CBP will very soon release a FAQ on some outstanding issues related to complying with the Section 232 tariffs on steel and aluminum derivatives, particularly derivatives outside of chapters 73 and 76 (see 2503140059), according to a CBP official speaking during CBP's bi-weekly ACE trade support call.
Even Flexport's advisors are stumped over how exactly to declare a value for the aluminum or steel content for affected derivative products (see 2503140059), based on comments made during a webinar hosted by the company March 18.
Customs brokers and importers are still grappling with how to comply with the Section 232 tariffs on steel and aluminum derivatives that went into effect just after midnight on March 12 (see 2503120054).
Actions to slap an effective date of March 12 for Section 232 tariffs on steel and aluminum derivatives outside of Chapters 73 and 76 -- and to give the trade community less than three hours to get their systems in place so that they can comply with this new effective date -- sent brokers and importers into a tailspin.
The implementation of -- and seemingly abrupt reprieve from -- 10% to 25% duties on goods imported from Canada and Mexico is causing whiplash among customs brokers.
CBP plans to double down on implementing President Donald Trump's America First trade policy, according to federal officials speaking during the quarterly meeting of the Commercial Customs Operations Advisory Committee, held in Atlanta on March 5.
The trade community is closely watching whether plans by the Department of Government Efficiency to drastically cut the federal workforce will have any impact on trade operations, judging by recent social media posts.
President Donald Trump's plan to remove the de minimis exemption from goods made in China and Hong Kong may just be the start of a bigger push to remove that exemption from other countries, according to trade experts speaking during a Feb. 13 webinar sponsored by ShipHero, a warehouse management system provider for e-commerce and third-party logistics firms.
Importers appear to be clamoring for more clarity over how CBP could potentially process imports of steel and aluminum derivatives in response to President Donald Trump’s executive orders earlier this week calling for 25% tariffs on steel and aluminum (see 2502110004).
The abrupt change in how CBP will process low-value goods made in China because of President Donald Trump's executive order banning the de minimis exemption for these goods (see 2502030034) is causing some upheaval among shippers unfamiliar with the other types of customs processing, importers, brokers and logistics providers told International Trade Today.