Customs attorney Dan Ujczo, who has contacts in the White House as well as clients who are major automakers, said he thinks the 25% tariffs on Canada and Mexico over migration and fentanyl will continue past April 2, and will be stacked with auto tariffs and the reciprocal levies.
Just before 2 a.m. on March 27, President Donald Trump posted on social media: "If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them both in order to protect the best friend that each of those two countries has ever had!"
The European Union is going to be the "major victim" of President Donald Trump's "Liberation Day" on April 2, experts at the Center for Strategic and International Studies predicted.
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.
Reactions from across the U.S. automotive industry and the world poured in after President Donald Trump announced 25% tariffs on all imports of automobiles beginning April 3.
Customs attorney Dan Ujczo, speaking to an audience of automotive industry compliance officials hosted by the Automotive Industry Action Group, cautioned that if the listeners' companies are exporting auto parts from Mexico or Canada, they shouldn't assume that they have until May 3 before 25% tariffs are going to bite. (This is assuming the parts currently qualify for USMCA and therefore are avoiding the 25% tariffs imposed on exports from those countries under the guise of a national emergency on fentanyl smuggling and migration.)
After the economic impact of tariffs takes hold in the U.S. economy, companies will have to employ a mix of "adroit supply chain management" and "begging" for tariff exemptions from the Trump administration, said William Reinsch, a senior adviser at the Center for Strategic and International Studies.
Vietnam is reportedly reducing tariffs on imported American liquefied natural gas, ethanol, automobiles and other goods as part of a bid to reduce its trade surplus with the U.S. and avoid facing increased duties imposed by the Trump administration (see 2502130030).
The Court of International Trade granted three wildlife advocacy groups' voluntary dismissal of a case seeking an import ban on fisheries from nine countries after the groups reached a settlement with the U.S. government. Judge Gary Katzmann dropped the case, though he retained jurisdiction over the matter to oversee implementation of the settlement, at the parties' request.
President Donald Trump, in a March 25 interview with Newsmax, said that while he doesn't "want to have too many exceptions" to the reciprocal tariffs, the percentage that is imposed may be lower than what the administration assesses is the total burden of tariffs and non-tariff barriers.