Two Minutes in Trade

Taking affirmative action now to preserve the right for potential IEEPA tariff refunds is essential. Listen to Two Minutes in Trade for details. 

Tariff boon coming soon?  Supreme Court agrees to speedy quick review of IEEPA challenge. Listen for more on Two Minutes in Trade. 

Devilish Details released on tariff agreements, exempting some products. Listen for more on Two Minutes in Trade. 

The Executive Order imposes tariffs on most Japanese goods, modifies auto tariffs to a similar structure, exempts certain products, and permits future adjustments based on Japan's compliance.  For more details, listen to today's Two Minutes on Trade.  

Although US buyers can encounter financial and operational risks with the DDP term, today's episode discusses potential legal risks with DDP usage. Listen for more on Two Minutes in Trade.

Refunds of IEEPA tariffs may be possible if the Supreme Court upholds the CIT and CAFC decisions striking down the Administrations use of IEEPA authority to issue tariffs, but only for those companies who take steps to preserve their rights. Listen to today's episode to learn more and visit: https://www.strtrade.com/trade-news-resources/str-trade-report/trade-report/august/importers-should-act-quickly-to-preserve-rights-to-potential-tariff-refunds

The White House has authorized the export of some AI processors to China, conditioned on a 15% sales revenue share with the U.S. government. Trade-compliance teams will need to monitor evolving licensing conditions, reporting requirements, and potential legal challenges to this novel arrangement.

The appellate court rules that the President didn't have the authority to order the IEEPA tariffs -- but tariff collection can continue. So, where does this leave importers and what can we expect next?

De minimis is scheduled to sunset on August 29, but the death of the program has left post shipments to the U.S. largely on hold and created a new de miniMESS. For more information, listen to today's Two Minutes in Trade.  

India gets burned by Russian oil imports as additional tariffs are applied. Listen for more on Two Minutes in Trade. 

Tariff authority “couched” in terms of a national security threat…on furniture?  Listen for more on Two Minutes in Trade. 

There may be some angels in the details released today on the US-EU tariff agreement. Listen for more on Two Minutes in Trade. 

DOE will continue program funding to expand domestic critical mineral resources. Listen for more on Two Minutes in Trade. 

UFLPA refocuses as DHS releases updated report with new entities and new target enforcement sectors. Listen for more on Two Minutes in Trade. 

Yogurts could now be subject to the 50% steel and aluminum 232 tariffs. Hundreds of new derivative products added. Listen for more on Two Minutes in Trade. 

It's fair to ask whether we're in the middle of a “trademic,” and if so how we can get out of it. Some recent events may foreshadow the necessary antidote.

Port of LA/LB is experiencing yo-yo container traffic following the yo-yo of tariffs. Listen for more on Two Minutes in Trade. 

24-hour jail time for de minimis packages exceeding the $800 per person per day limit. Listen for more on Two Minutes in Trade. 

Is the strength of the U.S. dollar a big contributor to the U.S. deficits?  Listen for more on Two Minutes in Trade. 

China IEEPA Reciprocal tariffs to remain at 10% until November 10. Listen for more on Two Minutes in Trade. 

The President has issued a new Executive Order under the International Emergency Economic Powers Act (IEEPA) to impose an additional 25% tariff on Indian-origin goods imported into the U.S., citing India's continued importation of Russian oil as a national security concern linked to the war in Ukraine.

Tariffs went up for many countries today, but will China remain at 10% for another 90 days?  Listen for more on Two Minutes in Trade. 

Tariffs on auto inputs of 50% put US car makers at a disadvantage vis-a-vis imported finished cars with lower tariffs of 15/10%. Listen for more on Two Minutes in Trade. 

Nursing a Tariff Hangover?  Investors/investment are paralyzed in the current uncertainty. Listen for more on Two Minutes in Trade. 

As promised, the Administration has announced a wide range of tariffs for our trading partners. While some countries faired quite well -- quite the contrary for others. Listen in for some of the highlights.

Meanwhile…the CAFC held oral arguments in two cases challenging the legality of the IEEPA reciprocal tariffs. Listen for more on Two Minutes in Trade. 

