June 4, 2025–Top Stories
White House Update
President Trump signed a Proclamation this week that increases the tariffs on steel and aluminum imports to 50%, taking effect today.
In response to the Trump Administration’s recent tariff actions, AAEI’s Customs Committee launched a Tariff Working Group. The next meeting is on Tuesday, June 17th at 2:00 p.m. EST and will include a discussion on the U.S. tariffs from the EU and Canadian perspectives.
If you are interested this working group or a Committee, please visit AAEI’s Member Hub to join. After logging in, click “My Info” and add the Working Group to “Lists/Committees.”
Stay informed of tariff changes using AAEI’s Presidential Actions Timeline.
Regulatory Update
CBP released the following new CSMS messages with updated guidance on steel and aluminum tariffs.
- Guidance on Steel and Steel Derivatives (CSMS # 65236374)
- Guidance on Aluminum and Aluminum Derivatives (CSMS # 65236645)
- Guidance on Tariff Stacking (CSMS # 65236574)
AAEI Actions
AAEI met with Commercial Officers from the Egyptian Embassy last week to discuss ways to increase trade between U.S. and Egyptian businesses. The discussion identified four areas for collaboration: sharing market information, organizing trade missions, educating Egyptian businesses on U.S. trade policy, and holding business matchmaking events. The meeting follows recent U.S.-Egypt trade agreements aimed at reducing barriers. The U.S. currently maintains a trade surplus with Egypt.
More Stories to Stay Informed:
- CBP released an updated guide on Withold Release Order (WRO) and Finding Modifications last week.
- CBP extended the end date for reciprocal in-transit IEEPA tariff exemption to June 16th last week.
- CBP’s Commercial Customs Operations Advisory Committee (COAC) is holding its next quarterly meeting on June 18, 2025.
- The Trump administration is reportedly considering invoking the never-used Section 122 of the 1974 Trade Act in the wake of the CIT decision and appeal. Section 122 would allow the President to impose additional tariffs up to 15% for 150 days from any countries with a trade deficit.
- The District Court for Washington, DC stayed its decision this week, finding that the International Economic Emergency Powers Act (IEEPA) does not give the President tariff-setting authority.
- The Organisation for Economic Co-operation and Development (OECD) reduced its global growth expectations for 2025, stating that President Trump’s tariff actions will hurt economic growth and increase inflation worldwide.
- Mexico’s Customs released a notice today that changes the implementation date for the new exporting requirements to July 7th.
