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The President has announced broad reciprocal tariffs. 聽The reciprocal tariffs will vary by country. The tariffs reciprocal tariffs will depend on existing tariffs for US goods exported to those countries.
The President shared a chart showing various rates applied to US goods to countries and the reciprocal tariff that will be applied to goods from those countries. 聽Examples included China with overall tariff percentage of 67% on US goods, which the US will be applying a reciprocal tariff of 34%. 聽Other examples include Japan charging 46% on US goods and the US now applying a 24% reciprocal tariff. 聽JAS will post the full list once it is officially published.
Other deveopments today include a list of specific HTS codes for automobiles subject to the 25% tariff effective April 3. 聽Auto parts will be implemented on May 3. 聽
Finally, aluminum containers under 7612.90.10 and beer under 2203.00.00 have been added to the aluminum derivatives list.
Additional updates will follow once they are available.
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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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