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 »
Section 232 Derivative Value Adjustments – CBP Guidance Issuance
Dear Client, As you know, at President Trump’s direction in March 2018, CBP began collecting duties on steel and aluminum items that were classified in certain HTSUS as defined in the Presidential Proclamations 9704 and 9705. On February 10, 2025 President Trump issued the Aluminum Presidential Proclamation that set aluminum duties at 25% but also added a 25% tariff… Read more »
Tariffs On Automobiles And Automobile Parts
A Presidential Proclamation imposes a 25 percent tariff on automobiles entered for consumption or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on April 3, 2025, and on automobile parts on the date specified in the Federal Register, but no later than May 3, 2025, and shall continue in effect, unless such actions are… Read more »
CBP Section 232 Tariffs on Steel and Aluminum Frequently Asked Questions
U.S. Customs has published the following comprehensive list of Frequently Asked Questions regarding the importation of goods subject to Section 232 tariffs. These FAQs have been last modified by Customs on March 26, 2025. You may also access a recent update from the National Customs Brokers & Forwarders Association of America, Inc. (NCBFAA) which includes of summary of recent… Read more »
New Tariff Of 25% On Imports From Countries That Import Venezuelan Oil
The President has issued a new executive order announcing the following: “A tariff of 25% may be imposed on all goods imported into the United States from any country that imports Venezuelan oil on or after April 2, 2025, whether directly from Venezuela or indirectly through third parties”. “The Secretary of State, in consultation with the Secretary of the Treasury, the Secretary… Read more »
