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: Last week on April 2nd, President Trump rolled out his reciprocal tariffs plan. Some highlights outlined in a published White House tariff policy report include:
–Implementing a 10% tariff on all countries, taking effect April 5th at 12:01am EDT.
–Implementing a tailored reciprocal tariff increase, that targets nations with which the U.S. holds large trade imbalances. All other countries will remain under the existing 10% tariff rate. In effect April 9th at 12:01am EDT.
Under the President’s discretion, things could change or be modified should countries add reciprocal tariffs of their own or decrease tariffs.
–There are various exemptions, of which will not be subject to the reciprocal tariff. Also included in the exemptions are goods that comply with the USMCA.
Diesel update:
The average price of diesel increased by 4.7 cents a gallon. Putting the average price of diesel at $3.639 per the U.S. EIA.
The Midwest region (up 6 cents), USWC (up 5.9 cents), USGC (up 5.6 cents), and the USEC (up 1.8 cents a gallon) all saw increases from last week.
Intermodal:
BNSF adds a new (faster) service from the Pacific Northwest destined and connecting to Chicago, the railway said in a news release. This new service includes partners Norfolk Southern and the Northwest Seaport Alliance.
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