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Trade War Update: U.S. Imposes Automotive Tariffs; “Secondary Tariffs” on Countries Importing Oil or Gas from Venezuela; CBP Issues FAQs on Steel and Aluminum Derivatives; April 2 Reciprocal Tariff Actions; and Anticipated Sectoral Tariffs on Pharmaceuticals and Lumber

by | Apr 2, 2025 | News | 0 comments

From AFOA General Counsel on March 29, 2025:

Here you will find the most recent client memorandum providing a high-level overview of recent developments relating to the trade war. This memorandum discusses U.S imposing tariffs on automobiles and certain automobile parts; “secondary tariffs” on countries importing oil or gas from Venezuela; CBP’s updated FAQs on Section 301 Steel and Aluminum Derivatives; April 2 Reciprocal tariff actions; and anticipated sectoral tariffs on semiconductors, lumber, and pharmaceuticals.