Expeditors International Of Washington, Inc. · NYSE:EXPD
Expeditors International Of Washington — US Customs Market Update Webinar (March 2025)
28 slides from Expeditors International Of Washington's conference presentation, Mar 12, 2025
Slide 1: US Customs Market Update
12 March 2025 US CUSTOMS MARKET UPDATE
Slide 2: Expeditors Webinar
2 EXPEDITORS WEBINAR 45 Mins of Content Submit questions How do I receive the How do I get in the Q&A window slides? information on future webinars? Q&A to follow We will answer them at After the webinar, you will Subscribe to receive the end of the webinar be emailed a short webinar invites, local
Slide 3: Speakers
3 SPEAKERS Madeleine Brenda Veigel Smith Senior Director Customs, Global Director, The Americas Government Outreach Stephanie Holloway Regional Manager Customs, The Americas Property of Expeditors International of Washington, Inc. and its subsidiaries. Reproduction by written authorization only.
Slide 4: Disclaimer
4 DISCLAIMER The contents of this presentation are made available for informational purposes only and should not be relied upon for any legal, business, or financial decisions. Expeditors does not guarantee, represent or warrant any of the contents of this presentation. The contents are based on inf
Slide 5: Agenda
AGENDA 5 Last Week • Additional Tariffs • USMCA Context • International Response This Week • Aluminum and Steel • International Response Frequently Asked Questions • Tariff Stacking • USMCA Qualification What is on the Horizon? • Reciprocal Tariffs • Section 232 Cases: Copper and Timber • Section 30
Slide 6: Most Recent US Trade Actions: What Happened Last Week?
MOST RECENT US TRADE ACTIONS AKA “WHAT HAPPENED LAST WEEK?”
Slide 7: Timeline
7 TIMELINE IEEPA DUTY OWED 10% FOR ALL GOODS FROM CN/HK 20% FOR ALL GOODS FROM CN/HK Executive CHINA / Order issued HONG KONG CSMS issued 28 Feb 01 Mar 02 Mar 03 Mar 04 Mar 05 Mar 06 Mar 07 Mar 08 Mar… Executive CSMS issued Executive CANADA & Orders issued Orders issued MEXICO reinstating allowing 0
Slide 8: USMCA Context
8 USMCA CONTEXT $916.4B in imports from Canada & Mexico in 2024 USMCA Claimed USMCA Not Claimed $406.7B – 44% of Imports from Canada & Mexico $509.7B – 56% of Imports from Canada & Mexico Imports from Mexico by Imports from Canada by Note: Importers traditionally have not completed the work value th
Slide 9: USMCA + Expeditors
9 USMCA + EXPEDITORS Data: Q4 2024 (Oct-Dec) M E X I C O C A N A D A Based on Entered Value CEE USMCA Claimed USMCA Not USMCA Claimed USMCA Not Claimed Claimed Agriculture and Prepared Products 99% 1% 67% 33% Apparel, Footwear and Textiles 75% 25% 74% 26% Automotive and Aerospace 87% 13% 92% 8% Base
Slide 10: International Response
10 INTERNATIONAL RESPONSE CANADA MEXICO CHINA/HONG KONG Effective 10 February: An additional 15% tariff will be imposed on coal and Effective 04 March: liquefied natural gas. 25% tariffs on $30 billion in US goods. These An additional 10% tariff will be imposed on crude oil, tariffs apply to food, h
Slide 11: Most Recent US Trade Actions: What Is Happening This Week?
