Importers are required to have a Customs Bond in order to import to the United States. The purpose of the Customs Bond is to protect the revenue of CBP. A large majority of regular importers have continuous bonds. The minimum bond size for a continuous bond is $50,000. CBP calculates bond sufficiency on a monthly…
Beginning on February 6, 2026, CBP will stop issuing refunds to importers via check. All refunds will be issued electronically via ACH. In order for importers to receive refunds via ACH, they must follow a two step process: Step #1) Sign up for an ACE account Please note that when signing up for the ACE account,…
There are a number of major import tariff changes beginning 12:01AM EST on August 1, 2025. Note that these changes are effective based on entry date, not the date of vessel / aircraft departure. Shipments with an entry date on or after this time will be impacted by the new tariffs. Section 232 Copper Tariff…
President Trump issued a proclamation today under Section 232 to impose additional tariffs on certain timber, lumber, and related wood products. Here is a summary of the important details: Effective Date The new tariffs will be effective for all entries as of 12:01am EST on October 14, 2025. Shipments in transit that do not have an…
CBP is officially expanding the Section 232 steel and aluminum tariff. There are two publications that list out the expanded list of HTS classifications that will now be subject to the Section 232 steel and aluminum tariff. Importers are urged to carefully look through the HTS classifications on these two lists. This is a very…
On Wednesday, May 28, 2025, the U.S. Court of International Trade published their decision to strike down President Trump’s IEEPA Fentanyl and Reciprocal tariffs. As expected, the Trump Administration appealed the CIT decision and requested a stay on implementation. On Thursday, May 29, 2025, the U.S. Court of Federal Appeals granted a TEMPORARY stay of implementation. The court…
Trump issued a proclamation this afternoon formally adjusting the Section 232 steel & aluminum tariff Here are the critical changes Trump made to the tariff: 1.) The section 232 steel & aluminum tariff is increased from 25% to 50%. This increase applies to ALL tariff numbers listed on the section 232 steel list and aluminum list, including downstream derivative…
On December 31, 2025, President Trump issued a proclamation to delay the scheduled increase for the Section 232 tariffs on upholstered furniture, kitchen cabinets, and vanities. Upholstered chairs and seats classified under 9401.61.4011, 9401.61.4031, 9401.61.6011, and 9401.61.6031 were scheduled to have the section 232 tariff increase from 25% to 30% on January 1, 2026. Kitchen cabinets and…
We have good news and bad news on the tariff front. We’ll start with the bad news. Increase in Section 232 Steel & Aluminum Tariff Last Friday, Trump announced his intentions to double the steel & aluminum tariffs from 25% to 50% starting this Wednesday, June 4, 2025. The White House has not yet published…
Trump finally announced today his plans for Reciprocal Tariffs. You can read the Executive Order as well as the Fact Sheet for details. The information below is based on our initial interpretation of the Executive Order. There may be corrections/additional clarification in the coming days. What is the Reciprocal Tariff Rate? 50 countries were given individually designated reciprocal tariff rate.…