Snapshot

What Happened This Month in International Trade (February 2025)

Another busy month in international trade. Here is a roundup of the latest legal and policy developments.

Customs and Border Protection (CBP)

  • CBP released their January 2025 monthly update. Highlights:
    • Seized 1,977 shipments that contained counterfeit goods.
    • Stopped 1,986 shipments for suspected use of forced labor.
    • Identified $71 million in duties and fees owed to the U.S. government.
  • CBP announced the results of their recently completed global interoperability standards technology demonstrations. The results will help the agency in its efforts to modernize ACE 2.0 and make it consistent with CBP’s 21st Century Customs Framework.

Administration

  • In a Truth Social post, President Trump stated that the suspended 25% tariffs on goods from Mexico and Canada will go into effect on March 4. He also stated that China will also face an additional 10% tariff beginning March 4.
  • President Trump issued a memorandum titled “Defending American Companies and Innovators From Overseas Extortion and Unfair Fines and Penalties.” The memo instructs USTR to consider whether to renew 301 investigations of several Digital Services Taxes and other policies that may discriminate against the United States.
  • In a Truth Social post, President Trump announced that on March 1, the Administration is terminating the “Concession Agreement” that the Biden Administration reached with Nicolas Maduro of Venezuela. The agreement involved oil transactions and electoral conditions. According to the post, the electoral conditions have not been met and the country has failed to transport Venezuelan migrants back to Venezuela.
  • During a White House Cabinet meeting […]
By |2025-02-28T07:25:02-05:00February 28, 2025|MTB, Snapshot|0 Comments

Breaking Trade News: CBP Jan Update, USITC, Congress

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

Customs and Border Protection (CBP)  

  • CBP released their January 2025 monthly update. Highlights: 
    • Seized 1,977 shipments that contained counterfeit goods. 
    • Stopped 1,986 shipments for suspected use of forced labor. 
    • Identified $71 million in duties and fees owed to the U.S. government. 
  • The next 17th term Commercial Customs Operations Advisory Committee (COAC) quarterly public meeting will take place Wednesday, March 5th, 2025, in Atlanta, GA from 1:00-5:00 p.m. Eastern Time. 
  • CBP intercepted a first in the nation pest at the Calexico Port of Entry. 
  • Chicago CBP seized over 161K counterfeit U.S. Forever stamps. 
  • On February 22, CBP will migrate the ACE Portal account user access management functionality to the modernized ACE Portal retiring the legacy ACE Portal.  

Administration  

  • At a press conference, President Donald Trump said that he will “probably” say more about […]
By |2025-03-20T22:04:02-04:00February 21, 2025|news, Snapshot|0 Comments

Breaking Trade News: ACE 2.0, Steel & Aluminum Tariffs, FMC

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

Customs and Border Protection (CBP) 

  • CBP announced the results of their recently completed global interoperability standards technology demonstrations. The results will help the agency in its efforts to modernize ACE 2.0 and make it consistent with CBP’s 21st Century Customs Framework. 
  • CBP published a Federal Register notice decreasing the IRS rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties. 
  • Reminder: Registration for the April 23 CBLE is open and will close March 12 at 4:30 p.m. EDT.  
  • CBP created Harmonized Systems Updates 2505 and 2506.  

Administration 

  • President Trump signed two Presidential Proclamations imposing 25% Section 232 duties on all imported steel and aluminum. 

Bureau of Industry and Security (BIS)

  • BIS has paused reviews of new export license applications submitted this month without explanation.

Federal Maritime Commission (FMC) 

  • A Florida-based non-vessel-operating common carrier (NVOCC) has paid $165,000 in civil penalties and agreed to accept and self-finance independent monitoring of their business practices as part of […]
By |2025-03-20T22:06:14-04:00February 14, 2025|news, Snapshot|0 Comments

Breaking Trade News: CBP Dec Update, UFLPA, BIS

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

Customs and Border Protection (CBP) 

  • CBP released the December 2024 monthly update. Highlights: 
    • Identified estimated duties of nearly $7.4 billion to be collected. 
    • Stopped 1,404 shipments for further examination based on the suspected use of forced labor 
    • Seized 1,687 shipments that contained counterfeit goods  
  • CBP issued a Notice of Proposed Rulemaking to enhance low-value shipment enforcement. 
  • CBP issued an interim final rule that requires producers of automotive parts and vehicles to supply more data elements to prove that these goods are eligible for preferential tariff treatment under the USMCA. 
  • CBP issued a proposed rule that would bans 301 goods from de minimis, and require HTS for all entries. 
  • CBP is adding two new parties (“Intermediary” and “Source”) to the list of entity party types that can input Global Business Identifiers in the ACE Cargo Release. 
  • CBP officers stationed in Chicago […]
By |2025-03-20T22:59:07-04:00January 17, 2025|news, Snapshot|0 Comments

Customs and Trade News Weekly Snapshot

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

 Customs and Border Protection (CBP) 

  • CBP issued guidance on the modifications made to the Section 301 China Tariff Four Year Review, increasing tariff rates on five subheadings of the Harmonized Tariff Schedule of the United States (HTSUS). 
  • CBP issued a proposed rule that would mandate the submission of more detailed electronic export manifest (EEM) data for cargo leaving the U.S. by rail. 
  • CBP officers seized several shipments of counterfeit Tiffany & Co. Pieces. If genuine, the merchandise would have an estimated total Manufacturer Suggested Retail Price (MSRP) value of approximately $29,989. 
  • CBP officers seized 22,000 counterfeit Pennsylvania vehicle inspection stickers that were shipped from Israel to an address in Philadelphia. The fake inspection stickers were assessed at $1,404,700, had they been authentic. 

Bureau of Industry and Security (BIS) 

  • BIS issued an advance notice of proposed rulemaking (ANPRM) seeking public comment to inform a potential rule that would impose restrictions on Chinese drones. 
  • BIS published its Export Enforcement 2024 Year in Review Report.
By |2025-01-10T14:47:07-05:00January 10, 2025|news, Snapshot|0 Comments
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