Here’s a recap of the most recent customs and worldwide commerce information:

Customs and Border Safety (CBP) 

  • CBP issued steering on the extra tariffs on imports from Canada and Mexico. 
  • CBP held its quarterly Industrial Customs Operations Advisory Committee (COAC) assembly  in Atlanta the place the company dedicated to implementing President Trump’s America First commerce coverage.
  • CBP is implementing a brand new Chapter 99 harmonized tariff schedule quantity to implement the rise in duties from 10% to twenty% on imports from China.
  • CBP is looking for public feedback associated to the distribution of funds pursuant to the continued dumping and subsidy offset for affected home producers. Feedback on the knowledge assortment are due Could 5.
  • CBP officers seized greater than $52,000 in unreported forex throughout two separate seizures at Washington Dulles Worldwide Airport.

Administration 

  • On March 4, new tariffs went into impact on imports from:
    • China: 20%
    • Mexico: 25%
    • Canada: 25%
    • Federal register notices out there right here (Canada, Mexico, China)
  • The Administration introduced an exemption on auto tariffs on Mexico and Canada for one month.
  • On March 2, President Trump issued government orders that postpone the removing of de minimis for Canada and Mexico.
  • President Trump signed an government order directing the Commerce Division to research whether or not the importation of lumber, wood cupboards, wood furnishings and paper pose a risk to nationwide safety below Part 232. 
  • President Trump said in a Fact Social submit that if Canada places a retaliatory tariff on the U.S., the U.S. reciprocal tariff will instantly improve by a like quantity.

U.S. Division of Commerce

  • Commerce launched two federal register notices (metal, aluminum) detailing tariff subheadings for use for the expanded Part 232 tariffs. 

Workplace of Overseas Property Management (OFAC)

  • OFAC introduced the company is taking motion towards seven high-ranking members of Ansarallah, generally referred to as the Houthis for smuggling military-grade objects and weapon techniques into Houthi-controlled areas of Yemen.
  • OFAC introduced sanctions towards a Shanghai-based malicious cyber actor and information dealer, and his firm that allegedly acquired, brokered, and offered information from extremely delicate U.S. crucial infrastructure networks.

World Commerce Group (WTO)

  • Canada has requested WTO dispute consultations with america concerning new tariff measures utilized by america on items originating in Canada.
  • China has submitted a revised request for dispute settlement consultations with america to handle new US tariff measures utilized on items originating in China.
  • WTO launched WTO Tariff & Commerce Information, an internet platform offering enhanced entry to official tariff and commerce figures for over 150 economies.

United States Commerce Consultant (USTR)

  • Reminder: Feedback in USTR’s continuing to assessment unfair commerce actions and hurt from non-reciprocal commerce preparations is due March 11. 
  • USTR launched the 2025 Commerce Coverage Agenda and the 2024 Annual Report. The studies embrace President Trump’s 2025 commerce agenda, and a abstract of present USTR initiatives together with enforcement initiatives.

U.S. Division of Treasury

  • The Treasury Division introduced that the company is suspending enforcement of the BOI necessities below the Company Transparency Act. The Act requires an estimated 30 million companies to file Helpful Possession Data (BOI) with the Treasury Division.

Congress

  • Three senators launched a decision that will finish the emergency that President Trump declared on the northern border. If profitable, the decision would terminate the newly applied tariffs on Canadian items. 
  • Home Methods and Means Commerce Subcommittee Rating Member Linda T. Sánchez launched the Closing the De Minimis Loophole Act, which might Instantly finish de minimis remedy for packages from China and section out de minimis for all different international locations after a four-month transition interval. 

Trade Information

  • A BlackRock-led funding group reportedly will purchase majority stakes in ports on either side of the Panama canal for $22.8 billion.

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