In our recent webinar, we delved into the latest US import tariffs introduced in 2025 and their implications for businesses. Our expert speaker, Dayne Edmonson, a licensed US customs broker and customs compliance manager at Buckland, provided valuable insights on the following key topics:
- Introduction to IEEPA: Understanding the International Emergency Economic Powers Act (IEEPA) and its role in imposing controls on transactions and freezing foreign assets.
- New Tariffs on Canada and Mexico: Overview of the 25% additional tariffs on Canadian and Mexican origin goods, with a focus on the USMCA exclusion and its potential expiration on April 2, 2025.
- Tariffs on China and Hong Kong: Details on the 20% ad valorem duty on goods from China and Hong Kong, effective March 4, 2025, and its impact on Section 301 duties.
- Section 232 Expansion: Changes to existing Section 232 duties on steel and aluminum, including the removal of exclusions and the increase in duties on aluminum and derivatives.
- Upcoming Trade Remedies: Discussion on potential future tariffs, including reciprocal tariffs and the 25% tariff on goods from countries importing Venezuelan oil.
- Preparation for Importers: Strategies for businesses to review their supply chains, consider changing sourcing, and ensure compliance with new regulations.
- Buckland’s Support: How Buckland can assist customers with understanding and navigating these new tariffs, including advising on rules and regulations, confirming HTS classifications, and determining aluminum and steel content in derivatives.
Download the presentation here.
Fill out the form to receive the webinar recording.