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Customer Advisory: Regulatory & Trade Updates
Jul. 29, 2025
Customer Advisory
- Fact Sheet: The United States & the European Union Reach Massive Trade Deal, July 28, 2025
In a Fact Sheet released by the White House, U.S. President Donald Trump announced a “trade deal,” not final yet, rebalancing the economic relationship between the two largest economies. While details have yet to be worked out, it requires massive European Union investments in the United States economy and removal of non-tariff barriers to United States products. While this is still only a “Fact Sheet” and details have yet to be finalized, the centerpiece is a 15% baseline tariff on European Union exports to the United States, except for steel which is still currently taxed at 50%. The European Union has also committed to buying $750 billion in energy from the United States over three years and has claimed they are going to invest $600 billion in the United States. While the tariffs will apply to 70% of European Union exports, United States exports to the European Union, including cars, will be duty free. - Joint Statement – United States - Indonesia - Framework for Negotiating Agreement, July 22, 2025
The agreement includes elimination of approximately 99% of tariff barriers for a full range of United States industrial, food, and agricultural products. The United States will reduce to 19% the reciprocal tariffs and may also identify certain commodities that are not naturally available or domestically produced in the United States for a further reduction in the reciprocal tariff rate. For key terms of the agreement, go to the link above. - Fact Sheet: Landmark Economic Agreement with Japan Announced, July 23, 2025
Japan will invest $550 billion directed by the U.S. to rebuild and expand core American industries, such as Energy infrastructure and production, including Liquefied Natural Gas (LNG), advanced fuels, and grid modernization; Semiconductor manufacturing and research, rebuilding U.S. capacity from design to fabrication; Critical minerals mining, processing, and refining, ensuring access to essential inputs; Pharmaceutical and medical production, ending U.S. dependence on foreign-made medicines and supplies; Commercial and defense shipbuilding, including new yards and modernization of existing facilities. The fact sheet also details increased market access for U.S. producers. - United States Department of Commerce Announces Withdrawal from 2019 Suspension Agreement on Fresh Tomatoes from Mexico
Suspension of liquidation and Anti-Dumping cash deposit requirements take effect from July 14, 2025, for imports of fresh tomatoes from Mexico (A-201-820), together with an imposition of 17.09% tariff. - Office of the United States Trade Representative Launches Section 301 Investigation for Brazil, Comments Due August 18, 2025
Pertaining to Brazil’s acts, policies, and practices related to digital trade and electronic payment services; unfair preferential tariffs; anti-corruption enforcement; intellectual property protection; ethanol market access; and illegal deforestation; hearing. - The Base Metals Center of Excellence and Expertise and the Area Port of Chicago announced an updated Steel Identification, Classification & Trade Law Seminar – Tuesday, September 16, 2025, 8:00 AM CDT – Wednesday, September 17, 2025, 3:30 PM CDT. The seminar program has been significantly modified, revised, and restructured to include new material on Section 232 tariffs, fraud, circumvention and evasion, and information on current issues. For registration, agenda, and speakers’ list, please visit http://www.steelseminar.us. Also note the registration deadline is Tuesday, August 26, 2025.
- U.S. Customs and Border Protection (CBP) will implement a nationwide rejection of missing or invalid Shipper and Consignee in Air Cargo Advance Screening (ACAS). CBP is deploying changes to the Certification (CERT) environment for testing purposes. Prior to issuing rejections, CBP is implementing a warning period, which began on July 28, 2025. Rejections will be effective September 27, 2025. ACAS filers are expected to follow the updated Air Cargo Advance Screening (ACAS) Implementation Guide and process these warning/rejection notifications and work to correct the issue with the shipper/bill of lading issuer for compliance on that shipment.
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