As of March 12, 2025, the global trade environment is undergoing significant shifts due to tariffs across various sectors, with implications for businesses worldwide. Here’s a concise overview of the current situation and key upcoming dates.. Current Tariffs in Effect Section 232 Tariffs on Steel and Aluminum (25%): U.S. has imposed a 25% tariff on steel and aluminum imports under Section 232, aiming to protect domestic industries from foreign competition. This affects countries such as China, Mexico, Canada, and others. These tariffs have expanded to include downstream products like machinery parts, automotive products, and even consumer goods like soda cans.  China Tariffs: U.S. continues to maintain high tariffs on Chinese imports, primarily a 25% tariff on $250 billion worth of

U.S. Implements Sweeping Tariffs: What This Means for Trade Trade relations between the U.S. and key partners took a sharp turn this week as newly implemented tariffs on Canada, Mexico, and China went into effect on March 4, 2025. These measures, aimed at reshaping global trade dynamics, are expected to have immediate and long-term effects on businesses and consumers. Tariff Breakdown Canada & Mexico: A majority of goods entering the U.S. from these countries are now subject to a 25% tariff, with Canadian oil and natural gas facing a lower 10% tariff. China: Duties on Chinese imports have been raised from 10% to 20%, escalating trade tensions and affecting a broad range of products. Some categories, such as donations, personal-use

NCBFAA Customs Broker Members Take Action to Prepare Importers for Tariffs Silver Spring, MD, Feb. 17, 2025 – The National Customs Brokers and Forwarders Association of America (NCBFAA), which represents more than 1,300 Regular Member companies that provide customs brokerage services to hundreds of thousands of U.S. importers – large and small, remains at the forefront of providing pertinent regulatory and operational information to our nation’s customs brokers to ensure utmost compliance with the latest round of import tariffs imposed in recent weeks by the White House.  IEEPA Tariff Background  President Trump on Saturday, Feb. 1, issued Executive Orders, under the authority of the International Emergency Economic Powers Act (IEEPA), to impose at midnight starting Feb. 4, 25% tariffs on

U.S. Foreign-Trade Zones (FTZs) are powerful tools for enhancing the competitiveness of American businesses in the global market. These zones offer significant benefits, including duty deferral, elimination of intermediaries, and various cost-saving measures. Despite their potential, FTZs remain underutilized, and certain regulatory limitations prevent them from fully realizing their impact. The Benefits of FTZs In 2024, U.S. FTZs continued to demonstrate their economic impact with updated figures: $160 billion in exports: An increase in exports facilitated by FTZs, highlighting their growing importance in international trade. $580 billion in imports: A rise in imports processed through FTZs, showcasing their role in supporting global supply chains. 575,000 U.S. jobs: An increase in job creation and retention, further emphasizing the importance of FTZs

The following list, provided by CBP, is a guide to acceptable and unacceptable descriptions. This list is not exhaustive and will continue to expand as unacceptable descriptions are identified and acceptable descriptions are further refined. Descriptions in the Acceptable column should be viewed only as examples of the items they actually describe and not as a list of specifically acceptable or restrictive terms. Unacceptable Acceptable “Brand” or “Trade Mark” names by themselves, i.e., “Bubbles Brand” “Bubbles Brand” Laundry Detergent Laundry Detergent Animals Horse Poultry Bovine Apparel/Clothing/Garments Shoes, Footwear Wearing Apparel, Ladies’ Apparel, Men’s Apparel Women’s Dresses Men’s Shirts Boy’s Jackets Appliances Refrigerator Stove Microwave Oven Coffee Machines Accessories Hair Elastics Sunglasses Socks Auto Parts Air Filters Automobile Brakes Automotive Windshield