With an additional 10 per cent tariff on imports into Canada, trade relations between the United States and Canada are once again under the microscope. Things can change on a dime, as proven by President Donald Trump’s latest threats against Canada and other nations.
This has enterprises and businesses scrambling either to find new carriers from other countries, or to do a deep dive into their current trade partners. Many are finding this a painstaking process to unearth compliance details like Harmonized System (HS) codes.
TariffEdge: your new virtual customs broker
Luckily, there’s a solution that can save small to medium-sized enterprises (SMEs) time, while also keeping their supply chain compliant and free from issues. As a partnership between Peacock Tariff Consulting and PRAKTIKAI, there’s a new generative AI solution called TariffEdge.
This artificial intelligence-powered tool, using cloud-based software, helps businesses find this trade information with ease and also provides solutions in “what if” scenarios when looking into alternative trade partners.
“It’s not the old 1990s cross the border with your driver’s license anymore,” said Kyle Peacock of Peacock Tariff Consulting. “There are new rules in place and they're going to affect you, so you need to do your due diligence to protect your business.
“You’re not on your own; there is help. This tool is one of many resources that are available out there. If you’re feeling lost, reach out about this.”
Limitations of existing AI systems
While there are other AI-based programs out there like ChatGPT, Copilot and Gemini, they can provide misleading or outdated information. And when dealing in trade, compliance is of utmost importance. There is also a knowledge cutoff, which limits how effective an AI program can be.
“What we’re doing that’s different is we’re giving the model the information it needs directly from verified sources and building a specific tool that has very deep knowledge and asking it to reference a data source we’re pointing it at,” said Myles Harrison of PRAKTIKAI.
“We’re building this tool to make information which can be very difficult to access, available through conversational search, and we’re verifying it and making sure it’s the right information.”
TariffEdge functions similarly to other AI tools as a chat-based assistant, but it uses verified data. Tariff law data and documentation for HS codes are often buried on the web inside PDF documents. TariffEdge takes closed-source data and compiles the information quickly and easily for SMEs.
Streamlined do-it-yourself compliance for SMEs
On its surface level, this tool allows easy identification of shipping codes. If you want to put it through its paces, you can give TariffEdge scenarios, and it will output the data for you into a simple spreadsheet form.
Its user-friendly conversational interface provides trusted and verified results. You never have to worry about whether you’re receiving the latest information because TariffEdge delivers accurate goods classification, acting as a virtual customs broker for your SME.
“The idea is that it’s easy to use,” Harrison said. “You can just have a conversation and say: ‘I’m shipping tables,’ and it will suggest different HS codes.
“Then you can tell TariffEdge that it’s coming from China and it will tell you about additional tariffs. Instead of digging for the information in a giant PDF document or time-consuming web searches, it’s easy to use and the right information is right there for you.”
TariffEdge is the perfect combination of practical trade knowledge from Peacock Tariff Consulting with the smart automation of PRAKTIKAI.
If you’re looking to streamline your compliance, visit TariffEdge.com to request a product demo.
