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In early March, the White House signed an order that imposes additional tariffs on steel and aluminum imports from all foreign countries with several countries exempt until April 30th. 聽The stated reason supporting these safeguards is the 鈥渇ailure of countries to agree on measures to reduce global excess capacity and the continued high level of imports since the beginning of the year.鈥
In the case of steel, 鈥渟teel articles鈥 are subject to an additional 25% duty and in the case of aluminum, 鈥渁luminum articles鈥 are subject to an additional 10% duty effective March 23, 2018. 聽 聽This is effective as of 12:01 am, eastern daylight time on March 23, 2018 for goods entered or withdrawn from a warehouse for consumption. 聽
鈥婣n amendment was made on March 23rd exempting several countries from the additional steel and aluminum tariffs through April 30th.
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On June 11, the President announced on Truth Social that the 鈥渢he deal with China is done.鈥 According to the post, the President and the President of China are working toward final approval.
The Truth Social posting by the President states that the tariffs on Chinese origin goods will be 55%. The 55% will be a combination of existing tariffs including 10% IEEPA reciprocal tariffs, 20% IEEPA drug/border tariffs, and the 25% Section 301 tariff that covers most Chinese origin goods (note some Section 301 rates are currently higher and some are lower).
Full details are not yet known.
Check out the links below:
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For June, we are highlighing Maria 鈥淐onnie鈥 Villarreal. Connie came to JAS in 2022 and found a great interest in Customs and wanted to learn more. 聽She wanted to expand her skills and take the opportunity to serve as a team leader and trainer for colleagues. 聽Connie firmly believes in embracing opportunities for growth and shows enthusiasm about exploring fresh perspectives and experiences that promote career progression.
As a spouse and parent of four children (two that have reached adulthood), Connie makes time for hobbies and family bonding. She loves to read romance and thriller books, watching movies, and spending time with her loved ones. She also cherishes opportunities to indulge in spa days with her youngest daughter and cook meals with her son.
Connie is another example that 鈥淧eople Make the Difference.鈥
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In May, JAS Forwarding (USA) Inc. Compliance team met at the USA Corporate Headquarters in Atlanta, GA. 聽During the meetings, the team worked to align on all of the trade changes and learn from each other to continue to provide positive impacts to our clients.
From Left to Right: Ted Myron, Xenia Vazquez, Leah Ellis, Calvin Oh, Margaret Christian, Casey Hughes, Laurie Arnold, Scott Cassell, and Yvette Sosa
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