November 24, 2025
Issued: November 24, 2025
Effective Date: November 13, 2025
Authority: Executive Order – Modifying the Scope of Tariffs on the Government of Brazil
The U.S. Administration has announced a major adjustment to the tariff measures imposed on Brazilian-origin goods under Executive Order 14323. This update provides relief for certain agricultural products but leaves significant compliance challenges for other sectors. Businesses importing from Brazil must act quickly to ensure compliance and recover overpaid duties.
Initial Tariff Action:
Reason for Action:
Recent Developments:
Exemptions Granted:
Effective Date:
Refunds Available:
Non-Agricultural Goods:
Financial Impact:
Compliance Risk:
How Crane Can Help
As a Trade Consulting Partner, we provide:
Action Steps
UPDATE: November 17, 2025 - America First Policy in Action: Historic Trade Wins with Switzerland, Liechtenstein, and Korea
Background
The United States has announced two significant trade developments that will reshape global commerce and create new opportunities for U.S. businesses:
These agreements aim to reduce tariffs, eliminate non-tariff barriers, and attract substantial foreign investment into the U.S., strengthening supply chain resilience and enhancing market access.
U.S.–Switzerland–Liechtenstein Agreement
Framework: Agreement on Reciprocal, Fair, and Balanced Trade
Highlights:
U.S.–Korea Strategic Trade Discussions
Framework: Korea Strategic Trade and Investment Agreement
Highlights:
Implications for U.S. Businesses
Recommended Actions
For tailored guidance on leveraging these agreements, contact our Trade Consulting team today.
Overview
On November 4, 2025, the White House issued two Executive Orders modifying tariff measures under the framework of a new Economic and Trade Arrangement between the United States and the People’s Republic of China. These actions reflect a strategic shift toward tariff stabilization and bilateral cooperation on key trade and public health issues.
Key Executive Actions
1. Suspension of Scheduled Tariff Increase on Chinese Imports
2. Reduction of IEEPA Tariffs on Fentanyl-related Imports
Strategic Context:
3. China’s Reciprocal Commitments
As part of the bilateral arrangement, China has agreed to:
These Executive Orders mark a significant step toward stabilizing U.S.–China trade relations. By deferring tariff escalations and adjusting enforcement-related duties, the Administration aims to balance economic interests with strategic policy goals. Importers and compliance professionals should act promptly to align operations with the new tariff framework and monitor ongoing developments.
For tailored guidance on leveraging these agreements, contact our Trade Consulting team today.
The U.S. and China reached a temporary trade truce on November 1, 2025, following a high-level meeting between Presidents Trump and Xi in Busan. The deal pauses escalating tariffs and commits both nations to concrete but time-limited steps on trade, agriculture, and critical minerals. China will resume major purchases of U.S. agricultural goods and suspend new export controls on rare earths and other strategic materials, while the U.S. will reduce select tariffs and extend the current tariff truce for roughly one year.
Read the full report here.
Stay ahead of global trade changes with Crane Worldwide Logistics’ Tariff Response Unit. Discover expert insights, tariff clarity, and peace of mind to help your business navigate evolving customs regulations and minimize costs.
Significant progress was made during a high-level meeting between United States President Donald Trump and Chinese President Xi Jinping on October 30, 2025, in Busan, South Korea, at the APEC Summit. This dialogue marks the first direct engagement between the two leaders in six years and aims to stabilize one of the world’s most critical economic relationships.
Key Outcomes
Context
This agreement represents a temporary truce rather than a comprehensive resolution. Several issues remain unresolved, and negotiations are expected to continue. The United States had previously threatened 100 percent tariffs on Chinese goods in response to China’s expanded export controls on rare earth minerals. The trade truce, initially signed in May and extended in August, is now likely to be extended beyond its current November 10 expiration.
For the latest updates and support on your global logistics strategy, contact your Crane representative or visit our Trade Compliance page.
Stay ahead of global trade changes with Crane Worldwide Logistics’ Tariff Response Unit. Discover expert insights, tariff clarity, and peace of mind to help your business navigate evolving customs regulations and minimize costs. Click here to learn how our dedicated team can keep your shipments moving despite tariff uncertainty!
On October 10, President Trump announced via Truth Social that his administration intends to increase tariffs on products from China by up to 100%, potentially taking effect as early as November 1. The statement cited China’s recently expanded tariffs and new export controls on rare earth metals as the reason for this action.
In addition, the administration plans to introduce new export controls on all critical software for China beginning on November 1.
These proposed changes could have a significant impact on global trade flows, supply chain costs, and import/export compliance requirements.
At Crane Worldwide Logistics, we’re actively monitoring updates and will continue to provide guidance to help our clients navigate potential changes in trade policy and mitigate supply chain disruption.
For the latest updates and support on your global logistics strategy, contact your Crane representative or visit our Trade Compliance page.
On Thursday, September 25, President Trump announced via Truth Social that new tariffs are planned to take effect October 1 on imports of pharmaceuticals, furniture, and heavy trucks.
