All articles tagged with #import duties
The White House is expected to extend a five-year tariff reduction arrangement for auto parts, following lobbying from automakers like Ford and GM, which aims to mitigate the impact of record-level import duties and includes new tariffs on imported trucks.
President Trump announced new tariffs on imported lumber (10%) and wooden furniture (25%), with plans to increase these rates in January, citing national security and support for domestic industries, though industry experts warn these tariffs could raise costs and impact housing affordability.
U.S. President Donald Trump announced that further details on upcoming tariffs for furniture imports, including up to 50% on kitchen cabinets and 30% on upholstered furniture, will be revealed soon, following initial announcements that could impact prices and supply chains.
President Trump's new tariffs, ranging from 25% to 100%, have caused shockwaves across Asia, complicating ongoing trade negotiations and adding turmoil for companies already facing uncertainty amid the broader trade war.
President Trump announced a 100% tariff on branded and patented pharmaceutical products imported into the US starting October 1, with exemptions for companies building manufacturing plants in the US that have already begun construction. The move is part of broader trade measures including tariffs on trucks and home goods, and follows investigations into imports of machinery and medical devices, aiming to bolster domestic manufacturing and national security.
The end of the de minimis exemption in the US has led to increased import duties on low-cost goods, causing delays and cancellations for consumers, shippers, and small businesses both domestically and internationally.
The end of the de minimis exemption, which allowed duty-free imports up to $800, is leading to higher costs for American consumers, especially for goods from China, and is expected to impact spending habits and increase tariffs revenue, while also posing logistical challenges for the government.
The U.S. de minimis tariff exemption for goods valued at $800 or less is ending following an executive order by President Trump, leading to increased shipping restrictions and potential impacts on major retailers and importers, with some countries suspending shipments to the U.S. due to new compliance and duty collection concerns.
The US is ending a tariff exemption for goods under $800, which will lead to higher import duties on international online shopping, potentially causing surprise costs for consumers and delays in delivery. Shoppers are advised to check product origin, shipping terms, and fulfillment locations to estimate costs and avoid unexpected charges.
Global postal services are suspending shipments to the U.S. due to confusion over new import duties that eliminate the de minimis exemption, which allowed duty-free entry for packages under $800. The change aims to combat illegal shipping practices but has caused delays and system updates worldwide, with some companies halting acceptance of parcels destined for the U.S.
European postal services are pausing shipments to the U.S. due to confusion and uncertainty over the end of the de minimis exemption and new import duties, leading to disruptions in international deliveries.
The US has expanded its Section 232 tariffs on steel and aluminum, now including hundreds of products such as household appliances, car parts, and trailers, with a 50% levy effective immediately, impacting imports worth over $320 billion and adding inflationary pressures.
US President Donald Trump signed an executive order imposing reciprocal tariffs ranging from 10% to 41% on imports from 69 countries, including India, Taiwan, and the UK, with higher rates starting within a week.
The White House announced new reciprocal tariff rates on imports from various countries, with most set at a minimum of 10%, aimed at reducing trade deficits and increasing revenue, effective in seven days, with some countries like China, Canada, and Mexico on different trade tracks.
President Trump announced new tariffs on over 60 countries just before the August 1 deadline, with rates up to 41%, affecting imports and trade agreements, while negotiations with key partners like China and Mexico continue. The move aims to reshape trade relations and generate revenue, but has raised concerns about economic uncertainty and higher consumer prices.