There have been two notable tariff developments that importers should be aware of.
Beginning October 14, the United States will begin enforcing the long-awaited Section 301 port-entry fees targeting vessels that are built, owned, or operated by Chinese entities.
President Trump announced in a social media post that all U.S. imports of medium- and heavy-duty trucks will be subject to a 25% Section 232 tariff rate, effective November 1.
President Trump announced the implementation of Section 232 tariffs on lumber, kitchen cabinets, vanities, and other wood products, effective at 12:01 a.m. ET on Oct. 14.
Customs and Border Protection (CBP) has provided more guidance to implement tariff-related elements related to Executive Order (EO) 14346, “Modifying the Scope of Reciprocal Tariffs and Establishing Procedures for Implementing Trade and Security Agreements,” from September 5.
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Transmodal is offering the following as general guidance on IEEPA transshipment. Importers should seek professional advice regarding this guidance based on their company’s specific circumstances.
An Executive Order has been announced by President Trump regarding trade with Japan, with 15% baseline tariffs on most Japanese goods, including autos.