President Trump Announces 90-Day ‘Pause’ of Reciprocal Tariffs Except China
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...
Updated Reciprocal Tariffs on Goods from China – Effective April 9, 2025
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...
Duty Drawback Confirmed for Country-Specific Reciprocal Tariffs
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...
CBP Confirms Duty Drawback Eligibility for New Reciprocal Tariffs Effective April 2025
U.S. Customs and Border Protection (CBP) has confirmed that duty drawback is available for the new reciprocal tariffs imposed under the Executive Order issued April 2, 2025. These tariffs, which went into effect on April 5, 2025, add an additional 10% ad valorem duty...