11 MOST RECENT US TRADE ACTIONS AKA “WHAT IS HAPPENING THIS WEEK?”
Slide 12: All Countries: Steel and Aluminum
12 ALL COUNTRIES: STEEL AND ALUMINUM Implementation on 12 March 2025 In 2018, President Trump imposed tariffs of 25% on steel and 10% on aluminum imports under Section 232 of the Trade Expansion Act of 1962, which allows adjustments for national security. Both the Trump and Biden administrations gra
Slide 13: Steel/Aluminum Context
13 STEEL/ALUMINUM CONTEXT Source: Reuters. (2025, February 10). Where does the US get its steel and aluminum? Retrieved from https://www.reuters.com/markets/commodities/where-does-us-get-its-steel-aluminum-2025-02-10/ Property of Expeditors International of Washington, Inc. and its subsidiaries. Rep
Slide 14: Derivative Notes
14 DERIVATIVE NOTES Derivatives are products incorporating significant steel or aluminum components, such as nails, wire, bulldozer blades, metal furniture, tubing, automotive parts, and more. The Section 232 tariffs on steel and aluminum include annexes identifying derivative articles by HTSUS subj
Slide 15: Steel & Aluminum HTS Chart
15 STEEL & ALUMINUM HTS CHART YEAR LIST WAS PUBLISHED 2018 2020 2025 2025 Original Steel and Original Steel and New Steel and Aluminum New Steel and Aluminum FTZ – Steel Aluminum Lists Aluminum Derivative Lists Derivative Lists within Derivative Lists outside Entered into the US after 12 Chapters 73
Slide 16: Current Challenges
16 CURRENT CHALLENGES Obtaining Additional Data Elements: CBP put an edit in overnight that is requiring these data fields for all identified steel/aluminum HTS from all lists. The programming doesn’t seem to be considering entry date correctly. Steel: (1) data element = melt and pour country Alumin
Slide 17: International Response to Steel Tariffs
17 INTERNATIONAL RESPONSE TO STEEL TARIFFS EUROPEAN UNION CANADA Effective 01 April: • The European Commission will allow the lapse of a previous suspension of 2018 and 2020 countermeasures against the US, targeted at previous US steel and aluminium tariffs. Effective 13 March • Additional ad valore
Slide 18: Frequently Asked Questions
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Slide 19: Understanding Stacked Tariffs
19 UNDERSTANDING STACKED TARIFFS Aluminum Widget EXAMPLE Country of Origin = China Value = $68 Duty Rate Duty Paid Chapter 99 HTS: 25% $17 Section 301 Chapter 99 HTS: 20% $13.60 IEEPA Chapter 99 HTS: 10% $6.80 Section 232 Chapter 1-97 HTS: 2.5% $1.70 General Classification TOTAL $39.10 Property of E
Slide 20: What Does It Take to Qualify for USMCA?
20 WHAT DOES IT TAKE TO QUALIFY FOR USMCA? Obtain the data elements for the “Certificate of Origin” Name, address, and contact information of the certifier, exporter, and producer, as well as a description of the To qualify under USMCA, a product must goods and the origin criteria. CBP Template be m
Slide 21: What Is on the Horizon?
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Slide 22: Potential Framework for Reciprocal Tariffs
22 POTENTIAL FRAMEWORK FOR RECIPROCAL TARIFFS Country Trade Deficits Non-Tariff Barriers Tariff Differential Source: International Trade and Discriminatory Source: WTO Administration Trade Practices The Administration will likely The Administration will likely Key clues can be found in the focus on
Slide 23: Recent Statements on Tariffs
23 RECENT STATEMENTS ON TARIFFS 20 January 2025 President Trump is still considering 03 February 2025 imposing a 25% tariff on goods from Trump told BBC, tariffs “will definitely happen Mexico and Canada and stated, “I think with the European Union” and that they are we will do it February 1st.” com
Slide 24: Recent 232 Investigations
24 RECENT 232 INVESTIGATIONS Section 232 of the Trade Expansion Act of 1962 empowers the President to adjust import volumes if the Department of Commerce (DOC) determines that certain imports threaten US national security. The DOC has 270 days to report its findings to the President after starting a
Slide 25: Section 301: Maritime, Logistics, and Shipbuilding Sectors
25 SECTION 301: MARITIME, LOGISTICS, AND SHIPBUILDING SECTORS The Office of the United States Trade Representative (USTR) initiated a Section 301 investigation into China's targeting of the maritime, logistics, and shipbuilding sectors for dominance. This investigation was prompted by a petition fil
Slide 26: Key Takeaways
26 KEY TAKEAWAYS Potential Impact to Your Potential Analysis You May Open Comment Periods Supply Chains Need ❑Do you have any parts ❑Entry of Low-Value Shipments – Due 17 ❑Duty impact from IEEPA that need country of origin March tariffs analyzed or USMCA ❑Trade and National Security Actions and ❑Dut
Slide 27: Certificate of Completion
27 CERTIFICATE OF COMPLETION Continuing Education Credit to Support Your US Customs Broker License and Your NEI CCS Certification This webinar has been approved for 1.0 credits by the NCBFAA Educational Institute Completion code for webinar NEI-032025-6-LTRG Code Expires: 07 March 2026 Original Pres
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