President Trump Announces Higher Tariff Rates Effective August 1st
After announcing an extension of the reciprocal tariff rates from July 9, 2025, to August 1,2025, President Trump published letters which were sent to various countries indicating the tariff rate the United States will impose on that country’s imports if the country does not enter
On Monday, July 7th, President Trump issued an Executive Order extending the deadline to re-impose higher reciprocal tariff rates on other countries from July 9, 2025 to August 1, 2025. This extension does not apply to the reciprocal tariff rates imposed on China pursuant to Executive Order 14298 of May 12, 2025.
This Executive Order
De Minimis Exemption to End
The House and Senate passed the tax bill, which includes a provision to end the de minimis exemption for all e-commerce effective July 1, 2027. The bill now goes to the President for his signature. The de minimis exemption currently allows imports at or under $800 in value to enter
On June 30, 2025, the U.S. Department of Commerce published in the Federal Register a notice to modify the Harmonized Tariff Schedule of the United States (HTSUS) to conform with General Terms of the United States of America-United Kingdom Economic Prosperity Deal (Executive Order 14309) with respect to automobiles, automobile parts, civil aircraft