Breaking Trade News: China Tariffs Delayed, New Census In-Transit Rule
Here is a recap of the latest customs and international trade news:
Administration
- On August 11, President Trump signed an Executive Order delaying the imposition of additional China reciprocal tariffs until November 10.
- President Trump posted on Truth Social that gold will not be tariffed, seemingly in response to a recent “surprise” CBP ruling stating that gold bars are subject to reciprocal tariffs.
Customs and Border Protection (CBP)
- Net revenue recovered from entry summaries reached $25.6 billion for the fiscal year as of June 30. In comparison, for FY 2024, the net revenue was $667.6 million.
- On August 12, CBP deployed an ACE update that will automatically withhold release of de minimis shipments that are ineligible for clearance because the $800 per person/per day threshold has been met.
- A recent “surprise” CBP ruling saying gold bars are subject to reciprocal tariffs led to a surge in gold futures.
- CBP officers in Louisville intercepted a shipment containing more than 7,000 pairs of counterfeit earrings. If genuine, the shipment would have had a Manufacturer’s Suggested Retail Price of $30.37 million.
- CBP officers […]