Pharmaceuticals: A 100% tariff on branded and patented pharmaceuticals entering the U.S., unless companies are actively “building their Pharmaceutical Manufacturing Plant in America” (defined as “breaking ground” or “under construction”).
Furniture and Related Products: A 50% tariff on kitchen cabinets, bathroom vanities, and related products, along with an additional 30% tariff on upholstered furniture, citing what he described as a “flooding” of the U.S. market.
Heavy Trucks: A 25% tariff on imports of heavy trucks to protect U.S. manufacturers such as Peterbilt, Kenworth, and Freightliner, framed as a matter of national security.
Important Note: This announcement has not yet been formalized. No Executive Order has been signed at this time. The measures should be considered announced/anticipated, pending the formal signatory of an Executive Order.
Issued: September 5, 2025
Effective: September 8, 2025 at 12:01 a.m. ET
President Trump has signed a new Executive Order that updates the scope of Annex II, which governs exemptions from the reciprocal tariff regime established earlier this year. These changes are part of ongoing efforts to address national security concerns and trade imbalances.
On April 2, 2025, the administration implemented global reciprocal tariffs on nearly all imports to the United States. However, certain categories of goods were exempt, including:
New Exemptions - Certain goods have been added to Annex II, meaning they will now be excluded from reciprocal tariffs, including:
New Tariff Exposure - Some items have been removed from Annex II and will now be subject to reciprocal tariffs, such as:
The Executive Order emphasizes that changes to tariff exemptions will generally not be reversed unless a final trade and security agreement is reached between the U.S. and the relevant trading partner.
“Except in rare circumstances, I will refrain from narrowing the scope of the reciprocal tariff or any relevant Section 232 tariff before the conclusion of a final trade and security agreement,” the President stated.
Effective September 1, 2025
As part of ongoing trade and security negotiations with the United States, the Government of Canada has announced a significant update to its counter-tariff measures. The goal remains to support Canadian industries while encouraging a constructive resolution with U.S. counterparts.
This adjustment signals progress in bilateral discussions, while maintaining pressure in key sectors where Canadian exporters continue to face U.S. trade barriers.
Today, the de minimis exemption expires for imported goods regardless of value, country of origin, mode of transportation, or method of entry, except for articles covered by 50 U.S.C. 1702(b), e.g., informational materials, donations of food, clothing, and medicine, etc. This marks a significant shift for importers and exporters worldwide. The expiration will introduce new challenges and opportunities.
Understanding the implications is crucial. Companies should review their supply chains and renegotiate contracts if necessary. Staying informed and agile will be key, but engaging with trade advisory services can provide valuable guidance in this new trade era.
Read more about the impacts here.
On the President’s Truth Social Post, he reports that tariff increases will more than likely be applied to furniture imports, where he writes, “…within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined…” “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union,” Trump said.
In Q2 2025, the two HS codes 9403 and 9401 covering Furniture and Parts as well as Seats and Furniture accounted for 6.9% of total US imports. It appears that importers have been front loading furniture imports in anticipation of tariff increases as there has been a notable increase in furniture imports in early 2025. Clients involved in the furniture industry should take this time to review their global supply chain strategy to manage tariff increases. We will closely watch this area to report the tariff changes as they become finalized.
As a proactive measure our Trade Consulting team can assist furniture importers in reviewing the HS codes and develop a tariff mitigation strategy. By evaluating our clients’ current import channels, existing inventory levels, and contractual obligations, we can tailor a solution that minimizes disruption and optimizes cost efficiency. This may include exploring alternative sourcing options, reclassification, or discussions around tariff deferment using a Foreign Trade Zone or Bonded Warehouse. Additionally, we can provide a series of advisory trade sessions to brief affected clients on potential regulatory changes. We are your strategic partner and will help you navigate the volatile trade environment with greater confidence.
The changes stem from a series of trade actions culminating in Executive Order 14329, signed on August 6, 2025, in response to India's continued importation of Russian oil.
Importers should assess their exposure to the 50% duty, verify HTS classifications, and prepare documentation for exemptions. Please reach out to our Trade Compliance and Trade Consulting team to help further understand the impact and consider our tariff mitigation strategies.
On August 11, Executive Order 14298 extended the pause on tariffs for China until November 10, 2025. President Trump has stated that the trade negotiations with China are making progress. This pause stops a tariff increase hike and the earlier Executive Order, which could have raised tariff rates for China to as much as 125%.
The current tariff rates for goods of Chinese origin are set out below:
EEPA (fentanyl-related) Tariff:
Section 301 Tariffs:
Section 232 Tariffs:
Please see the Fact Sheet for more information, and reach out to Crane's Trade Consulting team to coordinate a review of tariff stacking and determins how it can impact your global supply chain.
Marks the expiration of the 90-day pause on country-specific reciprocal tariffs.
It is the announcement date — meaning the new tariff rates were finalized and published.
