Import Tariffs Part Deux - 05302025

This is a continuation of the prior thread. Keep it on the rail (I include myself in this)

https://sellersasksellers.com/tos

:victory_hand:

As of today DJT announced steel tariffs of 50%, double their current rate of 25%

Steel Tariffs

This is a developing story and will be updated.

7 Likes

This topic is temporarily hidden and closed while the moderation team decides if a continuation of the original topic is in the best interest of SAS at this time, or if alternative means of keeping Sellers updated are warranted.

The original topic required significant modding and did not bring out the best in our community, while its helpfulness is yet to be determined.

To all Sellers, please do not start another tariff topic while this one is under review. Thank you.

3 Likes

This topic is important to many of our businesses and many of us have an interest in keeping up with the ever changing landscape around it. Please keep the posts to tariffs and “keep it on the rail”.

If you think a post doesn’t meet our forum standards, is off topic or is offensive in nature, please help by flagging the post so that it can be reviewed by the mods.

Remember that you can mute any thread that you wish not to receive update notifications from if needed.

Differences in opinions is not an automatic reason for a post removal. How an opinion is expressed could be reason for removal.

No daggers, dog whistles or “this might get removed” type posts. Make your point without using these methods.

With that … thank you @Tried_Tested for restarting the discussion in the way you did … appreciated.

6 Likes

Summary as of June 1, 2025

Worldwide Tariffs are on Hold until July 4, but for 10%
Europe Tariffs - and that 50% are on Hold until July 4, but for 10%
China Tariffs - are on Hold until August 9, but for 30%
Canada/Mexico are is ???, but for 10%
Steel, aluminium, rose from 25% to 50% a few days ago
De Minimus Tariffs are still in effect.
(please correct me if I am wrong)

But the Trade Court, struck down all but the Steel, Alum, Tariffs as they were made without an emergency declaration.
But the Appeals Court, to the Trade Court stayed the ruling. So what do we have? Another 15 to 30 day wait.

So July 4 is 35 days away. The next deadline (unless there are more tariff, that can be dreamed up)

What does a country do? Negotiate now, or wait. So far as I can tell, there has been only 1 agreement with Britain, and the areas of tariffs were pretty limited to certain areas.
That leaves another 120 or so? 60 days = 1, 30 days left

What does a US Vendor do? Well the big boys, are probably shipping like mad and eating the 30% (or pass it thru at a minimum), during this “lull”. If it stays at 30%, they will survive, if lower, they paid more, but are overjoyed, and if higher, then they have stocked up at 30%

But what of the 100,000 small vendors (that is you), purchasers, and all businesses that are effected?

That is the big question? Many will fold, most will be effected at least in a minor monetary way (the stapler that broke cost an extra 40¢, whatever), and I think a majority will be hit with major losses, in either increased expenses, reduced sales, or delay in new product development or investments.

Maybe I am to close to the fire, but it seems this all should have a major effect on our economy, and our mood, to spend. Add that the disruption of many federal jobs, only hurts the overall economy from powering through the hurt the retail markets will feel.

11 Likes

Excellent summary, thank you @Chimanimani

4 Likes

@Chimanimani Thank you for the summary. :folded_hands:

Please allow me to elaborate further regarding the De Minimis part.
(When I said elaborate, I mean that I just want to make sure that I’m understanding this correctly. :sweat_smile: Please correct me if I’m wrong.)

From my understanding, for goods whose country of origin is China or Hong Kong, the calculation for the tariff/duty varies by how it is shipped.

If the goods (<$800) are shipped through the international postal system (postal entry through post office), the shipment is now subject to a 54% tariff (was previously 120%), or instead a flat fee of $100 per package (as it says “per postal item containing goods” instead of simply “per item”). The flat fee was set to rise to $200 on June 1, but the scheduled increase was cancelled along with the “on Hold” rollout.

If the goods (<$800) are shipped through other carrier services (informal/formal entry through FedEx, DHL, UPS, etc.), the shipment will now go through informal entry, and the tariff is calculated just like any other shipments <$2500. The shipment will be subject to the base tariff rate categorized by the HTS code, plus 30% (10% baseline levy plus a fentanyl-specific 20% levy) that goes on top of it.

Here is an overview from FedEx in May:

Currently, the De Minimis exemption is still in place for goods from other countries.
If the total shipment amount is below $800, the worldwide 10% tariff is exempted, no matter it is shipped through the postal system or through other shipping carriers.

It was previously speculated that the De Minimis exemption will eventually end for all countries.
However, some lawyers (I saw on the internet) said that if the SCOTUS sided with the recent ruling from the Court of International Trade, it is likely that the De Minimis exemption for China and Hong Kong will be revived, as the revocation of De Minimis was also vacated as part of the executive order that was vacated.

5 Likes

Hi all, can anyone recommend a clear, concise source for updated tariff summaries? I’m looking for bullet points, maybe even a spreadsheet, with current status–no editorializing, just basic facts Thank you!

3 Likes

This issue is there is no standard updated tariff summary as everything has been in flux. What one can do is contact their customs broker and they can verify total tariff + duties to be paid on incoming HS Code.

But it’s fairly simple:

  1. Base tariff rate - obtained from Harmonized Tariff Schedule

  2. 301 Tariffs - if you HS Code classifies under 301 Tariffs (Primarily China)

These are all pre-tariff escalation and have not changed.

China specific.

  1. The additional rates are 20% Fentanyl - on almost all HS Codes and an additional 10% on the agreed tariff rate for China.
2 Likes

This list seems pretty up to date and as non political as one can get for the circumstances.

It is noon here on the West Coast and time for some taco tuesday.

5 Likes

Yes! Thank you! A big, beautiful spreadsheet of updates sorted by country but searchable by other queries, complete with links and notes. :nerd_face:

3 Likes

I love how they include the actual federal register links so we can read the details like

“I have declared a national emergency arising from conditions reflected in large and persistent annual U.S. goods trade deficits, which have grown by over 40 percent in the past 5 years alone, reaching $1.2 trillion in 2024.” so business owners can see who, what, why, when, where and most importantly how much.

1 Like

8 posts were merged into an existing topic: :locked_with_pen: The Junk Drawer

In regards to the de minimus exception, the BBB as written (not yet passed or modified as of yet) proposes the complete elimination of the de minimus (except for when we bring gifts and booze from overseas - which may revert (undefined as of yet) to $300 max.

“Specifically, the bill would terminate the $800 de minimis exception for commercial shipments from all countries as of July 1, 2027 (while retaining the lower de minimis amounts for gifts and items accompanying persons arriving in the U.S.). It would also impose a penalty on those who use the de minimis exception before that date to import goods in violation of any other U.S. law. This penalty would be $5,000 for the first violation and $10,000 for each subsequent violation.”

Sec. 112030 De minimis trade big beautiful bill

4 Likes

SBA is seeing major cutbacks as well so the double whammy on the tariff/inflation side is not being supported by the administration at all.

3 Likes

Wow I totally missed that :woman_facepalming:
Thank you. :folded_hands:

3 Likes

2 years from now ?

3 Likes