News Advisories

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 July 1, 2025, for auto part tariff review requests. After submission, valid requests will be posted on regulations.gov open to public comment for 14 days. Final determinations will be made within 60 days of receiving a request.

As the end of the 90-day IEEPA reciprocal tariff pause approaches, the White House continues trade talks with multiple countries to reach new agreements, leaving near-term tariff policy uncertain.

Canada and the EU are preparing potential retaliatory measures. Canada may hike counter-tariffs on U.S. steel and aluminum if a trade deal isn’t reached by mid-July, while EU leaders are still meeting to strategize a swift deal to avoid a potential increase in tariffs.

IEEPA reciprocal tariffs remain at 10% for most countries. On June 27th, President Trump announced via social media that the U.S. is terminating trade negotiations with Canada and will increase tariffs within the next 7 days. And while a trade agreement has been reached with the U.K., the White House also announced this week that the U.S. and China have signed a new trade agreement, though full details have not been released.

In the meantime, U.S. Customs and Border Protection (CBP) has an FAQ section with resources on current Section 301 tariffsSection 232 tariffs and IEEPA tariffs. We will continue to monitor the U.S.-China trade agreement and potential increase on tariffs for Canada and share more details once they are released by CBP. Please reach out to your Mallory Alexander representative or our M-PACT team for any questions related to calculating tariffs by HTS code.

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