President Trump Imposes Reciprocal Tariffs To Address National Emergency Created By Foreign Trade And Economic Practices
By EsqSocial Corporation 07/04/25
The President also signed an Executive Order that will eliminate duty-free de minimis treatment and create a new duty collection process for low-value postal shipments from China and Hong Kong. On April 2, 2025, President Trump signed an Executive Order, pursuant to the International Emergency Economic Powers Act of 1977 (“IEEPA”), imposing baseline 10 percent ad valorem duties on imports of most products from all countries, with individualized country-specific rates up to 50 percent...
By: King & Spalding