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. 

A new Forced Labor Reporting portal has opened, allowing falsely charged companies to seek a remedy. Listen for more on Two Minutes in Trade. 

Can importers claim Chapter 98 exemptions for articles subject to section 232 tariffs? The answer isn't as clear as you may think. For more information, listen to today's Two Minutes in Trade. 

Deja Vu all over again!  Congress targets taxing foreign corporations/persons, but existing law may already do that. Listen for more on Two Minutes in Trade. 

A new report identifies 4 critical minerals to be high-priority sectors under UFLPA. Listen for more on Two Minutes in Trade. 

USTR proposes revised shipbuilding fees on Chinese vessels. Listen for more details on Two Minutes in Trade. 

On May 23, Rep. Jodey Arrington introduced HR 3575, which was introduced in the Senate as S.1886 by Jim Banks, called the “Axing Nonmarket Tariff Evasion Act” or the “ANTE Act.” For more information on this topic, listen to today's Two Minutes in Trade.  

IEEPA tariff exemption date extended to June 16. Listen for more on Two Minutes in Trade. 

Section 232 comments on pharmaceutical and semiconductor investigations are available for review. Listen for more on Two Minutes in Trade. 

232 investigations on lumber/timber and on copper comments mostly oppose new tariffs. Listen for more on Two Minutes in Trade. 

Let's measure twice and cut once!  Errors abound in the new Section 232 steel/Al tariff increase. Listen for more on Two Minutes in Trade. 

Exactly which HTSUS provisions do the 50% section 232 aluminum and steel tariffs cover? The answer may not be as clear as we think…yet.

EU IEEPA tariffs were paused until July 9th, then went to 50% on June 1, then paused again. Where are we now? Listen for more on Two Minutes in Trade. 

Good news, bad news, bad news, bad news. 50% 232 tariffs now only apply to the value of the steel/Al content, but other content must pay IEEPA tariffs, more goods are covered, and FTZ status is retroactive. More on Two Minutes in Trade.  

The Government backtracks on its agreement to expedite briefing in the Axle of Dearborn v. Department of Commerce IEEPA challenge and now seeks to stay the matter.  Listen for more on today's Two Minutes in Trade. 

Section 301 tariff exclusions due to expire on 5/31 were extended at the last minute until 8/31. Listen for more on Two Minutes in Trade. 

Now that the U.S. Court of International Trade has ruled on President Trump's IEEPA Tariffs, everyone wants to know what could happen next.  For more information on this topic, listen to today's Two Minutes in Trade.  

CIT, CAFC, and District Court action on IEEPA tariffs. Listen for details on today's Two Minutes in Trade. 

IEEPA tariffs are ruled unlawful!  CBP should stop collecting, and refunds are expected. Listen for more on today's Two Minutes in Trade. 

USTR seeking comments on drug pricing policies that are unfair to Americans. Listen for more info on Two Minutes in Trade. 

Under the new Commerce procedures for minimizing 25% duties subject to section 232 auto/parts tariffs, auto makers will face more complications. For more information, listen to today's Two Minutes in Trade. 

The Big Beautiful passed in the House. Lots of goodies in there, not related to taxes. Listen for more on Two Minutes in Trade. 

Graphite anode materials may become even more difficult to obtain from China as preliminary CVD rates are released. Listen to Two Minutes in Trade for more. 

USITC issued its final determination affirming its earlier findings that imports from four countries materially injure or threaten material injury to the US solar industry.  Listen for more on Two Minutes in Trade. 

Commerce seeking comments on anti-dumping duty methodology. Listen to Two Minutes in Trade for more info. 

With new and creative tariff mitigation strategies on the minds of many U.S. importers, the Department of Justice is ramping up its efforts to expand whistleblower awards in corporate trade and customs fraud cases.

BIS cancels export controls on AI diffusion and issues new guidance. Listen for more on Two Minutes in Trade. 

Planes and their parts are the next subject of a Section 232 investigation. Learn more on 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.