U.S. CBP has released updated and expanded guidance regarding the IEEPA Reciprocal Tariffs that took effect on April 5, 2025.
Transit Exception Window:
Articles from any country that were loaded onto a vessel at the port of loading and in transit on their final mode of transport prior to entry into the United States before 12:01 a.m. EST on April 5, 2025 and are entered for consumption or withdrawn from a warehouse for consumption on or after April 5, 2025 and before 12:01 a.m. EST on May 27, 2025 will be exempt from the 10% reciprocal tariffs.
U.S. Origin Content Exemption:
For articles in which at least 20% of the article’s value is of U.S. origin, the U.S. content will not be subject to the reciprocal tariff. The reciprocal tariff will be assessed on the non-U.S. content.
Drawback Eligibility:
Unlike previous tariff implementations earlier this year, drawback is available for the additional duties imposed under this Executive Order.
References:
The most current version of Annex I, listing affected countries and their applicable tariff rates as of April 9, 2025, can be found here: Annex I
Note: Countries not listed in Annex I remain subject to the current 10% tariff.
The Annex II list of exempted items is available here: Annex II
For complete guidance, please refer to the following official sources:
We will continue to monitor this and provide updates as they become available