Breaking Trade News: US-UK Trade Deal, China Trade Talks, 232 Tariff Update

Here is a recap of the latest customs and international trade news:   

Administration  

  • The US & UK reached a trade deal, allowing the import of UK aerospace engines and parts duty-free. The average tariff on U.K. goods will stay at 10%. 
  • The first negotiations between the US and China will begin this weekend in Switzerland. China will be represented by Vice Premier He Lifeng, and the U.S. will be represented by Treasury Secretary Scott Bessent and United States Trade Representative Jamieson Greer. 
  • In a hearing in front of the House Financial Services Committee, Treasury Secretary Scott Bessent said that exempting tariffs on some baby items such as car seats and cribs is “under consideration.”
  • President Trump told reporters that USMCA may no longer be necessary, calling it a transitional deal to move away from NAFTA.
  • Via a social media post, President Donald Trump authorized the Department of Commerce and the United States Trade Representative to begin the process of instituting a 100% tariff on movies coming into the U.S. that are produced in other countries.

Customs and Border Protection (CBP) 

By |2025-05-09T12:00:39-04:00May 9, 2025|news, Snapshot|0 Comments

Breaking Trade News: Tariff Stacking, Auto Tariff Credit, 301 Report

Here is a recap of the latest customs and international trade news:    

Administration  

  • President Trump signed a Proclamation amending tariffs on automobiles and auto parts. Automakers who build cars in America and import parts to do so will get a partial credit against the costs of 25% Section 232 tariffs on non-USMCA qualifying parts. 
  • President Donald Trump issued an Executive Order clarifying the applicability of recently imposed tariffs, specifically tariff “stacking.” Goods subject to Section 232 tariffs on automobiles will not also be subject to Canada and Mexico IEEPA tariffs or 232 tariffs on steel & aluminum. Goods subject to Canada and Mexico IEEPA tariffs will not also be subject to 232 steel & aluminum tariffs. 

Customs and Border Protection (CBP) 

  • CBP updated its tariff FAQs clarifying that exemptions from reciprocal tariffs for goods that were in transit on April 5 or 9 only apply to ocean vessels.
  • CBP updated its IEEPA FAQs clarifying that if you are subject to aluminum and steel tariffs, you are not subject to reciprocal IEEPA tariffs.
  • CBP ruled that a partial duty exemption for U.S.-origin materials exported to a third country for assembly will not apply […]
By |2025-05-02T10:42:50-04:00May 2, 2025|news, Snapshot|0 Comments

Breaking Trade News: 232 Truck Investigation, Vessel Fees, Tariff Lawsuit

Here is a recap of the latest customs and international trade news:   

Administration  

  • During a White House event, President Trump said that the 145% tariff on Chinese goods would soon come down “substantially,” but not to 0%. 
  • President Trump said that he could resume reciprocal tariffs on countries as soon as 2-3 weeks.

Customs and Border Protection (CBP) 

  • To implement the Executive Order addressing low-value imports from China, CBP announced that the agency will be releasing updates to the certification environment for testing. These changes are scheduled to be deployed to production at 12:01 a.m. ET on May 2.
  • In a CSMS message, CBP reminded brokers and importers that, starting May 2, goods from China that were previously eligible for the de minimis exemption must now use a Type 11 or Type 01 entry.
  • CBP seized a shipment of counterfeit designer jewelry with a Manufacturer’s Suggested Retail Price of $9,222,800, had the goods been genuine.

Bureau of Industry and Security 

  • BIS issued a Federal Register notice requesting comment on the Section 232 national security investigation of imports of medium- and heavy-duty trucks and their parts. Comments are […]
By |2025-04-25T11:08:28-04:00April 25, 2025|news, Snapshot|0 Comments

Breaking Trade News: Critical Minerals Probe, Japan Tariff Talks, 232 Investigations & More

Here is a recap of the latest customs and international trade news:    

Administration  

  • President Trump signed an Executive Order directing the Commerce Department to investigate whether imports of processed critical minerals and their derivative products threaten to impair national security. 
  • President Trump issued a Presidential Memo stating that certain electronics are exempt from reciprocal tariffs, including smartphones, laptop computers, semiconductor manufacturing equipment, and memory chips. 
  • President Trump said he and his key advisors are set to meet with a top Japanese official to begin trade negotiations.  

Customs and Border Protection (CBP) 

  • CBP released its March 2025 monthly update. Highlights: 
    • Identified duties of nearly $15 billion to be collected 
    • Stopped 434 shipments on suspicion of forced labor 
    • Successfully implemented 13 tariff-related presidential actions 
  • CBP issued updated guidance for reciprocal tariff exclusions for specified products. 
  • CBP said during a webinar that the agency will start enforcing regulations requiring retail pharmacies to disclose the country of origin on the […]
By |2025-04-18T08:29:07-04:00April 18, 2025|news, Snapshot|0 Comments

Breaking Trade News: 125% China Tariffs, Reciprocal Tariff Pause, New WRO

Here is a recap of the latest customs and international trade news:

Administration  

  • President Trump increased tariffs on all Chinese goods to 125%. CBP subsequently issued guidance implementing the new tariff. 
  • President Trump paused reciprocal tariffs on all countries (except China) for 90 days. 
  • President Trump signed an Executive Order titled “Restoring America’s Maritime Dominance” that requires several agency heads to submit a Maritime Action Plan (MAP) within 210 days. 
  • President Trump signed an Executive Order increasing tariffs applicable to postal shipments. The order increases the tariff on postal shipments from China and Hong Kong that would otherwise qualify for de minimis, to 90%, or $75 per package. On June 2, the flat rate will increase to $150. 
  • At a press conference in the Oval Office, President Trump announced that tariffs on pharmaceuticals will be implemented “very soon.” 
  • President Trump signed an Executive Order targeting the law firm Susman Godfrey. The order suspends the security clearances of members of the firm and directs a review of federal contracts held by the firm’s clients. 

Customs and Border Protection (CBP) 

By |2025-04-11T10:08:49-04:00April 11, 2025|news, Snapshot|0 Comments
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