On August 29, a federal appeals court ruled Trump’s tariffs illegal in a 7-4 decision. The ruling, which backed the Court of International Trade, could impact international, and country specific tariffs.
The End Of De Minimis
Big changes are on the horizon for global trade. Starting August 29, the de minimis exemption—which currently lets goods under $800 enter the US tax-free—will come to an end.
Court Blocking Trump’s Tariffs
In a major shake-up for international trade, the U.S. Court of International Trade has ruled against President Trump’s 10% tariff—calling it unlawful.
Trump Imposes New Import Tariffs
President Donald Trump has signed an executive order to enforce new import tariffs on top U.S. trading partners. While Mexico and Canada’s tariffs have been postponed, China’s tariffs took effect.