On April 5, 2025, U.S. Customs and Border Protection (“CBP”) issued guidance through the Cargo Systems Messaging Service (“CSMS”) that duty drawback is available for the 10% universal baseline tariffs that take effect on April 5, 2025.
The CSMS stated CBP will issue separate guidance for the country-specific tariffs that take effect April 9, 2025.
President Trump Issues Universal Reciprocal Tariff and Higher Individualized Rates for Certain Countries
On April 2, 2025, President Trump issued an Executive Order (“EO”) imposing a 10% universal tariff on imports from all countries (with certain exceptions) pursuant to the International Emergency Economic Powers Act of 1977 (“IEEPA”). These tariffs will take effect at 12:01
As reported in our prior update on April 2, President Trump issued an Executive Order (“EO”) imposing sweeping tariffs on a broad range of imports from virtually all trading partners.
The text of the EO references two annexes. According to Sections 2 and 3(a) of the EO, Annex I sets forth the country-specific reciprocal tariff
On April 2, 2025, President Trump issued an Executive Order (“EO”) imposing a 10% universal tariff on imports from all countries (with certain exceptions described below) pursuant to the International Emergency Economic Powers Act of 1977 (“IEEPA”). These tariffs will take effect at 12:01 a.m. eastern standard time on April 5, 2025.
The tariff rates
On April 2, 2025, President Trump published the Annex of automobiles and automobile parts subject to tariffs pursuant to Section 232 of the Trade Expansion Act of 1962. This follows the President’s March 26, 2025 Proclamation announcing the forthcoming 25% tariffs on certain vehicles and related parts, which we previously reviewed here. This Annex
On April 2, 2025, the Department of Commerce’s Bureau of Industry and Security issued a draft Federal Register notice adding cans of beer and empty aluminum cans to the list of aluminum “derivative” products subject to tariffs pursuant to Section 232 of the Trade Expansion Act of 1962. Today’s announcement is a follow-on to the
Commerce Department Establishes Standard Policy for Questionnaire Extensions in AD/CVD Proceedings
The Department of Commerce issued a new policy to create uniform filing deadline extensions in antidumping duty and countervailing duty proceedings. Overall, the policy will decrease the amount of time received in extension requests for initial and supplemental questionnaires. The specific policy updates include