Questions on Tariffs?
Tariffs can be complicated — there’s a lot happening. Wondering if your goods qualify for an exemption? Or just looking for some clarity? We’re here to help with any questions you have.
Contact us at support@commerceexpressinc.co
Tariffs:
On April 9th around midday, President Trump announced he would be temporarily pausing his reciprocal tariffs for 90 days on most countries. Those countries (except for China) will still see that 10% baseline reciprocal tariff, but not the additional increases that were originally imposed.
Additionally, late last Friday President Trump said some goods would be exempt from the reciprocal tariffs, mainly electronics, per the White House. There’s a variety of them so make sure you talk to your provider (or reach out to us) to see if your products qualify.
It’s worth noting that the 25% tariffs on automobiles, auto parts (went into effect April 2nd), as well as steel/aluminum tariffs (went into effect March 12th), are still in place. There are some exemptions, of which include those imported under the USMCA that are deemed compliant.
As we mentioned above, we understand that there’s a lot happening right now with tariffs. If you’d like to have a conversation about it, please don’t hesitate to reach out.
Diesel update:
The average price of diesel decreased by 6 cents a gallon. Putting the average price of diesel at $3.579, per the US EIA.
The Midwest region (down 6.9 cents), USWC (down 3.7 cents), USGC (down 7.1 cents), and the USEC (down 5.3 cents), all saw decreases from last week.
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