WHAT DOES THE PFIZER MOST-FAVORED-NATION AGREEMENT MEAN FOR U.S. TRADE POLICY? On September 30, 2025, the White House announced an agreement with Pfizer establishing the first application of most-favored-nation (MFN) pricing to U.S. pharmaceuticals. The policy is based on Executive Order 14297, signed May 12, 2025, “Delivering Most-Favored-Nation Prescription Drug [...]
WHICH IMPORTS ARE SUBJECT TO THE NEW SECTION 232 WOOD PRODUCT TARIFFS? Section 232 tariffs on timber, lumber, upholstered furniture, and wooden cabinets and vanities will take effect on October 14, 2025, following a White House proclamation issued under the Trade Expansion Act of 1962. The proclamation sets new duty [...]
WHAT NEW TARIFFS DID THE WHITE HOUSE ANNOUNCE? The White House recently issued a series of public statements via social media outlining new import tariffs effective October 1, 2025. The measures focus on heavy trucks, household furnishings, and branded pharmaceuticals. According to the statements, the following new tariffs will apply: [...]
WHAT IS THE NEW ACH REFUND AUTHORIZATION FUNCTIONALITY? On September 24, 2025, U.S. Customs and Border Protection (CBP) announced the release of a new Automated Clearinghouse (ACH) Refund Authorization tab in the Automated Commercial Environment (ACE) Secure Data Portal. The new functionality will become operational on September 30, 2025. This [...]
WHY DID THE FEDERAL CIRCUIT UPHOLD THE SECTION 301 TARIFFS? On September 25, 2025, the U.S. Court of Appeals for the Federal Circuit ruled on the validity of the Section 301 Tariffs for Lists 3 and 4A. The Court held that the Office of the U.S. Trade Representative (USTR) acted [...]
The Secretary of Commerce recently opened a Section 232 investigation into whether imports of personal protective equipment (PPE), medical consumables, and medical equipment, including devices, pose a risk to U.S. national security. The Bureau of Industry and Security (BIS) is managing the review and has requested public comments from industry [...]
WHAT ACTION DOES THE SEPTEMBER 25 NOTICE IMPLEMENT? On September 25, 2025, the Federal Register will publish a notice from the Department of Commerce’s International Trade Administration (ITA) and the Office of the United States Trade Representative (USTR) implementing tariff modifications under the U.S.-EU Framework on Reciprocal, Fair, and Balanced [...]
The United States and the United Kingdom of Great Britain and Northern Ireland have signed a Memorandum of Understanding (MOU) to implement the technology provisions of the U.S.–UK Economic Prosperity Deal. The MOU sets joint priorities in artificial intelligence (AI), civil nuclear energy, quantum technologies, and secure infrastructure. While not [...]
WHAT IS THE SECTION 232 AUTO PARTS INCLUSION PROCESS? The Department of Commerce’s interim final rule establishing the Section 232 automobile parts inclusion process took effect September 17, 2025, creating a formal pathway to add automobile parts to the tariff list under Proclamation 10908. Administration of this process falls to [...]
CBP FINALIZES JAPAN TARIFF FRAMEWORKÂ IMPLEMENTATION U.S. Customs and Border Protection (CBP) and the Department of Commerce have finalized amendments to the Harmonized Tariff Schedule of the United States (HTSUS) to implement Executive Order 14345. The changes set a 15 percent tariff for most Japanese imports, establish industry-specific treatment for automobiles, [...]