No tariffs changed on this date
Executive Order entitled: Further Modifying The Reciprocal Tariff Rates sets out two key considerations:
August 7, 2025 at 12:01 AM EDT
The effective date when the new, higher tariffs will actually be enforced for the listed countries
Countries not listed in the Executive Order or listed in tariff letters:
Will continue to be subject to the 10% baseline tariff that has been in place since April 2, 2025
In–Transit Waiver: Goods are exempt from the new tariffs if they meet both of the following conditions:
Loaded and in transit on the final mode of transport before 12:01 AM EDT on August 8, 2025
Entered for consumption or withdrawn from warehouse before 12:01 AM EDT on October 5, 2025.
Country | Tariff Rate | Notes |
Brazil | 50% | Announced via tariff letter
|
Canada | 35% | Separate from reciprocal tariffs; tied to drug enforcement concerns
|
Afghanistan | 15% | Up from 10% baseline
|
Algeria | 30% | Same as previously announced
|
Angola | 15% | Down from 32%
|
Syria, Laos, Myanmar | 40–41% | Among the highest reciprocal rates
|
European Union | 10–41% | Varies by member state and product
|
Taiwan | 10–41% | Included in the revised tariff list
|
China | TBD | Still under separate negotiation; deadline August 11
|
Mexico | TBD | Granted a 90-day extension; not subject to new rates yet
|
These countries are expected to face higher tariffs starting August 7, unless exempted under the in-transit provision:
Country | Tariff Rate | Notes |
Algeria | 30% | Trade deficit cited; letter sent July 7
|
Bangladesh | 35% | High trade deficit
|
Bosnia and Herzegovina | 30% | Letter sent July 7
|
Brunei | 25% | Letter sent July 7
|
Cambodia | 36% | Large trade imbalance
|
Indonesia | 32% | Includes 40% on transshipments
|
Iraq | 30% | Letter sent July 7
|
Japan | 25% | Letter confirmed by White House
|
Kazakhstan | 25% | Letter sent July 7
|
Laos | 40% | Among highest rates
|
Libya | 30% | Letter sent July 7
|
Malaysia | 25% | Letter confirmed by White House
|
Moldova | 25% | Letter sent July 7
|
Myanmar (Burma) | 40% | Among highest rates
|
Philippines | 20% | Letter sent July 7
|
Serbia | 35% | Letter sent July 7
|
South Africa | 30% | Letter sent July 7
|
South Korea | 25% | Letter confirmed by White House
|
Sri Lanka | 30% | Letter sent July 7
|
Thailand | 36% | Letter sent July 7
|
Tunisia | 25% | Letter sent July 7
|
It is important to note that the environment is highly dynamic, and provisions can change suddenly. We will continue to monitor changes and provide updates as tariff changes crystallize with the Administration.
Mexico
President Trump announced a 90-day extension during which current tariffs will remain in place, postponing the 30% increase originally scheduled to take effect on August 1.
Mexico will continue to be subject to the following tariffs during this period:
This extension seeks to allow for new trade negotiations, with the goal of signing an agreement during the extension period.
Mexico has pledged to eliminate its non-tariff barriers, according to official statements.
No executive order has been issued; the information was communicated by the president on social media.
Canada
Canada has received a tariff notification under the Reciprocal IEEPA scheme, with a 35% rate scheduled to take effect on August 1.
There is no executive order or official confirmation from the White House or CBP.
It is unknown if this tariff will coexist with or replace the Emergency Fentanyl Tariff.
Goods originating in the USMCA are anticipated to be exempt, but this has not yet been confirmed.
Copper (Section 232)
Beginning August 2, 2025, a 50% tariff will apply to semi-finished copper products such as:
Does not apply to minerals, concentrates, cathodes, or scrap. Publication of the annex with specific tariff items is expected. No duty drawback is permitted.
The Department of Commerce may expand the scope of the tariff and evaluate gradual increases through 2027–2029. We are monitoring its specific application by tariff item.
For more information, please see the White House Fact Sheet on Copper Tariffs
The US tariff deadline has been postponed to August 1st for reciprocal tariffs, with a signed executive order on July 7th, 2025. It also specifies that the tariff deadline for China is unchanged. 14 countries have received letters regarding the new level of tariffs from August 1st.
As anxiety plagues the global supply chain, please take this as an opportunity to reach out to our Trade Consulting Team for tariff-mitigating strategies.
As a follow up on the Status of Tariffs; the 90-day pause is set to expire on July 9, 2025. Country specific tariff rates are set to be as high as 50% in some cases, as the country-specific tariffs revert to their original April 2 tariff levels. Currently there is no formal sign from the White House indicating that the 90-day pause will be extended.
