NEW 10% BASELINE TARIFF TO TAKE EFFECT APRIL 5 Starting at midnight on April 5th, a new baseline tariff of 10% will apply to all goods imported into the United States from countries not part of the USMCA (United States-Mexico-Canada Agreement). Goods from USMCA members—Mexico and Canada—will remain exempt, while [...]
On April 1, 2025, the U.S. government published the annex to the Section 232 auto tariff proclamation, detailing the specific products subject to new 25% tariffs on passenger vehicles, light trucks, and certain auto parts. The annex outlines key implementation dates and classifications to guide importers, exporters, and compliance professionals. [...]
The Bureau of Industry and Security (BIS) has announced additions to the annex of derivative products in alignment with Presidential Proclamation 10895, titled "Adjusting Imports of Aluminum into the United States," issued on February 10, 2025. The proclamation imposed specific tariffs on aluminum imports and derivative products. ALUMINUM DERIVATIVES ADDED [...]
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. [...]
