Two Minutes in Trade

The auto industry is assessing the impact of the President's proclamation yesterday imposing a 25% tariff on imported cars, light trucks, and certain vehicle parts under Section 232, citing national security grounds. The 25% tariffs are set to take effect on April 3, 2025, for automobiles and light trucks with auto parts delayed until no later than May 3, 2025.

More tariffs of 25% on countries that import Venezuelan oil or products on the horizon. Listen for more on Two Minutes in Trade. 

The Senate will consider a resolution ending the national emergency in Canada. Does it matter?  Listen for more on Two Minutes in Trade. 

Several questions are being raised regarding the Section 232 Tariffs on Steel and Aluminum that took effect on March 12th.  For more information, please listen to today's Two Minutes in Trade.  

Footwear Association recently submitted a petition to the Federal Trade Commission seeking an amendment to the Care Labeling Rule to allow for the use of digital labels to deliver care information to consumers. Interested parties may submit comments on this petition by April 18.

Buyer's BEWARE…Importers are increasingly being faced with proposals from their suppliers that sound too good to be true. And like the old adage goes, it usually is.

Secretary Rubio stated that once global tariffs are imposed, there will be room for negotiating new trade deals. While many remain worried about the tariffs that remain to be imposed, others, like the U.K., are trying to get first place in line for when the tariffs start coming down.

More tariffs are possible for ships calling at US ports under a new FMC investigation.

The CBP advisory group known as COAC is back up and running with a full roster. What kind of input will they provide to the new administration?

BIS seeks public comment on two new Section 232 investigations: copper and lumber/timber. Listen for more on Two Minutes in Trade.