Tariffs Resources

Liberation Day Tariff and Tax Update and Explanation of New Financial Landed Cost Structures

Held on April 8, 2025

The trade community is facing one of the greatest challenges of recent times to understand, stay current, and respond to the new tariff tax structure inclusive of implemented, delayed and pending tariff and tax increases on foreign sourced products entering the commerce of the United States.

The ability to distinguish fact from rapid response misinformation is yet another task and challenge for the trade as senior management officials seek clarity and confidence in the information transfer. The importance of the separation of fact from fiction in a very fluid situation requires boots on the ground knowledge with current access to “C Suite” bench marked business sustainability practices to present clarification and guidance on a wide range of tariff topics.

Join us for a fact filled “C-Suite” industry roundtable review of the “Tariffs Financial and Trade Compliance Risk Management Review and Response” presentation presented on the Associate of Trade Compliance Professionals Platform.

We will define the timeline of tax implementation past, present and pending. We will share our recommendations for areas of financial risk management for the purpose of financial leadership strategies and define recommended trade compliance initiatives to demonstrate your company’s commitment to national security, trade compliance and financial mitigation strategies for immediate consideration.

CBP Updated Guidance: Duties on Imports of Steel and Aluminum Derivatives

Effective at 12:01 a.m. ET, March 12- Customs and Border Protection (CBP) confirmed that the Commerce Secretary has certified collection of the 25% import duty on certain imports of steel and aluminum articles and derivatives from all countries, effective 12:01 a.m. ET on Wednesday, March 12.

BACKGROUND

On Feb. 10, the President issued Proclamation 10896 on Adjusting Imports of Steel into the United States, under Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862), imposing 25 percent ad valorem tariffs on certain imports of steel articles and derivative steel articles from all countries, is effective March 12. See 90 FR 9817 and 90 FR 11249. Similarly, on Feb. 10, the President issued Proclamation 10895 on Adjusting Imports of Aluminum into the United States, under Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862), imposing ad valorem tariffs on certain imports of aluminum articles and derivative aluminum articles from all countries, is effective March 12. See 90 FR 9807 and 90 FR 11251.

UPDATED GUIDANCE DETAILS

Import Duties on Imports of Aluminum and Aluminum Derivative Products

Import Duties on Imports of Steel and Steel Derivative Products

For questions regarding Section 232 entry filing, contact CBP’s Trade Remedy Branch at TradeRemedy@cbp.dhs.gov. If you encounter any errors in filing an entry summary, contact your CBP client representative or the ACE Help Desk.

You may contact us for assistance in navigating direction in regard to the new tariffs at renniealston@comcast.net. 908 313-7605