CBP released guidance on the decrease of the reciprocal tariff rate on China to 10% beginning at 12:01 a.m. EDT on May 14. As provided in the executive order issued by President Donald Trump the previous day, the guidance says filers of entries from China, Hong Kong and Macau after the effective date should report subheading 9903.01.25, which is the subheading for the 10% universal tariff applicable to almost all countries.
The nominee to lead CBP, former Border Patrol Chief Rodney Scott, told the Senate Finance Committee that during high school in Nogales, Arizona, a lot of his friends' parents were customs brokers, so he saw the importance of free-flowing goods across borders.
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Customs brokers will be able to file Type 11 informal entries for articles under $2,500, even if they are categorized in Chapter 99 and are subject to tariffs, from all countries, according to an April 28 cargo systems message from CBP.
CBP on April 24 quietly removed from its list of FAQs on the International Emergency Economic Powers Act tariffs a question about limits on informal entry.
George Bogden, the executive director of CBP's Office of Trade Relations, is no longer employed at the agency, the administration said April 24.
CBP published more details of how it will collect duties or fees on imported packages worth less than $800 with Chinese goods in the public inspection pages of the Federal Register on April 24.
CBP released a notice on the end of de minimis eligibility for products from China and Hong Kong beginning May 2, as outlined in an executive order issued earlier this month. The notice describes the new system of tariffs on carriers for postal shipments that will take effect on that date, as well as changes to the Harmonized Tariff Schedule to implement the changes.
CBP issued the following releases on commercial trade and related matters:
More and more companies are requesting bonds that are worth millions of dollars and even "up to the billions at this point" as importers seek to ensure they have enough bonding to cover anticipated higher duties, Patrice Lafayette of Roanoke Insurance Group said during an April 23 webinar on tariffs hosted by Flexport.