Breaking Trade News: Reciprocal Tariffs Take Effect, Additional Tariffs on India, FDA Food Traceability Extension
Here is a recap of the latest customs and international trade news:
Administration
- The Administration’s reciprocal tariffs took effect on August 7. Goods from more than 60 countries now face additional tariffs between 10% and 41%.
- On August 6, President Trump signed an Executive Order imposing an additional 25% tariff on imports from India to take effect Aug. 27. This applies on top of the 25% reciprocal tariff.
- President Trump told reporters that the U.S. will be imposing a tariff of “approximately 100%” on chips and semiconductors.
Customs and Border Protection (CBP)
- CBP published additional guidance on reciprocal tariffs. The guidance covers additional information on what goods are exempt, reiterates which goods are subject to reciprocal tariffs, the reporting sequence for HTSUS numbers, and how CBP will process goods determined to be transshipped.
- CBP released a Harmonized System Update on August 5 that contained 404 Automated Broker Interface records and 135 Harmonized Tariff Schedule records.
- CBP published guidance on how brokers and importers should apply the new 40% duties on goods imported from Brazil.
- CBP, in partnership with the FDA, seized 54,843 […]

