Frequently, busy importers don’t give their customs bond much thought until they encounter a surety warning or a formal notice of Customs insufficiency. But since adequate bond coverage is crucial for maintaining a seamless supply chain, because it can prevent disruptions, unexpected expenses and excessive paperwork, grasping the concepts of bond limits and saturation is… Read more »
Monthly Archives: April 2025
Increase in Rate for China and Reversion of Other Country-Specific Rates, Effective April 10, 2025
The official guidance on reciprocal tariff updates is below. In summary, China’s reciprocal tariff rate is increased to 125% beginning today, April 10th, for any cargo that departed on the US-bound vessel April 9th and after. ALL other countries with country-specific reciprocal tariffs will be temporarily paused, which means ALL countries, besides, China, will have their… Read more »
Reciprocal Tariffs on Goods of China Increased To 84%, April 9, 2025, Effective Date
Please be advised of official new guidance issued by CBP moments ago via CSMS Message # 64687696: CSMS # 64687696 – UPDATED GUIDANCE – Reciprocal Tariffs on Goods of China, April 9, 2025, Effective Date The purpose of this message is to provide updated guidance on the additional duties due on imported merchandise which were imposed… Read more »
Reciprocal Tariff Details & Other Tariff Updates – NEW! Tariff Tracker Chart
Further to our email from yesterday about reciprocal tariffs, please see updates below: For detailed information review the Executive Order and the White House Fact Sheet. 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… Read more »
Reciprocal Tariffs
President Trump announced the implementation of Reciprocal Tariffs this afternoon. For detailed information review the Executive Order and the White House Fact Sheet. A 10% additional duty will be assessed on all goods from all countries effective April 5, 2025. Certain countries will have their own individual tariffs effective April 9, 2025. CNBC has published an article with a… Read more »
