Snapshot

Breaking Trade News: China Deal “Done,” CAFC Tariff Ruling, May CPI Report

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

Administration 

  • President Trump announced that the trade deal with China is done, subject to final approval by him and President Xi. In the announcement, the President noted that the China tariff rate would be adjusted to 55%.  
  • The U.S. Court of Appeals for the Federal Circuit stayed the Court of International Trade’s permanent injunction on President Trump’s executive orders implementing tariffs under IEEPA. The case will now be heard by the full bench of active judges in an en banc session on July 31, 2025. 
  • Treasury Secretary Scott Bessent said that Trump is “likely” to push back the July deadline for reciprocal tariffs. 

Industry News: 

  • The May Consumer Price Index showed steady inflation and cost of goods, despite economists’ forecasts of increases due to tariffs and trade volatility.  
  • India Prime Minister Modi and Industry Minister Goyal said that the U.S. and India are on track to sign a trade deal very soon. 

Customs and Border Protection (CBP)   

  • CBP updated its recent guidance on Section 232 tariffs to remove tariff schedule numbers that had been erroneously included as subject to
By |2025-06-13T08:39:07-04:00June 13, 2025|news, Snapshot|0 Comments

Breaking Trade News: Steel Tariffs to 50%, 301 Exclusions Extension, New WRO

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

Administration

  • On June 3, 2025, President Trump signed a Proclamation increasing Section 232 tariffs on steel and aluminum from 25% to 50%. The same day, CBP published guidance implementing the increase. All imports of steel and aluminum and their derivative products from all countries (except those from the UK) are subject to the 50% Section 232 Tariffs effective June 4, 2025.

Customs and Border Protection (CBP)  

  • New HQ ruling: CBP ruled that an importer is liable for duties on merchandise that it sought to import, despite arguing that it didn’t consent to having its broker designate it as an importer of record.
  • CBP issued a WRO against Zhen Fa 7 based on information that reasonably indicates the use of forced labor. Effective May 28, 2025, CBP personnel at all U.S. ports of entry will detain seafood, including but not limited to squid, harvested by Zhen Fa 7.
  • CBP’s Commercial Customs Operations Advisory Committee (COAC) will be holding its quarterly meeting on June 18, virtually, from Washington, D.C.

Department of Commerce 

  • Commerce Secretary Howard Lutnik testified before the Senate Appropriations Committee. Topics of discussion included trade deals, […]
By |2025-06-06T09:23:30-04:00June 6, 2025|news, Snapshot, Uncategorized|0 Comments

What Happened This Month in International Trade – May 2025

Another busy month in international trade news – Trump tariffs ruled unlawful, China tariff pause, UK trade deal, and more. Here’s the full roundup:

Administration   

  • President Trump signed an Executive Order reducing the reciprocal tariff on China from 125% to 10% for 90 days. 
  • 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%.  

Customs and Border Protection (CBP)  

  • CBP released their April 2025 monthly update. Highlights:
    • Successfully implemented tariffs guided by 21 presidential actions
    • Identified $117 million in duties and fees owed to the U.S. government
    • Stopped 140 shipments for further examination based on the suspected use of forced labor
  • CBP released a notice outlining refund procedures to implement President Trump’s executive order on tariff stacking. 
  • CBP updated its Section 232 tariff FAQ, clarifying that an exemption from reciprocal tariffs for goods subject to Section 232 tariffs only applies if duties are “owed and payable.” 

Court of International Trade (CIT)

By |2025-05-30T09:54:26-04:00May 30, 2025|news, Snapshot|0 Comments

Breaking Trade News: 50% EU Tariffs, USMCA 232 Auto Savings, Tariffs in Court

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

Administration:

  • President Trump posted on Truth Social that he is recommending a 50% tariff on the EU starting June 1st, claiming that negotiations with the EU are “going nowhere.”
  • President Trump posted on Truth Social that he expects Apple’s iPhones to be manufactured in the United States, threatening a 25% tariff if they are manufactured elsewhere.

Customs and Border Protection (CBP)  

  • CBP’s Office of Trade’s National Commodity Specialist Division (NCSD) announced several webinars in June as a part of the 2025 NCSD webinar series.
  • CBP has replaced the list of subheadings for commodities of energy and energy resources of Canada subject to 10% tariffs, IEEPA fentanyl tariffs. 
  • CBP reminds the pharmaceutical trade community of their legal obligations in light of ‘most-favored-nation’ drug-pricing requirements.
  • CBP officers in Houston seized counterfeit Apple phone chargers worth over $7 million.

Department of Commerce 

  • Commerce published a federal register notice establishing a process to reduce Section 232 tariffs on vehicles. In the notice, Commerce suggested that automakers will be able to save about $10 billion annually on USMCA-qualifying vehicles imported from Canada or Mexico by submitting documentation to the International Trade Commission […]
By |2025-05-23T11:34:13-04:00May 23, 2025|news, Snapshot|0 Comments

Breaking Trade News: China Reciprocal Tariffs Paused, CBP Monthly Update, IEEPA Tariff Case in Court

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

Administration   

  • President Trump signed an Executive Order reducing the reciprocal tariff on China from 125% to 10% for 90 days. 

Customs and Border Protection (CBP)  

  • CBP released their April 2025 monthly update. Highlights:
    • Successfully implemented tariffs guided by 21 presidential actions
    • Identified $117 million in duties and fees owed to the U.S. government
    • Stopped 140 shipments for further examination based on the suspected use of forced labor
  • CBP released a notice outlining refund procedures to implement President Trump’s executive order on tariff stacking. 
  • CBP published guidance clarifying what facilities can be considered bonded warehouses. Bonded warehouses don’t include container freight stations, inspectional facilities, or express consignment facilities.
  • CBP published an update to their FAQs clarifying that goods loaded onto feeder vessels before reciprocal tariffs took effect, but transferred to another vessel after, aren’t eligible for an exemption from the tariffs for in-transit goods.
  • CBP released guidance on the decrease of the reciprocal tariff rate on China to 10% as provided in the executive […]
By |2025-05-16T09:40:31-04:00May 16, 2025|news, Snapshot|0 Comments
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