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Expeditors International Of Washington — Expeditors US Customs Market Update Webinar (February 2025)
28 slides from Expeditors International Of Washington's conference presentation, Feb 6, 2025
Slide 1: US Customs Market Update
February 6, 2025 US CUSTOMS MARKET UPDATE
Slide 2: Expeditors Webinar
2 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 3: Speakers
3 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 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
5 AGENDA • Most recent trade actions • China • Canada and Mexico • What is on the horizon? • America First Trade Policy Memo, China provisions • Congress • Key Takeaways and Resources Property of Expeditors International of Washington, Inc. and its subsidiaries. Reproduction by written authorization
Slide 6: Most Recent Trade Actions
Mn TT lil MOST RECENT TRADE ACTIONS y Ii I
Slide 7: Timeline
7 TIMELINE 02/01: US issues Executive Orders on imports from 05/19: USMCA – CA/CN/HK/MX 07/01: EU/UK Large Producer Vehicle Early Oct: Civil Aircraft Section 04/01:America Certification to Comment Period 01/01: Section 301 Suspension CBP via portal for USMCA to 301 2025 First Policy Period Ends Open
Slide 8: US Imports from China
8 US IMPORTS FROM CHINA • President Trump issued Executive Order on 01 February 2025 - Effective 04 February 2025 • Implemented under IEEPA (International Emergency Economic Powers Act) • 10% ad valorem tariff on products of China and Hong Kong o In addition to “any other duties, fees, exactions, or
Slide 9: China Imports from US
9 CHINA IMPORTS FROM US • On 04 February 2025 China's Tariff Commission of State Council announced that additional tariffs would be imposed on certain commodities originating from US starting on 10 February 2025 o 15% additional tariffs on coal and liquefied natural gas included in 8 HS Subheadings
Slide 10: US De Minimis Imports from China
10 US DE MINIMIS IMPORTS FROM CHINA 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 301 duties. President Trump's Exe
Slide 11: Canada
11 CANADA US EXECUTIVE ORDER ISSUED C A N A D A’ S R E S P O N S E The Canadian government has paused for thirty days their planned 25% ad valorem tariff on all products of Canada except 25% tariffs on $30 billion in goods imported from the United States (U.S.) - based on date of direct shipment. en
Slide 12: Mexico
12 MEXICO US EXECUTIVE ORDER ISSUED MEXICO’S RESPONSE "I've instructed my economy minister to implement the plan B we've 25% ad valorem tariff on products of Mexico been working on, which includes tariff and non-tariff measures in If retaliatory tariffs implemented, tariff rates may increase defense
Slide 13: Tariff Implementation
TARIFF IMPLEMENTATION Executive Order Federal Register HTS Operational HTS Published Published Issued Instructions Available President US CBP USITC US CBP US CBP 02/01: Imposing Duties to 02/03: Implementation of 9903.01.20 02/03: CSMS #63988468 Address the Synthetic Opioid Additional Duties on Prod
Slide 14: What's on the Horizon?
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Slide 15: Most Significant Trade Deficits
15 MOST SIGNIFICANT TRADE DEFICITS TRADE $0 $100B $200B $300B $400B $500B $600B DEFICIT EXPORTS IMPORTS China FROM USA TO USA +$295B EU - European Union (without UK) +$235B Mexico +$171B Vietnam +$123B Taiwan +$73B Japan +$68B South Korea +$66B Canada +$64B India +$45B Thailand +$45B Malaysia +$24B
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: Specific Provisions on China
17 SPECIFIC PROVISONS ON CHINA …assess the unlawful migration and fentanyl flows from Canada, Mexico, the PRC …and recommend appropriate trade and national security measures to resolve that emergency. …assess the (Four Year Review of China 301 Investigation) report …and consider potential additional
Slide 18: More Specific Provisions on China
18 MORE SPECIFIC PROVISONS ON CHINA …assess … United States intellectual property rights …conferred upon PRC persons and shall make recommendations to ensure reciprocal and balanced treatment of intellectual property rights with the PRC. …assess legislative proposals regarding Permanent Normal Trade
Slide 19: Keep an Eye on Congress
19 KEEP AN EYE ON CONGRESS • Confirmations of Trade Team are completed or proceeding expeditiously • Government Funding and Debt Limit Expires – 14 March 2025 • Reconciliation Package Negotiations may include tariff or de minimis provisions • Restoring Trade Fairness Act - Rep. Moolenaar (R-MI), cha
Slide 20: Key Takeaways
20 KEY TAKEAWAYS Principals • Commit to tracking trade developments Actions to Consider Today • Remember any actions taken in the US will cause subsequent ❑ Create your own sustainable routine to review news (e.g., actions to be taken elsewhere podcasts, trade newsletters, market insights) ❑ Review
Slide 21: Customs Import Declaration Details
21 CUSTOMS IMPORT DECLARATION DETAILS Australia Mexico Austria Netherlands Belgium New Zealand Available in 37 Countries Brazil Norway Canada Poland Declaration data centrally stored and available China Peru on e.xpo NOW for 5 years Czech Republic Singapore Denmark Sp
Slide 22: exp.o NOW
EXP.O NOW 22 Digital platform providing our customers access to online booking, visibility, analytics, and customs entries DECLARATION TRACKING ENTRY DOCUMENTS DECLARATION DETAILS REPORTS AND EXTRACTS © Expeditors International of Washington Inc. All rights reserved.
Slide 23: Government Announcements – US
GOVERNMENT ANNOUNCEMENTS – US 23 Executive Order FRN CSMS CSMS # 63988468 - GUIDANCE: Additional Duties on Imports from China CSMS # 63992482 - GUIDANCE: ACE Executive Order: Imposing Duties to Address Processing of De Minimis Shipments Per Federal Register Notice on Tariffs on the Synthetic Opioid
Slide 24: Government Announcements - China
24 GOVERNMENT ANNOUNCEMENTS - CHINA China Tariff Commission Ministry of Commerce Ministry of Commerce (MOC) and General Administration of Customs China's Tariff Commission of State Council announced that (GACC) announced the addition of certain metals (Tungsten, Tellurium, additional tariffs would b
Slide 25: Certificate of Completion
25 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 NEI-022025-6-TKTN Code Expires: 05 February 2026 Original
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Slide 27: AD/CVD Considerations
30 AD/CVD CONSIDERATIONS America First Policy 1. Need to look back over EOs to see what references there are. 2. See article here for verbiage – though it may be self-serving lawyers: https://insidetrade.com/daily- news/observers-see-new-focus-adcvd- trump-s-america-first-trade-policy Property of Ex
Slide 28: AD/CVD Considerations
31 AD/CVD CONSIDERATIONS America First Trade Policy Executive Order Review Policies and Regulations: Examine current policies and regulations regarding the application of antidumping and countervailing duty laws Address Transnational Subsidies: Consider issues related to transnational subsidies and