Organization (WCO) published a major report into the rising impact of Smart Security Devices (SSDs) on logistics and Customs procedures. The Report explores the growing role of connected devices, such as smart locks, track-and-trace sensors, and smart containers, in modernizing the supervision of cross-border cargo.
Selected Government Memorandums, Notices and Decisions
Here is a selection of relevant memorandums, notices, and decisions published this week. If you have any questions, be sure to contact your Axxess specialist.
U.S. raises tariffs on imports of aluminum and steel to 50% effective June 4
The President of the United States of America, Donald Trump, has issued a new proclamation raising tariffs on steel and aluminum imports into the United States to 50 percent.
Global air cargo demand increased by 5.8 percent in April
According to data for April released by the International Air Transport Association (IATA) global air cargo total demand, measured in cargo tonne-kilometers, increased by 5.8% compared to April 2024 levels (+6.5% for international operations).