U.S.–China Reach New Trade Agreement: What It Means for Tariffs and Duty Drawback
The United States and China have announced a new bilateral trade agreement following high-level negotiations in Geneva. This marks the first joint trade statement between the two countries in years and introduces major changes to tariffs and trade policy that could...
President Trump Announces 90-Day ‘Pause’ of Reciprocal Tariffs Except China
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...
Types of Tariffs – Section 201, Section 232, & Section 301
Updated: April 10, 2025 Understanding Key U.S. Tariffs: Section 201, Section 232, & Section 301 As global trade continues to evolve, tariffs remain a critical factor shaping the strategies of businesses engaged in international trade. With the recent...
United States Considering Implementing Tariffs on Imported Neodymium-Iron-Boron Permanent Magnets
Photo Credit Wikimedia In addition to the growing economic tensions between the USA, Russia and China, growing tensions could affect the auto industry and others. Both U.S. and foreign car manufacturers are urging the U.S. Commerce Department to rethink their plans...