Here is a quick look at the April 2 tariff levels we can expect to see if the 90-day pause expires on July 9, 2025:
Algeria 30%; Angola 32%; Bangladesh 37%; Bosnia and Herzegovina 36%; Botswana 38%; Brunei 24%; Cambodia 49%; Cameroon 12%; Chad 13%; China 34%; Côte d`Ivoire 21%; Democratic Republic of the Congo 11%; Equatorial Guinea 13%; European Union 20%; Falkland Islands 42%; Fiji 32%; Guyana 38%; India 27%; Indonesia 32%; Iraq 39%; Israel 17%; Japan 24%; Jordan 20%; Kazakhstan 27%; Laos 48%; Lesotho 50%; Libya 31%; Liechtenstein 37%; Madagascar 47%; Malawi 18%; Malaysia 24%; Mauritius 40%; Moldova 31%; Mozambique 16%; Myanmar (Burma) 45%; Namibia 21%; Nauru 30%; Nicaragua 19%; Nigeria 14%; North Macedonia 33%; Norway 16%; Pakistan 30%; Philippines 18%; Serbia 38%; South Africa 31%; South Korea 26%; Sri Lanka 44%; Switzerland 32%; Syria 41%; Taiwan 32%; Thailand 37%; Tunisia 28%; Vanuatu 23%; Venezuela 15%; Vietnam 20%; Zambia 17%; Zimbabwe 18%.
According to the White House, the UK and China have reached a trade agreement, but nothing formal has been set out in an executive order. Additionally, the 90-day pause for China is still scheduled to expire on August 12, 2025, and the tariff would revert to 34% unless intervention is undertaken by President Trump's administration.
Please note: The White House has not provided for any "in-transit waivers" for goods loaded on vessels and en route to the US prior to the 90-day pause set to expire on July 9th.
As anxiety plagues the global supply chain, please take this as an opportunity to reach out to our Trade Consulting Team for tariff-mitigating strategies.
On July 2, the Trade and Investment Framework Agreement (TIFA), between the US and Vietnam resulted in a trade agreement governed by Executive Order 14257. A stand alone executive order has not been provided as of yet.
Please see Modifying Reciprocal Tariff Rates to Reflect Trading Partner Retaliation and Alignment – The White House and Vietnam | United States Trade Representative for reference.
Tariff on Vietnamese Imports to the US:
Full Details from the White House
Country/Region | Baseline Tariff (%) | Additional Reciprocal Tariff (%) | Total Expected Duty Rate (%) |
|---|---|---|---|
EU | 10 | 20 | 30 |
India | 10 | 25 | 35 |
Brazil | 10 | 15 | 25 |
South Korea | 10 | 20 | 30 |
China (after Aug 12th) | 10 | 135 | 145 |
Unless a new Executive Order or Agreement is put in place by July 9th, 2025.
On May 12, 2025, President Trump signed an executive order to modify reciprocal tariff rates as part of ongoing discussions with China. Modifying Reciprocal Tariff Rates to Reflect Discussions with the People's Republic of China – The White House
The effective order is set to become effective on May 14, 2025, on or after 12:01 a.m. eastern daylight time. The Executive Order essentially reduces tariffs to 10% from goods originating from China as opposed to attaching the significantly increased retaliatory tariff. This will make essentially reduce tariffs on China originating goods to 30%; section 301 and 232 tariffs are still in place.
This executive order is a direct result of continued negotiations held last week in Geneva Switzerland between the US and China. Following the meeting the US and China announced a 90-day pause in the ongoing trade war which will provide temporary relief and opportunities for importers and exporters to adjust their global supply chain strategies. The Council of Supply Chain Management Professionals (CSMS) stated…"The mutual reduction in tariffs between the US and China provides much-needed short-term relief and reopens critical lanes of trade. While the 90-day window is temporary, it signals positive momentum toward more sustainable trade practices.”
Effective May 3rd, 2025, a section 232 automobile parts tariff is assessed against non-U.S.-originating auto parts imported into the U.S. In addition, duty rates have been modified ...by reducing duties assessed on automobile parts accounting for 15 percent of the value of an automobile assembled in the U.S. for 1 year and equivalent to 10 percent of that value for an additional year as follows...
see Amendments to Adjusting Imports of Automobile and Automobile Parts Into the United States for full details.
Section 301 tariffs (from the Trump 45 Administration, extended by the Biden 46 Administration)
Section 232 tariffs (amended by the Trump 47 Administration)
IEEPA Northern/Southern Borders and addressing the flow of illicit drugs
IEEPA Reciprocal tariffs
Adjustments to Automobile and Automotive Parts (April 29th, 2025)
Redefines "tariff stacking" on Automobiles and Automotive Parts and allows for "non-stacking," or applying multiple tariffs.
There are 5 instances where automobiles and automotive parts may fall under multiple tariffs:
A - Section 232 on Automobiles and Automotive Parts
B - IEEPA Northern Border
C - IEEPA Southern Border
D - Section 232 Aluminum and Derivatives
E - Section 232 Steel and Derivatives
The April 29th, 2025 "remedies" (Executive Order) allow for goods that fall under:
A - to be exempted from B, C, D, E
B or C - to be exempted from D, E
D is NOT exempt from E
E is NOT exempt from D
In ALL cases, Section 301 tariffs, general duty rates, IEEPA Fentanyl, and any Antidumping or Countervailing duties still apply.
