Multiple media outlets are reporting that the paused tariffs with Canada and Mexico will go into effect on March 4, 2025.  It has also been stated that the 10% additional tariffs on goods from China implemented in early February may be increased to 20% effective on March 4, 2025.

To read our advisory, check out the file below.

As the Administration continues to announce numerous new tariffs on various imported goods, it is crucial for importers to review their continuous bond sufficiency. With increased tariff rates and new product categories subject to additional duties, the potential for higher liabilities has significantly risen.

To read the full advisory check out the link below:

On February 11, 2025, the President issued a proclamation regarding the importation of steel and aluminum articles, increasing tariff rates to 25% from all countries. As part of that proclamation, it was announced that there would be expanded 25% tariffs to include key downstream products (derivatives) for both steel and aluminum. The Annex containing those products has been drafted and is expected to be officially published in the Federal Register on February 18, 2025.

Key Points:

• There are 167 new codes for steel downstream products (derivatives) subject to the 25% tariff referenced in this proclamation (covering 4 different chapters of the HTSUS).

• There are 123 new codes for aluminum downstream products (derivatives) subject to the 25% tariff referenced in this proclamation (covering 11 different chapters of the HTSUS).

To read the draft Federal Register, and access our Excel listing of HTS affected, click the links below:

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On February 13, 2025, during a news conference, the President directed agencies to investigate plans for reciprocal tariffs.  In attendance, Howard Lutnick, the Commerce Secretary nominee commented that the investigation will likely be completed by April 1 and that the President could act as soon as that investigation is complete.

Click below to read the full advisory.