Tariff Update
Trade & Tariff Bulletin
Issue Date: June 12, 2025
Subject: Key Tariff Developments Impacting U.S. Importers
What’s New in Tariffs?
As global trade dynamics continue to evolve, here are the latest updates that matter most to your business:
China Tariffs – Still Holding at 55%
Despite recent headlines about a new trade deal, the total duty on Chinese imports remains unchanged at 55%, composed of:
- Section 301 Tariff: 25%
- IEEPA “Fentanyl” Tariff: 20%
- IEEPA Reciprocal Tariff: 10%
A federal court ruling invalidated the IEEPA tariffs, but enforcement is paused pending appeal. The case is scheduled for argument on July 31, and a final decision may reach the Supreme Court. Until then, importers must continue paying all applicable duties.
Steel & Aluminum Tariffs – Now 50%
Effective June 4, the Section 232 tariff on steel and aluminum has doubled from 25% to 50%. This applies only to the metal content of the imported product. Importers must:
- Accurately document the value of the metal content
- Understand that the remaining product value is still subject to the 10% reciprocal tariff
Compliance Reminder
With overlapping tariffs and legal uncertainty, importers are urged to:
- Review product classifications carefully
- Ensure documentation is complete and accurate
- Consult with customs experts to avoid penalties
What’s Next?
While trade negotiations are ongoing, no official changes have been enacted. Stay tuned for updates following the July 31 court hearing.