It will take CBP a couple of days to catch up to this and create new HTS numbers and 'stacking' rules.
There is an additional AUTOMOBILE IMPORT ADJUSTMENT OFFSET announced on April 29th, 2025. It allows for Importers of parts of automobiles that will result in a final assembly of an automobile to request an annual Automobile Import Adjustment Offset. The process is currently NOT DEFINED by the Secretary of Commerce or the U.S. Trade Representative. When defined and implemented, importers will need to verify the duties and tariffs paid at the time of import. This will result in a different method/process of entering goods (Custom Entry Summary) for future identification and verification in the OFFSET program
.
The official language from US Customs, based on Executive Order 14257, which has since been amended on 3 occasions, is found in Customs' Cargo Systems Messaging Service (CSMS publication #64701128 - Updated Guidance - Reciprocal Tariffs - Increase in Rate for China and Reversion of Other Country - Specific Rates, Effective April 10th, 2025.)
"Imported products of China, including products of Hong Kong and Macau (other than those that fall within the identified exception included in CSMS 64680374), entered for consumption or withdrawn from warehouse for consumption on or after 12:01 am ET on April 10th, 2025, are subject to the following HTSUS classification and additional ad valorem duty rate:
Note: For countries not named China, Hong Kong, or Macau, the same language applies with an additional ad valorem rate of 10%
Note: CBP will provide additional guidance to the trade community through the CSMS messages as appropriate.
Therefore, previous regulations have been superseded by the IEEPA action on Reciprocal tariffs. IEEPA is the acronym for the International Emergency Economic Powers Act (October 28th, 1977) [50 USC Chapter 35] that authorizes the President to initiate "regulation as he may prescribe, by means of instructions, licenses, or otherwise..." to investigate, regulate or prohibit a host of actions/transactions.
The President may suspend existing regulations and initiate new ones. That is what has taken place with the "bonded warehouse rules."
Tax Commission Announcement No.6 of 2025
The People's Republic of China will assess an increased tariff on goods originating from the United States from 84% (Tariff Commission Announcement No.5) to 125%.
UPDATE on April 10
Tariffs on goods originating from China now have an aggregate duty of 145% up from the previous 20%. This change follows an amendment to reciprocal tariffs and updated duties on low-value imports from the People's Republic of China. Read the full announcement from the White House.
Imported products from China, including products of Hong Kong and Macau, other than those that fall within the identified exceptions included in CSMS 64680374, entered for Consumption, or withdrawn from warehouse for consumption on or after 12:01 a.m. EDT on April 10, 2025, are subject to HTS classification 9903.01.63 and will be assessed an additional ad valorem rate of duty of 125%.
The country specific rates that became effective on April 9, 2025 are suspended, currently for 90 days. Imported products of any country, except for China, including products of Hong Kong and Macau, other than those that fall within the identified exceptions included in CSMS 64680374, entered for Consumption, or withdrawn from warehouse for consumption on or after 12:01 a.m. EDT on April 10, 2025, are subject to HTS classification 9903.01.25 and will be assessed an additional ad valorem rate of duty of 10%.
UPDATE April 9th
The reciprocal tariff on China is set to increase from 34% to 84% when it takes effect at 12:01 a.m. tonight, according to CBP in an emailed CSMS message. That reflects an additional 50% tariff announced by President Donald Trump in response to Chinese retaliatory tariffs.
The CSMS message says President Donald Trump signed an executive order on April 8 increasing the tariff. The order, “Amendment To Reciprocal Tariffs And Updated Duties As Applied To Low-value Imports From The People's Republic Of China,” hadn’t been released as of press time.
The Canadian Government has today released the list of automobiles subject to 25% tariffs (surtaxes) effective April 9, 2025. The surtax is imposed as follows:
April 9, 2025
Implementation of country-specific reciprocal tariffs.
Note: industry-specific tariffs have been excluded.
Note: The use of duty drawback is so far allowed.
April 7, 2025
April 5, 2025
Note: industry-specific tariffs have been excluded.
Note: The use of duty drawback is so far allowed.
April 3, 2025
April 2, 2025
Note: Since these tariffs invoke Presidential powers under IEEPA, there is no time limit on these tariffs.
View the pre-Federal Register Notice on Reciprocal Tariffs here.
Canada: 25% tariffs on Automobiles assembled in the United States.
China: 34% retaliatory tariffs.
April 1, 2025
The Customs Tariff Commission of the State Council issued an announcement to impose additional tariffs on all imports originating in the United States
April 4, 2025 Source: Office of the Customs Tariff Commission of the State Council
On April 2, 2025, the U.S. government announced the imposition of "reciprocal tariffs" on Chinese goods exported to the United States. The US move is not in line with international trade rules, seriously undermines China's legitimate and lawful rights and interests, and is a typical unilateral bullying practice, which not only harms the US itself, but also endangers global economic development and the stability of the production and supply chain.
