NEWLY ANNOUNCED 90-DAY TARIFF SUSPENSIONS COULD REDUCE IMPORT COSTS ON CHINESE GOODS—IF COMPANIES MOVE QUICKLY On May 12, 2025, the United States and China jointly agreed to temporarily roll back key tariffs imposed over the past six weeks. While the agreement suspends 24 percentage points of newly added tariffs [...]
On May 8, 2025, President Donald Trump and UK Prime Minister Keir Starmer announced a new U.S.–UK trade framework, marking a significant shift in transatlantic trade policy. The leaders outlined mutual commitments to improve market access, reduce trade barriers, and protect strategic industries. "The deal includes billions of dollars of [...]
U.S. Customs and Border Protection (CBP) has issued a clarification regarding the in-transit exemptions under the new reciprocal tariff policy. In an April 30 update to its IEEPA Reciprocal Tariffs FAQ, CBP confirmed that exemptions from the tariff increases—applicable to goods in transit as of April 5 or April 9—apply [...]
PROCLAMATION: U.S. ASSEMBLED AUTOMOTIVES ELIGIBLE FOR SOME TARIFF RELIEF On April 29, 2025, the White House issued a proclamation modifying how Section 232 duties apply to auto parts. Automakers that assemble vehicles in the United States may now apply for a limited tariff offset to reduce their Section 232 parts [...]
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. [...]
SECTION 321 TYPE 86 SHIPMENTS Customs and Border Protection (CBP) has identified areas for improvement in the management of low-value shipments under Section 321. The Notice of Proposed Rulemaking (NPRM) published on January 14, 2025 outlines significant changes to the de minimis shipment process, specifically impacting Type 86 entries. [...]
Demand for air cargo surged in Asia, the Middle East, and India. The volume spike began in May 2024 driven by the ongoing disruptions in global container shipping. As shippers find it increasingly difficult to secure space on container vessels, they turn to air cargo freight solutions. VOLUMES TRENDING UP [...]
The Port of Nevada officially opened this month. Its first container was received on June 3rd. Located in Fernley, 30 minutes east of Reno, the 224-acre inland port handles imports and exports between northern Nevada and the Port of Oakland. The President of the Port of Nevada, Stuart Lichter, emphasized [...]
FRANCIS SCOTT KEY BRIDGE COLLAPSE Since the collapse of the Francis Scott Key Bridge on March 26, 2024, the Port of Baltimore has been closed to ocean vessels. Salvage teams continue to work around the clock to clear the channel of obstructions. In a statement released on Wednesday, the Unified [...]
On May 31, 2024, the Court of International Trade (CIT) stated that the duty drawback claim liquidation timeframes are defined by the end of the protest timeframe. The case issues clear guidelines on the conditions under which duty drawback claims become deemed liquidated, which could potentially have significant implications for [...]
