Expeditors International Of Washington, Inc. · NYSE:EXPD
Expeditors International Of Washington — Expeditors US Customs Market Update Webinar (January 2025)
21 slides from Expeditors International Of Washington's conference presentation, Jan 29, 2025
Slide 1: US Customs Market Update
29 January 2025 US CUSTOMS MARKET UPDATE
Slide 2: Disclaimer
2 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 3: Expeditors Webinar
3 EXPEDITORS WEBINAR 45 Mins of Content Submit questions How do I receive How do I get in the Q&A window the 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 4: Speakers
4 SPEAKERS Madeleine Brenda Veigel Smith Senior Director Customs, Global Director, The Americas Government Outreach Ted Stephanie Henderson Holloway Senior Advisor, Regional Manager Customs, Customs The Americas Property of Expeditors International of Washington, Inc. and its subsidiaries. Reproduct
Slide 5: Agenda
5 AGENDA • What is currently planned? • Proposed changes to low-value shipments • Forced Labor updates • CPSC final rule announcement • Proposed changes to USMCA • Continuing education for Licensed Customs Brokers • What is on the horizon? • Initial Executive Branch actions related to trade Property
Slide 6: What Is Currently Planned?
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Slide 7: Timeline
7 TIMELINE 05/19: USMCA – Producer Vehicle 01/27: Requirement Certification to EU/UK Large Civil to submit seafood 03/24: Comment CBP via portal Aircraft Section 301 01/01: Section and diamond Period for Low Comment Period Suspension Period 301 2025 certifications via Value Shipment for USMCA to End
Slide 8: Proposed Rules: Low Value Shipments
8 PROPOSED RULES: LOW VALUE SHIPMENTS Oveview of Low-Value Shipments U.S. law allows certain goods to be imported duty-free if their value does not exceed $800 USD per person per day. This exemption, known as the De Minimis or Section 321 exemption, also applies to trade remedy tariffs like Section
Slide 9: Proposed Rules: Low Value Shipments
9 PROPOSED RULES: LOW VALUE SHIPMENTS Trade & National Security Actions Entry of Low-Value Shipments and Low-Value Shipments NPRM (011425) NPRM (012125) • This Notice of Proposed Rule Making (NPRM) has multiple • This NPRM proposes that all low-value shipments would be changes to existing regulation
Slide 10: Forced Labor Updates
10 FORCED LABOR UPDATES Additional Names Added USTR First–Ever Trade Increased Enforcement to UFLPA Entity List Strategy Published Actions 37 entities were added on 14 Jan 2025 – USTR published strategy on 13 Jan 2025 – Based on CBP’s UFLPA Dashboard: largest single expansion link • Mining (+3 entit
Slide 11: CPSC eFiling Final Rule
11 CPSC EFILING FINAL RULE TIMELINE CERTIFICATE INTERNAL LOW-VALUE DATA COMMUNICATION SHIPMENTS No new CPSC specific data Importers should be actively Low-value shipments are Final rule is effective on 08 elements are needed – just working with their product including in the eFiling rule July 2026 f
Slide 12: USMCA – US, Mexico, Canada Agreement
12 USMCA – US, MEXICO, CANADA AGREEMENT Current Status 2019 2020 2021 2022 2023 2024 2025 03/13: Agreement 01/17: CBP published the Implementing Regulations 11/30: USMCA was ratified by all 3 Related to Textile and Apparel Goods, Automotive Goods signed countries and Other USMCA Provisions 01/20: Am
Slide 13: Key Points
13 KEY POINTS Textile and Apparel Automotive Goods Other Provisions Goods Producers must meet Labor Value Content (LVC), steel Temporary Admission of Goods purchasing, and aluminum purchasing requirements Clarifies that originating goods and textile or Instruments of International Traffic apparel go
Slide 14: Continuing Education Requirement
14 CONTINUING EDUCATION REQUIREMENT U.S. Licensed Customs Brokers (LCB) US Licensed Customs Brokers (LCB) must earn 20 credits between 01 Jan 2025 and 31 Jan 2027 This webinar will earn you The new standard of 36 total hours will be required for the next 1.0 credits triennial staring Feb 2027 Credit
Slide 15: What Is on the Horizon?
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Slide 16: America First Trade Policy
16 AMERICA FIRST TRADE POLICY The America First Trade Policy Executive Order (EO) requires a variety of reports and recommendations to be delivered to the President by 01 April 2025. Important areas of analysis and recommendations in the EO include: Whether further Section 232 investigations are Cau
Slide 17: Most Significant Trade Deficits
17 MOST SIGNIFICANT TRADE DEFICITS TRADE $0 $100B $200B $300B $400B $500B DEFICIT EXPORTS IMPORTS China FROM USA TO USA +$279B EU - European Union (without UK) +$208B Mexico +$152B Vietnam +$104B Japan +$71B Canada +$64B South Korea +$51B Taiwan +$47B India +$43B Thailand +$40B Malaysia +$26B Indone
Slide 18: Categories of Tariffs
18 CATEGORIES OF TARIFFS Remedying Unfair Trade Generalized Tariffs as a Negotiating Tactic to Practices Revenue Raiser for the Achieve Unrelated Policy Federal Budget Aims Applied at industry or country Tariffs currently make up 2.4% Likely policy will be around level federal revenue in FY 2024 fen
Slide 19: Recent Statements on Tariffs
19 RECENT STATEMENTS ON TARIFFS 21 January 2025 20 January 2025 At a White House press conference, President Trump stated that his President Trump is still considering administration is considering a 10% tariff on goods from China, “probably imposing a 25% tariff on goods from February 1st”. During
Slide 20: Certificate of Completion
20 CERTIFICATE OF COMPLETION Continuing Education Credit to Support Your U.S. 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 NEI0120256X9KZ Code Expires: 28 January 2026 Original Pre
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