In accordance with the Customs Law of the People's Republic of China, the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China and other laws and regulations and the basic principles of international law, with the approval of the State Council, the Customs Tariff Commission of the State Council issued an announcement that from 12:01 on April 10, 2025, an additional 34% tariff will be imposed on all imported goods originating in the United States. Before 12:01 on April 10, 2025, the goods have been shipped from the place of departure and imported from 12:01 on April 10, 2025 to 24:00 on May 13, 2025, the additional tariff will not be levied.
China urges the US to immediately lift unilateral tariffs and resolve trade differences through consultation on an equal, respectful and mutually beneficial basis.
Drawback will be available on recently announced reciprocal tariffs that take effect April 5 and April 9, CBP confirmed in an emailed CSMS message providing guidance on the tariffs. “Drawback is available with respect to the additional duties imposed pursuant to the Executive Order,” the CSMS message said.
The EU is talking about a retaliation which could amount to Euro.400 billion under the EU's Anti-Coercion Instrument, however, several states are not aligned with this, it has been said that the consumer will be hit hard.
The European Commission will publish a final list of US products to be targeted in response to the steel and aluminum tariffs tonight and member states will vote on that list on Wednesday.
Today the UK government is announcing the end of Globalism and the re-direction of trade with other countries like British Commonwealth states.
Ursula von der Leyen's offer to President Trump to drop all tariffs on all bilateral trading industrial goods on a zero for zero basis has been rejected, meaning that the EU will not avoid 20% tariffs being imposed by the US on Wednesday. Reuters reporting a proposed counter-tariff of 25% on a range of US goods expected on May 16 and then further imposition later this year. Bourbon, dairy and wine have been removed from the original list, meaning that the proposed 50% against bourbon will not go ahead.
UPDATE: April 2nd, 2025
On April 2, 2025, President Trump signed an Executive Order and issued a Fact Sheet declaring a national emergency arising from conditions reflected in large and persistent annual U.S. goods trade deficits. As a result, a universal 10% tariff will be imposed on all imports from ALL countries, effective 12:01 a.m. EDT on April 5, 2025.
Additional country-specific tariffs as outlined in Annex 1, will face higher, country-specific ad valorem rates. Country-specific tariffs are in effect on April 9, 2025:
The following goods that are listed in Annex II are exempt from the additional tariffs in accordance with the executive order (see Annex II of the Executive Order for the full list):
Canada and Mexico Remain Unchanged
Tariff Increases on Automobiles and automobile parts
On 04/02/25 tariff increases at 25% became effective on automobiles and automobile parts imported into the United States. Fact Sheet: President Donald J. Trump Adjusts Imports of Automobiles and Automobile Parts into the United States. The tariffs are targeted to increase US domestic manufacturing.
March 26th, 2025
On 03/26/25 from the Oval Office, President Trump stated that he will assess 25% tariff on vehicles and auto parts imported into the United States. The tariffs are set to go in effect on April 2, 2025. The tariffs are targeted to increase US domestic manufacturing. We will post the President's executive order along with US Customs directions as soon as the information is available.
March 20th, 2025
On March 20, Olof Gill, spokesperson for the European Commission announced the first wave of retaliatory tariffs scheduled to be effective against the US on April 1st will be delayed until mid-April.
The delay will give the EU time to align two sets of retaliatory tariffs actions and allows the commission to consult with EU member states "on both lists simultaneously". Gill also stated that the delay will give the Commission more time to negotiate with the Trump administration.
The second set of tariffs could see rate hikes on a 99-page list of American exports, including agricultural goods, meats and poultry, alcohol, dairy products, specific aluminum and steel products, household goods, e-cigarettes, motorcycles, wooden products and more. The commission is accepting public comments on the duties until March 26.
March 17, 2025
March 7th, 2025
On March 6, President Trump granted an exemption for goods covered by the United States-Mexico-Canada Agreement (USMCA) from the recent tariff increases which became effective on March 4. The exemption is scheduled to conclude on April 2, 2025. This decision was made to minimize disruption to the automotive industry and other sectors that rely on the USMCA. A fact sheet on the tariff exemption has been published online.
UPDATE March 5th
Automotive Industry Gets One Month Reprieve
On March 4, President Donald Trump imposed 25% tariffs on imports from Canada and Mexico which significantly impacted the U.S. automotive industry. On March 5, the White House granted a one-month exemption for U.S. automakers, including Ford, General Motors, and Stellantis.
The automotive industry is heavily integrated with Canadian and Mexican manufacturers, with components crossing the borders multiple times during production. As expected, introducing these tariffs has created uncertainty, leading companies to reassess their supply chains and consider shifting production to mitigate potential costs.
