An exemption for goods in transit from the reciprocal tariffs that recently took effect applies not only to ocean vessels, but to air and truck shipments as well, according to Jeff McCauley, senior director of operations and compliance at DHL Global Forwarding.
The Commerce Department is launching Section 232 investigations on imports of semiconductors and pharmaceuticals as a possible precursor to levying duties on these products, according to Federal Register notices released April 14.
CHANDLER, Ariz. -- The National Customs Brokers & Forwarders Association of America could help organize a class-action lawsuit against ocean carriers if enough of its members and other non-vessel operating common carriers (NVOCC) say they're unfairly being refused service contracts, industry officials said at the NCBFAA’s annual meeting.
CHANDLER, Ariz. -- Should the de minimis exemption eventually disappear for low-value shipments, the business-to-business-to-consumer model could rise as a result, according to panelists at the National Customs Brokers & Forwarders Association of America annual conference.
CHANDLER, Ariz. -- A litany of new tariffs is creating a number of issues that brokers need to be aware of as they interact with their importer clients, including bond insufficiency and a potential increase in CBP requests for information, according to speakers on an April 8 panel at the National Customs Brokers & Forwarders Association of America’s annual conference.
With the White House announcing this week the end of the de minimis exemption for goods made in China starting next month, the U.S. will need to have the customs and trade infrastructure in place to handle significantly higher volumes of formal and informal entries, said Bernie Hart, vice president of customs for logistics provider Flexport.
A day after President Donald Trump announced sweeping tariffs upon dozens of trading partners, including countries that the U.S. has historically had friendly relations with, customs brokers and importers have numerous questions, such as whether ACE has the ability to verify values accurately and what role drawback might have as companies respond to the tariffs.
Trade facilitation appears to be taking a back seat to trade enforcement, based on recent actions taken by President Donald Trump and the Department of Government Efficiency to streamline federal operations, said a trade attorney during a March 26 webinar on tariffs and recent trade actions sponsored by Venable.
As the U.S., Mexico and Canada are poised to renegotiate the free trade agreement known as USMCA among the three countries, expect the U.S. to review the rules of origin and "tighten them" in favor of requiring a higher percentage of North American content, trade attorneys with Miller and Chevalier said on a March 25 webinar sponsored by public accounting firm Forvis Mazars.
CBP has updated its FAQ on Section 232 tariffs for aluminum and steel on its website, addressing certain elements of the tariffs that the trade community has been grappling with, particularly on determining the value of new steel and aluminum derivatives outside of chapters 73 and 76 (see 2503140059.