Effective August 1, 2025, the U.S. government has announced a 50% tariff on all imports of semi-finished copper products and intensive copper derivative products. This move, issued by President Trump in a formal Proclamation on July 30, aims to protect domestic industries and adjust trade dynamics for copper-related goods. What the New Copper Tariff Means […]
Read MoreEffective August 29, 2025, President Trump’s latest Executive Order eliminates the de minimis exemption for most commercial imports valued at $800 or less, a move that will significantly impact international shipping and customs practices for businesses and online retailers. What Is the De Minimis Exemption? The de minimis exemption allowed imported goods valued at $800 […]
Read MoreOn July 7, 2025, the White House issued Executive Order 14266, officially extending the current modification of reciprocal tariff rates. The full executive order can be accessed EXECUTIVE ORDER JULY 7th 2025 Key Details: Previous Deadline:The 90-day reciprocal suspension was originally set to expire at 12:01 a.m. EDT on July 9, 2025. Revised Deadline:Under Executive […]
Read MoreU.S. Customs and Border Protection (CBP) has released updated guidance on the recently expanded steel tariffs under Section 232 of the Trade Expansion Act. While there were no changes to the original list of steel products affected, the update corrects classification numbers for some steel derivative goods. What This Means for Importers As of June […]
Read MoreOn May 28, 2025, the U.S. Court of International Trade (CIT) issued a significant ruling that blocks the Trump Administration’s use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs on foreign imports. The decision impacts a broad range of tariffs, including those targeting fentanyl-related imports from Canada, Mexico, and China, as well […]
Read MoreFireworks have long been a staple of the Fourth of July celebrations but this year, Americans may face shortages and higher prices. The reason? Nearly all fireworks sold in the U.S. are imported from China, and the steep 145% tariff on Chinese goods is forcing U.S. distributors to either raise prices significantly or cut back […]
Read MoreThe U.S. Trade Representative (USTR) has announced its final actions regarding the Section 301 investigation into China’s shipbuilding industry, introducing significant changes from the initial proposals. Key Changes and Fee Structure: Revised Fees: Instead of a flat fee, new fees will be based on vessel net tonnage (NT) or container count and will apply per […]
Read MoreRay Dalio in Principles argues that while current events like tariffs grab headlines and have significant impacts, they are merely symptoms of much larger, more fundamental shifts underway. Focusing solely on these immediate events, attributed often to specific political figures like President Trump, distracts from the underlying breakdown of the major monetary/economic, domestic political, and […]
Read MoreOverview of Tariff Adjustments Effective immediately, the Executive Order introduces revised reciprocal tariff rates to align with global trade dynamics and address retaliatory measures by trading partners. These changes aim to promote fair trade practices while supporting domestic industries. Updated Tariff Structure Products Originating from China, Hong Kong, or Macau Applicable tariffs include: Commodity-specific Most-Favored-Nation […]
Read MoreSandler, Travis & Rosenberg, P.A. (ST&R) reports that on March 26, the President issued a proclamation imposing 25% tariffs on imported cars, light trucks, and specific vehicle parts under Section 232 of the Trade Expansion Act of 1962, citing national security concerns. These tariffs are based on a 2019 investigation and newly submitted information from […]
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