CBP issued the following releases on commercial trade and related matters:
CBP created Harmonized System Update 2524 on June 27, containing 484 Automated Broker Interface records and 114 Harmonized Tariff Schedule records. HSU 2524 includes the Mid-Year 484(f) changes, effective July 1, and adjustments required by the verification of the 2025 Harmonized Tariff Schedule.
Even though CBP has given some guidance on how to interpret the "in transit" reciprocal tariff exclusions, the trade is still grappling with how to proceed with the changes, according to a June 27 letter to DHS Secretary Kristi Noem and incoming CBP Commissioner Rodney Scott.
As companies seek to accommodate changes in U.S. tariffs, they should seek to understand the terms of their intercompany agreements and transfer pricing policies to avoid potential violations, according to an energy and infrastructure lawyer with Baker McKenzie.
Sen. Jeanne Shaheen, D-N.H., speaking at the NATO Public Forum in the Netherlands, said she believes Congress is ready to approve a bill that would impose a wide range of sanctions on Russia and its supporters if Moscow refuses to reach a peace deal with Ukraine, including a 500% tariff on imported goods from countries that buy Russian oil, gas, uranium and other products (see 2504020003).
CBP issued the following releases on commercial trade and related matters:
CBP created Harmonized System Update 2523 on June 22, containing 21 Automated Broker Interface records and eight Harmonized Tariff Schedule records. HSU 2523 includes Section 232 Additional Derivative Steel adjustments that went into effect June 23 (see 2506200066).
A product classification tool made by AI-informed trade compliance platform Gaia Dynamics scored 100% on the product classification section of the April 2025 U.S. customs broker license exam, the Palo Alto, California-based company said in a June 23 release.
FormuKleen, a Boca Raton, Florida-based importer in the hospitality industry, accused Miami-based freight forwarder and customs broker Top Shipping Systems (TSS) of violating the Shipping Act by withholding two “high-value” shipments in an attempt to obtain payment for past-due invoices for other shipments, according to a complaint filed this month with the Federal Maritime Commission.
The National Customs Brokers & Forwarders Association of America and dozens of state and national-level trade groups representing shippers have signed a letter warning the heads of multiple federal agencies of potential supply chain disruptions that could result should tariff changes proceed as planned.