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Breaking Trade News: 10% Tariff, NTE Report, CIT Settlement

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

Administration 

  • President Trump signed an Executive Order imposing a universal 10% tariff on all imports from ALL countries, effective 12:01 a.m. EDT on April 5, 2025. Additional country-specific tariffs will also apply.  
  • President Trump signed an Executive Order ending de minimis treatment for goods from China and Hong Kong starting May 2. 
  • The annex to the Section 232 auto tariff proclamation has been released. The annex lists tariff subheadings subject to the 25% tariffs on automobiles beginning April 3, and setting the effective date for tariffs on auto parts at May 3. 

United States Trade Representative (USTR) 

  • USTR submitted the 2025 National Trade Estimate (NTE) to President Trump and Congress. The NTE is an annual report detailing foreign trade barriers faced by U.S. exporters and USTR’s efforts to reduce those barriers. 
  • USTR held public hearings regarding proposed actions in the Section 301 investigation on China’s targeting of the maritime, logistics, and shipbuilding sectors for dominance. 

Customs and Border Protection (CBP)  

By |2025-04-04T10:26:07-04:00April 4, 2025|news, Snapshot|0 Comments

Trump Administration Announces Reciprocal Tariffs

On the first day of the Trump Administration, the President issued the America First Trade Policy. Among other priorities, the policy outlined the intention of the Administration to review trade agreements to ensure reciprocal and mutually advantageous free trade agreements with partner countries.

On February 13, 2025, President Trump issued a memorandum titled “Reciprocal Trade and Tariffs” instructing several agencies to investigate the harm to the United States from any non-reciprocal trade arrangements.

On April 2, 2025, President Trump signed an Executive Order and issued a Fact Sheet declaring a national emergency arising from conditions reflected in large and persistent annual U.S. goods trade deficits.

Effective at 12:01 a.m. (ET) on April 5, 2025, the United States will impose a 10% ad valorem baseline tariff on imports of all foreign-origin goods. This baseline tariff is in addition to any other applicable duties or tariffs.

Effective at 12:01 a.m. (ET) on April 9, 2025, the United States will impose country-specific tariff rates on imports from certain trading partners, which will apply even if goods are imported under a free trade agreement. These rates already include the 10% baseline tariff.

The country-specific rates included in Annex I to the executive order are:

Countries and Territories Reciprocal Tariff, Adjusted
Algeria30%
Angola32%
Bangladesh37%
Bosnia and Herzegovina35%
Botswana37%
Brunei24%
Cambodia49%
Cameroon11%
Chad13%
China34%
Côte d`Ivoire21%
Democratic Republic of the Congo11%
Equatorial Guinea13%
European Union20%
Falkland Islands41%
Fiji32%
Guyana38%
India26%
Indonesia32%
Iraq39%
Israel17%
Japan24%
Jordan20%
Kazakhstan
By |2025-04-07T13:29:44-04:00April 3, 2025|tariffs|0 Comments

What Happened This Month in International Trade News (March 2025)

Another busy month in international trade news – new tariffs, copper & lumber investigation, WTO disputes, and more. Here’s the full roundup:

Administration

  • On March 26, 2025, President Trump issued a Proclamation imposing a 25% tariff on automobiles and automobile parts imported into the U.S.
  • On March 24, 2025, President Trump issued an executive order enabling the Secretary of State to impose 25% tariffs on imports from countries that import oil from Venezuela.
  • On March 2, President Trump issued executive orders that postpone the removal of de minimis for Canada and Mexico.
  • President Trump signed an executive order directing the Commerce Department to investigate whether the importation of lumber, wooden cabinets, wooden furniture and paper pose a threat to national security under Section 232.

Customs and Border Protection (CBP)

  • CBP released the February 2025 monthly update. Highlights:
    • Identified $2.9 million in duties and fees owed.
    • Stopped 1,024 shipments for further examination based on the suspected use of forced labor.
    • Seized 1,815 shipments that contained counterfeit goods.
  • CBP issued guidance on import duties on imports of steel and steel derivative products.
  • CBP issued guidance on import duties on imports of aluminum and aluminum derivative products.
  • CBP issued guidance on the additional tariffs on imports from Canada and Mexico.

Office of Foreign Assets Control (OFAC)

  • OFAC issued an alert to raise awareness of recent terrorist designations of international cartels and the resulting sanctions and criminal liability risks for U.S. and foreign financial institutions and others […]
By |2025-03-28T15:59:22-04:00March 28, 2025|news, Snapshot|0 Comments

The Latest on Tariffs: Key Information for Importers – Automobile & Venezuela Oil Update 

In the last several weeks, the Trump Administration has issued dozens of executive orders impacting the trade community. The Orders impact tariffs, de minimis shipments, steel and aluminum imports, automobiles, and more.

New Tariffs on Mexico, Canada, and China

On February 1, 2025, President Trump first issued a fact sheet and thereafter signed three executive orders imposing new tariffs on imports from Canada, Mexico, and China:

  • 25% tariff on imports from Canada
  • 25% tariff on imports from Mexico
  • 10% tariff on imports from China

The tariffs on imports from China went into effect February 4, 2025. The tariffs on imports from Canada and Mexico were initially set to take effect February 4, 2025, but were delayed by one month following commitments made by both countries to secure the border and stop the flow of drugs into the United States.

In a Truth Social post on February 27, President Trump confirmed that the tariffs on Canadian and Mexican goods will go into effect on March 4. He also announced that China will face an additional 10% tariff starting March 4.

On March 3, 2025, President Trump issued an Executive Order increasing tariffs on imports from China from 10% to 20%. The Federal Register Notice for China can be found here.

On March 5, 2025, the Administration announced a temporary one-month pause on automobile tariffs for Mexico and Canada. Subsequently, on March 6, 2025, President Trump temporarily suspended tariffs on certain goods from Canada and Mexico that meet the United States-Mexico-Canada Agreement (USMCA) requirements, effective March 7, 2025. The Federal Register […]

By |2025-04-02T14:17:21-04:00March 28, 2025|tariffs|0 Comments

Presidential Powers and Tariffs: A Breakdown of Key Trade Laws

Under his America First Trade Policy, President Trump has made clear that his Administration intends to use every tool available to address unfair trade practices affecting U.S. companies, workers and national security.

In the first two months of this Administration, President Trump has issued over a dozen executive orders impacting international trade, many of them imposing or threatening to impose new tariffs. What authority does a President have to impose new tariffs? There are many laws that explicitly give the President authority to address various national concerns through the imposition of tariffs.

1. International Emergency Economic Powers Act (IEEPA)

Enacted in 1977, the IEEPA grants the President authority to regulate international commerce after declaring a national emergency in response to any unusual and extraordinary threat to the United States originating from abroad.

The law grants broad powers to the President to control economic transactions, although it does not mention tariffs specifically. President Trump invoked the IEEPA in 2025 to impose additional tariffs on imports from Canada, Mexico, and China, citing national security concerns related to illegal immigration and drug trafficking. Prior to this, no President had used IEEPA to impose tariffs.

2. Section 301 of the Trade Act of 1974

Sections 301-310 of the Trade Act of 1974, often referred to as “Section 301,” grants authority to the United States Trade Representative to take action against foreign countries that violate U.S. trade agreements or engage in acts that are “unjustifiable” or “unreasonable” and burden U.S. commerce.

USTR is authorized to conduct […]

By |2025-03-27T06:59:46-04:00March 27, 2025|Import, tariffs|0 Comments
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