Trump Tariffs the World 🌎

TRADE NEWS

Trump’s New Tariff Order

On April 2, 2025, President Donald J. Trump declared a national economic emergency and signed an order under the International Emergency Economic Powers Act (IEEPA), launching a major tariff strategy. Went went through the document so you dont have too. Below is the high level overview.

🔧 What’s Changing?

• April 3, 2025: A 25% tariff applies to imported cars, SUVs, minivans, cargo vans, and light trucks.

  • USMCA-compliant vehicles can avoid this on U.S.-produced content—but documentation must be submitted to CBP at time of import.

• April 4, 2025: A 25% tariff on beer and empty aluminum cans based on the aluminum content.

• April 5, 2025: A universal 10% tariff will apply to all imports from all countries.

• April 9, 2025: Countries with the largest trade deficits with the U.S. will face higher “reciprocal” tariffs, tailored to reflect the imbalance.

• May 2, 2025: The de minimis exemption—which currently allows imports valued under $800 to enter duty-free—will be eliminated, starting with packages from China and Hong Kong, and eventually expanded to other countries.

❗Why This Is Happening

According to the Trump administration, the U.S. has:

• Run a $1.2 trillion goods trade deficit in 2024.

• Lost over 5 million manufacturing jobs since 1997.

• Become dependent on adversaries for critical goods, including defense inputs and pharmaceuticals.

🧾 Who's Exempt?

• USMCA-compliant goods from Canada and Mexico remain tariff-free (0%).

• Non-compliant goods still face existing 25% or 10% tariffs under prior IEEPA orders.

• Key items excluded: pharmaceuticals, semiconductors, energy, bullion, copper, lumber, and goods already under Section 232 tariffs.

🛠️ What to Expect

Tariff levels may adjust based on partner responses. The aim, Trump says, is not isolation, but fairness: “Treat us like we treat you.”

Bottom Line: Importers should reassess sourcing strategies, review tariff exposure, and prepare for April’s implementation. The U.S. trade playbook is being rewritten.

While this article provides a high-level overview of updates, it is essential for stakeholders to seek the most accurate and up-to-date information directly from the US Customs and Border Protection (CBP). Regulations and enforcement measures can evolve, and CBP remains the authoritative source for compliance details. For official guidance, visit the CBP website.

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VIDEO OF THE WEEK

Panama Canal - Time Lapse

Easy one this week. Full transit of the Panama Canal. Shot on the Ocean Princess on February 28th 2016 by Steve Noble. Pacific ocean to the Atlantic ocean, 11 hour transit seen in under 7 minutes.

GLOBAL TRADE SNIPPETS

China blocks sale of Panama Canal ports to U.S. consortium. China's antitrust regulators have halted CK Hutchison's $22.8 billion deal to sell Panama Canal ports to a BlackRock-led U.S. consortium, reportedly angering President Xi Jinping.

Amazon submits last-minute bid to acquire TikTok. Amazon has submitted a last-minute bid to acquire TikTok ahead of a U.S. deadline requiring the app's Chinese parent company, ByteDance, to divest its U.S. operations.

Maersk owned APM Terminals acquires Panama Canal railway company. APM Terminals has acquired the Panama Canal Railway Company, a 76-km railway facilitating cargo movement between the Atlantic and Pacific Oceans, enhancing its intermodal service offerings.

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