The U.S. and China have agreed to ease recent tariff measures as part of a 90-day pause in their trade dispute, effective by May 14, 2025. Each side will lower tariffs by 115% while keeping a 10% base tariff in place. They will also roll back specific additional...
The U.S. administration announced a temporary 90-day exemption for certain tech products, including smartphones, laptops, memory chips and monitors from the latest 125% tariff on imports from China. However, Secretary of Commerce Howard Lutnick clarified that these...
This afternoon President Trump announced new reciprocal tariffs on imports from many countries. These tariffs will start at a minimum of 10% but many countries will be at a higher rate. For example, China's rate was announced at 34% and the EU at 20%. You can view the...
During a press conference on March 26, 2025, President Trump announced a new 25% tariff on all imported automobiles and parts, effective April 3rd. The president then signed a proclamation invoking Section 232 of the Trade Expansion Act of 1962. The tariffs will apply...
Recent developments reported by the Wall Street Journal suggest that U.S. administration is considering narrowing the scope of the reciprocal tariffs planned for April 2. The U.S. administration still plans to announce reciprocal tariffs, with some flexibility and...
The U.S. Customs and Border Protection (CBP) has issued an update regarding the additional duties on energy and energy resources imported from Canada. Additional guidance is provided around the energy products subject to a 10% additional duty that do not qualify under...
Countries continue to announce retaliatory tariffs and trade restrictions in response to recent U.S. tariff increases. Below is a summary of the recent actions: Starting March 10, China imposed additional tariffs of 10% to 15% on various U.S. agricultural products,...
The 25% tariffs on most Canadian & Mexican imports took effect at 12:01 a.m. ET on March 4, 2025, following a one-month delay for both countries to address border security concerns. Not long after the tariffs went into effect, the U.S. administration issued a...
The annexes at the end of the federal register notices below provide details about the aluminum derivatives and steel derivatives that will be subject to additional tariffs. Importers will pay additional duty on the aluminum steel content of the items that are not...
The United States Trade Representative (USTR) announced plans to modify tariffs on Chinese goods in response to unfair trade practices. This follows a four-year review of the tariffs initially imposed under Section 301. Why the Change? The USTR concluded that while...
