The United States and European Union have announced a new framework agreement setting the stage for closer cooperation on tariffs, market access, and supply chain security. Both sides describe it as a starting point that could expand over time to cover additional areas of trade and investment. As part of the agreement, the EU intends…
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On August 15, the trade community was alerted to a significant development: more than 750 additional HTS codes have been added to the Section 232 steel and aluminum derivative list under Presidential Proclamations 10895 and 10896. These updates became effective, August 18, 2025, meaning imports of these products are now subject to higher tariffs. All…
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US Customs and Border Protection (CBP) has released a notice detailing plans to increase Consolidated Omnibus Budget Reconciliation Act fees by 34.331% to reflect inflation. Importers will see an increase in their US Customs user fees—minimum and maximum Merchandise Processing Fees (MPF)—effective October 1, 2025. Below are examples of the current fees and what the adjusted fees…
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On August 12, 2025, the White House issued a new Executive Order extending the temporary suspension of certain ad valorem reciprocal tariffs on goods from the People’s Republic of China (PRC) until 12:01 a.m. EST on November 10, 2025. Key Changes in the New Order Suspension Extended – The additional ad valorem duties imposed under…
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Effective August 1, 2025, the US government imposed a significant 50% ad valorem tariff on all imports of semi-finished copper and intensive copper derivative products, from all countries. This action stems from a Presidential Proclamation issued July 30 under Section 232 of the Trade Expansion Act of 1962, which authorizes the President to adjust imports…
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On August 6, President Trump issued a new Executive Order under the International Emergency Economic Powers Act (IEEPA) in response to actions taken by the Government of the Russian Federation against Ukraine that impose threats to national security and foreign policy of the US. To deal with the national emergency, a new 25% tariff has been imposed on imports from India,…
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Trans-Pacific carriers have announced a General Rate Increase (GRI) effective August 15, 2025, and September 1, 2025. These GRIs will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. August 15, 2025: General Rate Increase – Transpacific Eastbound To all…
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On July 31, 2025, the White House issued a sweeping Executive Order modifying US reciprocal tariff rates on a wide range of countries. The action—part of the administration’s broader effort to pressure trading partners into more favorable terms—imposes new tariffs ranging from 10% to 50%, effective August 7 (with Canada’s changes beginning August 1). What’s…
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