25% TARIFF ON IMPORTED VEHICLES TAKES EFFECT IN APRIL; AUTO PARTS TO FOLLOW BY EARLY MAY On April 3, 2025, a new 25% tariff on imported passenger vehicles—including cars, light trucks, and cargo vans—will take effect at 12:01 a.m. ET, following a presidential proclamation issued under Section 232 of the [...]
UPDATE - MARCH 25, 2025: WHITE HOUSE ISSUES EXECUTIVE ORDER CLARIFYING 25% SECONDARY TARIFF ON VENEZUELAN OIL TRADE The White House published a late-night executive order providing clarification on the application, administration, and enforcement of the upcoming 25% tariff on imports from countries that purchase oil from Venezuela. 1. Tariff [...]
On March 11, 2025, the European Union (EU) announced retaliatory tariffs as 25% tariff on steel and aluminum U.S. imports went into effect at 12:01 a.m. March 12, 2025 ending all country-specific quotas and exclusions. These EU countermeasures target approximately €26 billion (around $28.4 billion) worth of U.S. goods and [...]
LATE-DAY ANNOUNCEMENT: ADDITIONAL 50% TARIFF ON STEEL AND ALUMINUM CANADIAN PRODUCTS ON HOLD President Donald J. Trump told reporters at the White House that he 'probably' would not proceed with increasing tariffs on Canadian steel and aluminum to 50%, following the Ontario premier’s decision to roll back a surcharge on [...]
25% TARIFFS ON EUROPEAN UNION IMPORTS ANNOUNCED The White House announced on February 26, 2025, its intention to impose a 25% tariff on all European Union (EU) imports. This decision follows recent U.S. trade measures, including 25% tariffs on imports from China, Mexico, and Canada, as well as the reinstatement [...]
The White House recently initiated a Section 232 investigation into copper imports, citing national security concerns on U.S. reliance of foreign-mined, smelted, and refined copper. The executive order directs the Commerce Department to determine if this dependence is harming domestic copper production and negatively impacting industries necessary to national defense, [...]
LABOR ACTION IMPACTS ROTTERDAM PORT OPERATIONS A labor strike at Rotterdam's Delta II terminal is intensifying, with Dutch union FNV Havens calling for dockworkers in other European ports to refuse handling vessels diverted from the terminal. This action raises concerns about potential cross-border “solidarity strikes,” which could disrupt regional trade. [...]
On February 10, 2025, President Donald J. Trump signed two proclamations—Adjusting Imports of Steel Into the United States and Adjusting Imports of Aluminum Into the United States—reinstating 25% tariffs on all steel and aluminum imports. The move eliminates prior exemptions and alternative agreements, significantly impacting global trade. WHY THE U.S. [...]
BIS PUTS NEW EXPORT LICENSE APPLICATIONS ON "HOLD WITHOUT ACTION" The Bureau of Industry and Security (BIS) has paused reviews of new export license applications submitted after February 5, 2025. No formal announcement has been published from the agency, nor have the actions been announced on the White House website. [...]
On February 13, 2025, President Donald J. Trump announced the Fair and Reciprocal Plan, a new trade and tariff strategy aimed at addressing imbalances in international trade. This announcement follows the administration’s decision earlier in the week to impose 25% tariffs on steel and aluminum imports. According to President Trump, [...]
