Two Minutes in Trade

No mas de minimis if Congress has its way. The tax bill would repeal the $800 de minimis provision. Listen for more on Two Minutes in Trade. 

China and the U.S. will each reduce tariffs to 10% by May 14! Listen for details on Two Minutes in Trade. 

Companies are increasingly restructuring supply chains to avoid serving as the importer to limit exposure to Customs claims. But, is it easier said than done?

Goods qualifying under the Nairobi Protocol (subheadings 9817.00.92-96) are exempt from MFN duties, but also from Section 301 and IEEPA duties.  Here, we provide a high-level review of the qualification requirements.

FTZs and bonded warehouses may offer options for traders for locking in tariffs or deferring duty payments. Listen for more info on Two Minutes in Trade. 

While the Administration blankets US imports with tariffs, Senate Democrats seek relief for Small Businesses. 

Supply chain resiliency is a key concern for both parties and in both chambers. Listen to Two Minutes in Trade for details on a new bill. 

Use of the Sec. 321 de minimis exemption was eliminated for imports from China and Hong Kong on Friday, May 2nd. However, de minimis is still (technically) available for imports of under $800 by one person on one day from all other countries.  Although it is unclear how long this will last, given the administration’s intent to close that option as soon as “adequate systems” are in place.  For more information, listen to today's Two Minutes in Trade.

BIS is “tariffing” the steel and aluminum industry with its new process to add derivative products to the section 232 25% tariffs. Listen for more on Two Minutes in Trade. 

Two Presidential actions on tariffs may result in refunds or an offset to defray the tariffs. Listen for more on Two Minutes in Trade.