President Trump announced via social media that the U.S. and Vietnam have reached an agreement under which tariffs will now be 20% on imports from Vietnam and 40% on goods shipped through Vietnam. In return, U.S. exports to Vietnam will face no tariffs, with...
News Advisories
Tariff Watch: New ITA Auto Process, U.S.-China Deal Signed & Canada Talks Terminated
The International Trade Administration (ITA) issued an announcement this week about a new process to add automobile parts to the list of parts subject to Section 232 tariffs. ITA will open two-week submission windows each January, April, July, and October, starting...
Steel Tariff Changes Effective June 23, 2025
A CSMS was released by U.S. Customs and Border Protection (CBP), with guidance on additional steel derivative products subject to the Section 232 50% tariffs. These changes are effective for goods entered for use or withdrawn from a warehouse for use on and after...
U.S.–U.K. Trade Deal Implementation Begins
An executive order was issued on June 16, 2025, to implement key provisions of the U.S.–U.K. trade deal announced on May 8, 2025, with U.K. Prime Minister Keir Starmer. Key points include: Automobile Tariff-Rate Quota: Allows 100,000 U.K.-made automobiles annually to...
June Carrier & Ocean Freight Update
Port Fees on Chinese-Built Vessels: The Baltic and International Maritime Council (BIMCO), is developing a standard clause to address how ocean carriers will handle new U.S. port fees on Chinese ships, which take effect Oct. 14 and are expected to significantly raise...
50% Tariffs on Steel and Aluminum
President Trump signed a proclamation increasing tariffs on steel and aluminum imports (and their derivative articles) from 25% to 50%, effective June 4, 2025 at 12:01am ET. UK Exception: Imports from the United Kingdom will remain at 25% under the new U.S.-UK...
CBP & USTR Extend Key Tariff Deadlines
CBP Extends In-Transit Tariff Exception Deadline to June 16th U.S. Customs and Border Protection (CBP) has released a new CSMS # 65201773 related to reciprocal tariffs under the International Emergency Economic Powers Act (IEEPA). CBP’s prior guidance was that it...
U.S. Court Blocks IEEPA Tariffs
Yesterday the Court of International Trade (CIT) ruled the International Emergency Economic Powers Act (IEEPA) tariffs are unlawful. The decision blocks tariffs which the U.S. administration used to justify sweeping duties by declaring a national emergency. The duties...
U.S. Pressures EU on Trade Ahead of 90 Day Tariff Deadline
After meetings with G7 finance leaders in Banff, Alberta, Treasury Secretary Scott Bessent said President Trump is dissatisfied with the European Union’s trade proposals and is pushing for better terms. Trump has recommended a 50% tariff on EU goods starting June 1....
New U.S. and UK Trade Deal Announced
In a press conference today, President Trump announced a new trade deal that lowers UK tariffs on U.S. goods from 5.1% to 1.8%, while the U.S. maintains a 10% tariff on UK imports. A fact sheet was released by the White House which also highlights: A new auto tariff...