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.
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The White House quietly released Annex III to President Donald Trump’s executive order on reciprocal tariffs yesterday, detailing Harmonized Tariff Schedule subheadings that will be used for the tariffs that take effect at 12:01 a.m. April 5 and April 9.
The White House released a pre-publication copy of President Donald Trump’s executive order on reciprocal tariffs, with Annex III to the order detailing Harmonized Tariff Schedule subheadings that will be used for the tariffs that take effect at 12:01 a.m. on April 5 and on April 9.
Multiple countries this week objected to President Donald Trump’s April 2 announcement of new reciprocal tariffs against trading partners (see 2504020072), saying they either plan to retaliate or are assessing how to respond.
A former Trump trade negotiator, Kelly Ann Shaw, described as "one of the key architects of the Administration’s trade, investment, energy and national security policies" in Trump's first term by her current law firm, said the reciprocal tariffs announced April 2, based on goods trade deficits, are not the same tariffs that will be in place weeks, months or years from now.
The annex to the Section 232 auto tariff proclamation has been released, listing tariff subheadings subject to the 25% tariffs on passenger vehicles and light trucks beginning April 3, and setting the effective date for tariffs on auto parts at May 3 (and also listing the subheadings covered by those tariffs).
The U.S. will impose additional 10% tariffs on most imports, but not on Mexican and Canadian goods, information goods like books, music or films, or any goods either subject to Section 232 tariffs or among goods that Trump is considering protecting under Section 232, including pharmaceuticals, copper, lumber, semiconductors, certain critical minerals, and energy and energy products.
The annex to the Section 232 auto tariff proclamation has been released, listing tariff subheadings subject to the 25% tariffs on passenger vehicles and light trucks beginning April 3, and setting the effective date for tariffs on auto parts at May 3 (and also listing the subheadings covered by those tariffs).
President Donald Trump is imposing 10% tariffs on all imports other than those from Canada and Mexico, beginning April 5, according to a call detailing the reciprocal tariff actions ahead of the speech. These tariffs are not on top of Section 232 tariffs on autos and metals, a senior government official said on the call.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.