by J.M. Rodgers Co. | Apr 9, 2025 | Duty Drawback, Industry News, Tariffs
President Trump announced on Truth Social that a 90-day pause and a “substantially lowered” of the reciprocal tariffs, effective immediately. “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff...
by J.M. Rodgers Co. | Apr 9, 2025 | Duty Drawback
Starting April 9, 2025, the U.S. has imposed a significantly higher tariff on most imported goods from China. Under a new Executive Order signed on April 8, the reciprocal tariff rate increases from 34% to 84% for qualifying goods. This change, outlined in CSMS...
by J.M. Rodgers Co. | Apr 8, 2025 | Duty Drawback
U.S. Customs and Border Protection (CBP) has reaffirmed that duty drawback is available on the new Reciprocal Tariffs imposed by Executive Order 14257, including both: The general 10% ad valorem duty under HTSUS 9903.01.25 (effective April 5, 2025) And the...
by J.M. Rodgers Co. | Apr 8, 2025 | Industry News, Supply Chain Roundup
This week: President Trump unveils reciprocal tariff policy with a minimum baseline 10% on all US imports Following the announcement of the tariff policy, shippers scramble to rework supply chain strategy US ending de minimis exemption for China and Hong Kong May 2,...
by J.M. Rodgers Co. | Apr 7, 2025 | Duty Drawback
U.S. Customs and Border Protection (CBP) has confirmed that duty drawback is available for the new reciprocal tariffs imposed under the Executive Order issued April 2, 2025. These tariffs, which went into effect on April 5, 2025, add an additional 10% ad valorem duty...
