Here is AFOA General Counsel’s most recent client memorandum providing a high-level overview of recent developments relating to the trade war.

Recent U.S. trade policy shifts have introduced significant tariff changes affecting multiple industries. New policies include the elimination of the de minimis exemption for Chinese imports, automobile rebate tariffs, and the implementation a 25% duty on certain auto parts.

The government also clarified in-transit exclusions, launched a new process for adding items to the list of goods subject to Section 232 tariffs on derivatives, and is considering additional trade measures, such as a potential 100% tariff on non-U.S. films.

Meanwhile, industry groups, including the U.S. Chamber of Commerce, are advocating for tariff relief for small businesses. As these developments continue to unfold, businesses should closely monitor their impact and adjust their strategies accordingly.

We will continue to monitor this situation closely and will report all significant developments to you. In the interim, please do not hesitate to reach out to us with questions or requests for additional information.