By Krieger Worldwide
The 90-day pause that went into effect on IEEPA Reciprocal Tariffs in April is set to expire at the end-of-day on July 8, 2025. Goods needed to be arrived within the port limits and entered and released by Customs and Border Patrol (CBP) to qualify for the 10% tariff. Any goods arriving July 9 and forward will be subject to the rate in effect at that time. There is still uncertainty if the rates will revert to the country-specific rates that were in effect before the pause, or if new rates will be established.
President Trump Terminating Trade Talks with Canada
On Friday, June 27, 2025, President Trump announced that the White House is terminating all trade talks with Canada and new rates will be announced.
In the event of new tariffs announced impacting importers moving goods from Canada to the USA, importers should be advised they may need to reevaluate their current customs bond requirements.
