by J.M. Rodgers Co. | Apr 15, 2025 | Industry News, Supply Chain Roundup
This week: President Trump pauses reciprocal tariffs for most US trading partners but raises rate on China Following months of pre-tariff frontloading, US retailers slash import forecast for second quarter Hopes for a trucking rebound in 2025 fade as US truckload and...
by J.M. Rodgers Co. | Apr 10, 2025 | Duty Drawback, Industry News
On April 10, 2025, U.S. Customs and Border Protection (CBP) issued CSMS #64701128, updating previous guidance related to the Reciprocal Tariff Program initiated by Executive Order 14257. This latest directive reflects a major policy shift: the tariff rate on imports...
by J.M. Rodgers Co. | Apr 9, 2025 | Duty Drawback, Industry News, Tariffs
President Trump announced on Truth Social that a 90-day pause and a “substantially lowered” of the reciprocal tariffs, effective immediately. “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff...
by J.M. Rodgers Co. | Apr 9, 2025 | Duty Drawback
Starting April 9, 2025, the U.S. has imposed a significantly higher tariff on most imported goods from China. Under a new Executive Order signed on April 8, the reciprocal tariff rate increases from 34% to 84% for qualifying goods. This change, outlined in CSMS...
by J.M. Rodgers Co. | Apr 8, 2025 | Duty Drawback
U.S. Customs and Border Protection (CBP) has reaffirmed that duty drawback is available on the new Reciprocal Tariffs imposed by Executive Order 14257, including both: The general 10% ad valorem duty under HTSUS 9903.01.25 (effective April 5, 2025) And the...
