| On July 30th, the President announced an additional 40% IEEPA tariff on with respect to articles of Brazil origin. The effective date of the increased tariffs is 12:01 a.m. ET Aug 6th. This tariff is in addition to the 10% IEEPA Reciprocal tariff, for a 50% tariff above the HTS specific MFN rate. The following exceptions are provided for:
- In-Transit: Goods in transit that were loaded on to a vessel at the port of loading and in transit on the final mode of transit prior to 12:01 a.m. ET Aug. 6, AND were entered for consumption, or withdrawn from warehouse for consumption before 12:01 a.m. ET on Oct. 5, 2025, the tariffs will NOT apply.
- Donations and Informational Material
- Goods listed in Annex I to the Executive Order
- Goods subject to Section 232 tariffs, which currently includes Steel, Aluminum, Autos & Parts and newly announced Copper
FTZ: Products admitted to an FTZ after 12:01 a.m. ET on Aug. 6, must be admitted as privileged foreign status.
Duty Drawback: There is no prohibition to claiming Duty Drawback on these tariffs at this time.
The E.O. with Annex I may be referenced here.
The Trade is pending an official announcement and additional guidance from Customs and Border Protection on the implementation of the increased tariffs, including specifics on the in-transit exemption. |
