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...
News Advisories
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...
Retaliatory Tariff Update & Resources
The European Union (EU) is preparing countermeasures in response to the expansive tariffs the U.S. has imposed on EU imports. The EU currently faces 25% tariffs on steel, aluminum, and cars, and a 10% tariff on most other goods, potentially increasing after a 90-day...
New 25% Auto Part Tariffs
The U.S. began imposing an additional 25% duty on imports of certain auto parts from all countries on goods entered for consumption or withdrawn from a warehouse for consumption on or after 5/3/125 (12:01 am ET). According to the executive order, the auto parts are...
Auto Tariffs Recalibrated: Executive Order Clarifies Auto Import Duties
President Trump signed an executive order yesterday to prevent overlapping or “stacked” tariffs on imported automobiles that are currently subject to multiple trade actions. The goal is to ensure tariffs remain targeted and proportional, avoiding excessive cumulative...
Blank Sailings Increase into May from Asia to U.S.
Due to U.S.-China trade tensions and the volatility in tariff policies, shipping carriers have been implementing significant changes to their sailing schedules on routes from Asia to North America. As a result, there has been a reduction in available capacity, with...
Trade Tensions Between U.S. and China Disrupt Export Operations
Navigating Shifting Export Dynamics Amid China Tariffs Recent trade tensions between the U.S. and China are beginning to significantly impact export operations. According to the Journal of Commerce, Chinese buyers have started canceling orders across multiple sectors,...
Federal Investigations Could Lead to New Tariffs on Key Sectors
Federal Register filings have been released as the U.S. administration proceeds with investigations into imports of pharmaceuticals and semiconductors. A section 232 investigation has been initiated to determine whether imported processed critical minerals and...