It is likely that more tariffs changes will come. Leading investment companies have reconciled the new tariff hikes to the tariffs imposed under President Trump’s first administration and forecast spending to accelerate to avoid the risk of purchasing inventory after tariffs have increased the purchase price.
Tariff increases between the US, Canada, and Mexico can lead to border crossing delays and additional logistics costs since Canadian crude has faced a 10% tariff increase and is a heavy grade required by US refiners. Financial advisers believe industries have an array of ways to address price increases including currency fluctuations, incentivize suppliers to accept lower profit margins, alternative sourcing, and governmental efforts to stimulate domestic manufacturing.
UPDATE March 4th
On March 4th, China and Canada announced new retaliatory trade restrictions against the U.S. In addition, Mexico announced it is planning to soon release its own tariff countermeasures, all following the tariff increases set out in executive orders from the Trump administration early last month.
China
Beijing said it will levy a 15% tariff on U.S. chicken, wheat, corn and cotton, as well as a 10% tariff on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables and dairy products. China’s finance ministry said the measures, effective March 10, are a direct response to the Trump administration’s decision to use tariffs to address fentanyl trade
Canada
Canada announced a new 25% tariff that it said will target $30 billion worth of imported goods from the U.S. The duties, effective March 4, apply to hundreds of tariff lines, including certain agricultural products; meats, poultry and fish; timber; rubber goods; beauty products; tobacco; clothes; hand tools; home appliances; and a range of other commercial goods. Prime Minister, Trudeau added that the country will impose 25% tariffs on an additional $125 billion worth of American products in 21 days.
Mexico
Mexican President Claudia Sheinbaum said the country is also planning to issue retaliatory measures against the U.S., which will be revealed in the coming days.
Please note: March 12, 2025
• 25% Global Steel and Aluminum Tariffs: Tariffs will take effect with no country or product exclusions announced so far.
• Outlook: Potential for foreign retaliation in response to these tariffs.
UPDATE 4th March, 2025
Effective, 12:01 March 4, 2025, President Trump levied new tariffs on its three largest trading partners:
The tariff increases followed executive orders signed by President Trump last month. The tariffs run the risk of unleashing a damaging trade war. Trade wars were also a feature of the Trump Administration’s first term. But his latest tariffs on Canada, Mexico and China, may broaden the scale of disruptions. CBP has released Federal Register notices to be published on the Canada and Mexico tariffs. President Trump also signed an Executive Order today imposing additional 10% tariffs on China. China tariffs are now stated at 20%.
China: Moments after Mr. Trump’s tariffs went into effect, China’s finance ministry placed 15 percent tariffs on imports of chicken, wheat, corn and cotton from the United States and 10 percent tariffs on imports of “sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products,” and 10 percent tariffs on imports of liquefied natural gas, coal, farm machinery and other products. It also placed restrictions on the export of certain critical minerals, many of which are used in the production of high-tech products. Chinese market regulators said last month that they had begun an antimonopoly investigation into Google.
Canada immediately imposed 25 percent tariffs on $30 billion worth of goods, but it did not specify which products would be affected. Justin Trudeau, the Canadian prime minister, said in a statement that the tariffs would expand to $125 billion of American goods in 21 days.“We don’t want to be here,” Mr. Trudeau said last month of the tariffs. “We didn’t ask for this.”
President Claudia Sheinbaum of Mexico is expected to address the issue at a news conference on Tuesday morning. Mexico is expected to issue retaliatory tariffs.
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UPDATE 5th February 2025
Please see below information from the latest bulletin from U.S. Customs:
Warehouse and Consumption Entries
"Effective with respect to goods that are the product of China and Hong Kong entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. Eastern Standard Time on February 4, 2025, the following HTSUS classifications and additional duty rates apply:
9903.01.20: All imports of articles that are products of China and Hong Kong, other than products classifiable under headings 9903.01.21, 9903.01.22, and 9903.01.23, and other than products for personal use included in accompanied baggage of persons arriving in the United States - an additional ad valorem rate of duty of 10%."
Foreign Trade Zone
"Articles that are products of China and Hong Kong, excluding those encompassed by 50 U.S.C. 1702(b), except those that are eligible for admission to a foreign trade zone under “domestic status” as defined in 19 CFR 146.43, and are admitted into a United States foreign trade zone on or after 12:01 a.m. eastern standard time on February 4, 2025, must be admitted as “privileged foreign status” as defined in 19 CFR 146.41. Such articles will be subject, upon entry for consumption, to the duties imposed by this order and the rates of duty related to the classification under the applicable HTSUS subheading in effect at the time of admission into the United States foreign trade zone."
Drawback
"No drawback is available with respect to the additional duties imposed pursuant to the Executive Order, as implemented in the Federal Register Notice."
