New 25% Tariffs on Autos, Light Trucks, and Auto Parts to begin on April 3rd or May 3rd
Yesterday, March 26, 2025, President Trump issued a proclamation announcing a planned 25% tariff on imports of automobiles, lights trucks, and certain vehicle parts under Section 232 of the Trade Expansion Act of 1962. The tariffs on automobiles and light trucks are scheduled to go into effect on April 3rd while the tariffs for certain vehicle parts are scheduled to go into effect no later than May 3rd. Automobiles that qualify for preferential treatment under USMCA may allow for the Importer to... Read More
Import Duties on Steel/Aluminum Products and Their Derivatives
As you may know, today began the 25% tariffs on steel/aluminum products and their derivatives coming into the US. These tariffs are in addition to other tariffs to which the product may be subject. Below is a very brief bullet point summary of how these tariffs work. 25% tariff on steel/aluminum products as a whole 25% tariff on the value of the steel/aluminum content of derivative products. If the value of the steel/aluminum content is the same as the entered value or is unknown, then the tariff... Read More
Steel and Aluminum Tariffs to begin. Trump threatens to increase these tariffs for Canada
The 25% Steel and Aluminum tariffs are scheduled to begin at 9:01 p.m. PDT tonight 3/11/25 (that’s at 12:01 a.m. EDT tomorrow 3/12/25). For guidance on how these new tariffs will be implemented, please see US Customs’ CSMS # 64348411 for Steel and Steel Derivative Products and CSMS # 64348288 for Aluminum and Aluminum Derivative Products. Also, it is being reported in AP and Reuters, but not in official government sources yet, that President Trump is threatening to increase the tariffs... Read More
Possible delay on the Canadian and Mexican tariffs
According to whitehouse.gov, President Trump today announced adjustments to tariffs imposed on Canada and Mexico. We have not seen anything from US Customs yet, but we will post the guidance when it becomes available. Below is a section from the Executive Order posted on whitehouse.gov that may shed some light on the matter. “Sec. 2. Product Coverage. (a) Articles that are entered free of duty as a good of Canada under the terms of general note 11 to the Harmonized Tariff Schedule of... Read More
Additional China Tariff now at 20%
Starting at 12:01 a.m. Eastern time on 3/4/2025 (9:01 p.m. Pacific time on 3/3/2025), the additional China tariff increased from 10% to 20%. There are a few exemptions that do apply. Please see CSMS# 64299816 for guidance from US Customs and Border Protection. The de minimis exemption still applies for now and is subject to change. Read More
Additional 10% China Tariffs Possible on March 4, 2025
President Trump indicated in a Truth Social post that an additional 10% China will be assessed beginning Tuesday March 4, 2025 along with the additional 25% tariff on Canadian and Mexican goods. This tariff is in addition to the 10% additional tariff that went into effect earlier this month. This story has appeared from multiple sources. We have not seen anything official from US Customs about this additional tariff, but we’ll certainly watch for it. Please keep checking our website for further... Read More
Canada and Mexico Tariff scheduled for 3/4/2025
As you may have heard, on February 24, 2025, President Trump acknowledged that the additional 25% tariffs on Canadian and Mexican goods are on schedule to implement at 12:01 a.m. Eastern Standard Time on Tuesday, March 4, 2025. That will be 9:01 p.m. Pacific Standard Time for us here on the West Coast. After that time, most goods of Canadian and Mexican origin, as well as goods from other countries that have undergone substantial transformation in Canada and Mexico, will be assessed the additional... Read More
New Tariffs for Canada and Mexico to take effect on Saturday, February 1, 2025
According to an AP article just published, President Donald Trump has announced that he will put in place a 25% tariff on imports from Canada and Mexico and 10% tariffs on goods from China effective Saturday. This is an announcement made by the White House today, Friday. There is no word yet on any exemptions to the measure. Read More
America First Trade Policy
You may have heard of President Trump and his boasting of the America First Trade Policy, his reference and inferences to an External Revenue Service (ERS). Additionally, you no doubt have heard of the threat of “25% duties on all goods from Canada and Mexico” (unquote). It appears that the start of his efforts were put in document form and published several days ago. In the included publication *(see below hyperlink) are demands and concepts put forth by the President. In specific... Read More
New Years Hours
Sanders Brokerage Services will be open tomorrow, 12/31/2024, from 8:00 a.m. to 1:00 p.m. Our office will then remain closed for the New Years Holiday until 7:00 a.m. Thursday 1/2/2025. We will return to full staff and regular hours on that day. Thank you very much and we wish you a Happy New Year! Read More