Executive Orders and a Presidential Proclamation issued today impacting Brazil, de minimis, and copper. Listen for more on Two Minutes in Trade. 

The Administration has announced several new tariff rates effective August 1. Still, it has yet to make official modifications to the country-specific rates announced in April, set to kick in on that date. Listen for more on Two Minutes in Trade. 

The new AI regime has the potential to revitalize America's tech war with China, including by restricting the spread of advanced AI chips, with implications for the development of quantum computing, semiconductor manufacturing, and weaponry. Listen for more on Two Minutes in Trade.

The United States has officially lifted most economic sanctions on Syria, delisting over 500 entities from the OFAC SDN list and ending a 20-year national emergency. However, targeted sanctions, export controls, and Syria's designation as a State Sponsor of Terrorism remain in effect, requiring continued vigilance from compliance teams.  

As a U.S. importer, is switching to DDP with your foreign seller to reduce duties right for your company? Listen for more on Two Minutes in Trade. 

August 1st tariffs on small countries need to be reconsidered - look at Fiji and Lesotho as reasons why. Listen for more on Two Minutes in Trade. 

CBP just announced that now all FDA-regulated products must be submitted with appropriate data sets regardless of de minimis value. With increased global reciprocal tariffs potentially around the corner, could this signal a broader de minimis prohibition?

Electric batteries are expected to see a hike in production costs, as Commerce has found China dumping active anode material in the US. Listen for more on Two Minutes in Trade.    The $200% Problem: Batteries, Graphite, and Global Power Plays

CBP is focused on enforcement. And currently targeting steel & aluminum importers. Listen for more on Two Minutes in Trade. 

Secretary of Commerce Howard Lutnick announced on July 14 that a new tariff on fresh tomato imports from Mexico will be imposed as soon as the US-Mexico tomato suspension agreement lapses.  For more information, listen to today's Two Minutes in Trade.  

Russia and secondary countries may face 100% tariffs if no peace in the Ukraine within 50 days. Listen for more on Two Minutes in Trade. 

The goal of the bill, "Promoting Resilient Supply Chains Act would be to implement a strategy to improve the security and resiliency of manufacturing capacity and supply chains for critical industries and emerging technologies.  For more information regarding this bill, listen to today's Two Minutes in Trade.  

No more pretending. Brazil and Sri Lanka get their tariff letters, but the US had a trade surplus with Brazil. Listen for more on Two Minutes in Trade. 

Six more countries received reciprocal tariff letters today, and the court case is moving forward. Listen for more on Two Minutes in Trade. 

Reciprocal tariffs for all countries remain at 10% until August 1; however, copper may be subject to a 50% tariff. Listen for more on Two Minutes in Trade. 

Lots of letters were sent today as 14 countries learn their fate of the reciprocal tariffs, which won't go into effect until August 1. Listen for more on Two Minutes in Trade. 

A recent federal court decision upheld a $26 million penalty on an importer for avoiding antidumping duties and highlighted how competitors can use the False Claims Act to target customs fraud.

#TMIT US and VietNam reach an agreement to avoid a 46% tariff on 7/9 but details are scant. Listen for more info on Two Minutes In Trade. 

Fireworks were going off as the Senate advanced the big, beautiful bill today. Listen for more on Two Minutes in Trade.  

Details of the US-UK agreement have emerged and are effective as of today. Listen for more on Two Minutes in Trade. 

Companies utilizing the “First Sale Rule” must ensure compliance with all CBP's first sale legal requirements and have all supporting documentation to provide to CBP, should a transaction be questioned.  For more information on this topic, listen to today's Two Minutes in Trade. 

CBP dissolves COAC working groups and subcommittees to restructure them & align with America First Policy. Listen for more on Two Minutes in Trade. 

Aluminum products will face 200% section 232 duties IF the country of smelt and cast is “unknown”. Listen for more on Two Minutes in Trade. 

The math wasn't mathing so the Joint Taxation Committee changed the math for the cost of the tax bill which halves the budget for the GAO. Listen for more on Two Minutes in Trade.