De Minimis
Pursuant to the Executive Order, and as implemented in the Federal Register Notice, certain products of China and Hong Kong are no longer eligible for the administrative exemption from duty and certain tax at 19 U.S.C. § 1321(a)(2)(C), and are subject to additional ad valorem rates of duty. Effective February 4, 2025, such goods may not receive so-called “de minimis” clearance. The "De minimis" clearance (entry type 89) that is effectively suspended directly applies to goods valued at $800 or less which were allowed to be imported duty and tax free. Requests for de minimis entry and clearance for ineligible shipments will be rejected. The filer/importer has the option of filing an appropriate formal or other informal entry and paying all applicable duties, taxes and fees."
4th February 2025
An Executive Order was signed by President Donald Trump in the United States on February 1st, 2025.
"ADDRESSING AN EMERGENCY SITUATION: The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency under the International Emergency Economic Powers Act (IEEPA)." - Full fact sheet available on the White House website.
Since signing the declaration, tariff implementation dates have been postponed in some cases, current situation as of February 4th, 2025:
Canada - 25% tariff increase on goods imported from Canada has been delayed for 30 days
Mexico - 25% tariff increase on goods imported from Mexico has been delayed for 30 days
At Crane Worldwide, our international trade advisory experts are keeping abreast of the situation and will be communicating updates as new information becomes available.
With a strong presence in the United States, Canada, Mexico and P.R. China, please don't hesitate to reach out to a member of the Crane Worldwide Logistics team for trade advisory services.
23rd, January 2025
Although an Executive Order has not been issued by the President in regard to international trade, day one of President Trump’s Administration has shown the administration is actively engaged in assessing US Trade Policy and deems trade policy as a critical component to national security.
The Department of Commerce along with other federal agencies have been assigned to investigate existing trade agreements for trade deficits and currency manipulation and report their findings directly to the President on April 1st.
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The Administration has identified key areas that warrant executive review in order to secure the national security of the United States and curb our nation’s reliance on foreign manufacturing and production. These areas have been tentatively identified as listed below and are anticipated to be subject to new regulations:
It is an inescapable fact that China is a central concern to the Administration. We should expect heightened scrutiny in steel and aluminum products imported from China to the US as well as tighter controls placed on technology exported to China.
The President has not signaled a retreat on the additional duties (Section 232 and 301) set out by his first Administration and reinstated by the Biden Administration. The Administration is considering imposing an additional 10% tariff on Chinese made imports, which would become effective February 1st.
The United States Trade Representative and a host of other designated federal agencies are tasked with assessing the loss of tariff revenues and determining the risk associated with importing counterfeit products and contraband under the duty free de minimis rule.
The de minimis rule allows for goods imported with a value of $800 or less to be imported into the US duty free. The federal agencies will make recommendation to modify the rule in order to safeguard the revenue of the United States and the public health. In addition, the Secretary of Commerce will be reviewing policies and regulations for antidumping and countervailing duty (AD/CVD) laws.
Transaction value will also be evaluated. This may signal that tighter scrutiny may be applied by Customs in assessing the price paid or payable for related transactions, assists and other factors used to arrive at the commercial value of the imported good.
The Administration continues to reiterate that goods made in Mexico and Canada are set to face a 25% tariff increase effective February 1st. The proposed tariff increases are aimed at stopping illegal immigration and the flow of fentanyl from Canada and Mexico into the United States.
This may signal negotiations are still available for consideration until February 1st. The Administration’s directive further directs the Department of Commerce and Homeland Security to assess illegal migration and the flow of fentanyl from Canada, Mexico, and China as well as “other relevant jurisdictions" and recommend trade action to resolve the issue.
The Departments of State and Commerce will review the U.S. export control system and make recommendations to “enhance our Nation’s technological edge and how to identify and eliminate loopholes in existing export controls”.
This initiative is focused on the transfer of goods identified as “strategic goods” - software, and other technology exported to countries that rival American production and market share. This may signal delays in export licensing, and or the imposition of new rules to ensure deemed transactions and technology exports are subject to more scrutiny.
President Trump has directed Treasury, Commerce and Homeland Security to “investigate the feasibility” of creating an External Revenue Service to collect revenue from tariffs on foreign sources.
Tariffs (which are paid by importers) are currently collected by U.S. Customs and Border Protection under Homeland Security. The president has not defined how this initiative is distinguished from tariffs collected by US Customs or identified the meaning of “foreign Sources”. This may signal additional tariffs and new regulations for foreign entities conducting business in the US stream of commerce.
President Trump has directed the United States Trade Representative and the Senior Counselor for Trade and Manufacturing to review all trade agreements including the rules set by the World Trade Organization to ensure trade agreement deals favor US domestic workers, and manufacturers rather than foreign workers.
Future agreements with India, United Kingdom, and the Philippines are also under consideration. This may signal an exit strategy from manufacturing in China. Until the Administration makes a final executive action, we are continuing to review multiple sources of information to proactively provide you with information that may impact your business operations and assist you by providing strategic solutions.
Importers should remain vigilant in assessing what impact an Executive Order, new regulation, new sanction or any federal change may have on your global supply chain.
Reach out to the Crane Worldwide Trade Advisory experts with any questions
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