TradeLane

Today, the U.S. Supreme Court ruled that the government cannot use the International Emergency Economic Powers Act (IEEPA) to impose tariffs. This is a significant legal change, but there is no immediate operational impact for importers. Duties under IEEPA must still be paid, and refund questions remain unresolved. IEEPA tariffs will be replaced with a 10% global tariff under Section 122 of the Tariff Act of 1974.

A bonded warehouse, renowned for its secure storage, allows for the deferment of customs duty payment until the goods reach their destination. Large distributors often seek this secure environment as their distribution center. While the usage principles may be similar, each country’s unique management regulations and incentives create comparative advantages to be considered in the decision-making process.

This helps to avoid potential unintended consequences regarding FTA eligibility, providing a sense of reassurance to the business owners, logistics managers, and import/export professionals.

On February 18, 2025, Vietnam’s National Assembly approved a major government restructuring, consolidating ministries and agencies, eliminating specific National Assembly and Party committees, and dissolving multiple state-run organizations to streamline operations and support economic growth. 

Tradewin is excited to travel to Orlando, Florida, for the International Compliance Professionals Association (ICPA) event. We look forward to connecting with fellow trade compliance professionals, exploring the latest industry insights, and reinforcing our commitment to providing exceptional service to our clients. 

To improve satisfaction among Advanced Certification Enterprises (AEO Enterprises in China), the General Administration of Customs (GACC) has recently clarified the extension of the time limit for AEO enterprises to make voluntary disclosures without facing administrative penalties.