U.S. tariff and trade policy continues to evolve as the White House addresses trade deficits and national security concerns with trade partners. PHARMACEUTICAL AND SEMICONDUCTOR SECTION 232 TARIFF TIMELINE Section 232 tariffs on imported pharmaceuticals will commence at the end of July with a nominal duty rate. U.S. production facilities [...]
In two nearly identical letters dated July 11, 2025, President Donald J. Trump informed Mexico’s President‑elect Claudia Sheinbaum Pardo and European Commission President Ursula von der Leyen that, effective August 1, 2025, the United States will impose a 30 percent tariff on “all” Mexican‑ and EU‑origin products entering the country citing the measure as a response to national‑security concerns and long‑standing trade imbalances. ADDITIONAL 30% TARIFF FOR MEXICO AND EUROPEAN UNION Universal [...]
During an Oval Office appearance with NATO Secretary-General Mark Rutte, President Donald Trump warned that if Russia “doesn’t stop bombing Ukraine within 50 days,” the United States will impose 100 percent duties on the U.S. imports of any third-country that continues to purchase from Russia. WATCH: JULY 14 WHITE HOUSE BRIEFING WHAT “SECONDARY TARIFFS” MEAN The President [...]
Over two consecutive evenings, President Donald Trump released three separate tariff notices that, taken together, would raise U.S. import duties on refined copper, most Canadian goods and the entire spectrum of Brazilian exports beginning 1 August 2025. The information was announced via Truth Social posts and has not been formally [...]
DE MINIMIS ENDS FOR FDA REGULATED SHIPMENTS In a recent Bulletin, U.S. Customs and Border Protection announced that all prior de minimis exemption guidance notifications for FDA-regulated products have been rescinded as of July 9, 2025. This operational shift leverages significant technological enhancements within both the trade and FDA systems [...]
UPDATE: The following article was updated to include additional trade partner rates announced by the White House via social media on July 9, 2025. EXECUTIVE ORDER EXTENDS RECIPROCAL TARIFF PAUSE THROUGH AUGUST 1 On July 7, 2025, the White House issued an executive order extending the temporary suspension of [...]
U.S. SUPPLY CHAIN IMPACTS FROM THE 2025 BUDGET RECONCILIATION PACKAGE On July 4, 2025, H.R. 1, known as the One Big Beautiful Bill Act, was signed into law by the White House. As a budget reconciliation package, the legislation modifies federal tax policy, raises the country's debt ceiling, and sets [...]
NEW U.S.-VIETNAM TRADE FRAMEWORK The White House has announced a new bilateral trade framework with Vietnam, which includes the application of tariffs on U.S. imports from Vietnam and expanded market access for U.S. exports to Vietnam. According to public statements on social media, goods originating from Vietnam will be subject [...]
IMPLEMENTATION MARKS A NEW COMPLIANCE ENVIRONMENT FOR U.S.-UK TRADE June 30, 2025, signaled the first operational checkpoint in the rollout of the U.S.-UK Economic Prosperity Deal under Executive Order 14309. The new tariff provisions introduce quota administration, reduced duty rates, and non-stacking protocols that directly impact how eligible UK-origin goods [...]
DIGITAL SERVICES TAX REPEAL CLEARS PATH FOR NEGOTIATIONS Canada announced its decision to officially withdraw its Digital Services Tax (DST) following a brief suspension of trade negotiations with the United States. On June 29, 2025, Canada's Finance Minister François-Philippe Champagne confirmed that the June 30 collection would be halted, and [...]
