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Transshipment Penalty

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The Unanticipated Resilience of US Economy Amid Trump’s Tariffs

Originally Published 14 days ago — by Trade Compliance Resource Hub

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Source: Trade Compliance Resource Hub

The article details the implementation of various tariffs and trade measures by the U.S., including a 10% baseline reciprocal tariff effective April 5, 2025, potential increases to 15-20%, a 40% transshipment penalty, and threatened additional tariffs on digital services taxes and specific country imports like Russian and Venezuelan oil. Several countries have specific rates or exemptions, with ongoing investigations into digital taxes.