By:  Brian Walczyk, Compliance Manager, TradeInsights, LCB, CCS

The White House issued its Executive Order yesterday detailing the lowering of tariffs on Chinese goods from 145% to 30%, and there is no mention of retroactivity for Importers to take advantage of.

A lower rate of 10% IEEPA Reciprocal, previously 125%, will begin on 12:01 a.m. eastern daylight time on May 14, 2025, for goods entered for consumption or withdrawn from warehouse for consumption with a country of origin of China.

The lower 10% IEEPA Reciprocal rate for China is set to last for 90-days, and we are waiting for the Federal Register Notice to confirm exactly when the 90-day period is over.

The IEEPA Fentanyl tariff of 20% still remains in effect, as do tariffs for goods subject to Sec 301 and Sec 232 duties.

We will continue to monitor and provide updates as they become available. Please contact your V. Alexander account team, or you may also contact our Trade Compliance team at tradeinsights@valexander.com with any questions.