Monday Apr 07, 2025
[NEWS] Explaining the Reciprocal Tariffs with Cindy Allen and Heather Litman
Trade Professionals: Are you feeling a sense of déjà vu?
Once again, a new month brings yet another tariff update, transforming your carefully planned supply chain strategy into a precarious game of regulatory Jenga. With stress levels running high, it’s almost tempting to classify "tariff interpretation" as an endurance sport.
Recorded on April 3rd, this episode offers essential insights into the latest trade policy changes impacting importers and exporters. Stay informed and prepared as we navigate these evolving regulations together.
Featured Experts:
Cindy Allen: https://www.linkedin.com/in/cindy-allen-a3188210
Heather Litman: https://www.gdlsk.com/people/litman-heather/
Disclaimer:
⚠️ IMPORTANT: Trade regulations are rapidly evolving. The information in this podcast was accurate as of April 3rd, 2025, but may have changed. Always consult current official sources and trade professionals for the most up-to-date guidance.
Key Takeaways:
1. Tariff Stacking Explained
- New Reciprocal Tariffs (RT) and Original IEEPA tariffs will stack
- Potential duty rates for China could reach up to 54%
- Different calculation methods for various trade scenarios
2. Critical Compliance Strategies
- Know your supply chain thoroughly
- Understand country-specific tariff implications
- Prepare for increased enforcement and scrutiny
3. De Minimis Changes
- Elimination of de minimis for China and Hong Kong starting May 2nd
- Postal carriers now required to pay duties
- Over 75% of current de minimis shipments affected
Expert Quotes:
"This is not a time to play games. This is a time to really be trying to be compliant." - Heather Lipman
"Focus on what you can control: know your supply chain, understand your products, and stay educated." - Cindy Allen
Actionable Advice:
- Sign up for Customs Service Messaging (CSMs)
- Consult trade experts, brokers, or lawyers
- Review your import history in ACE system
- Consider specialized trade training
Still Have Questions? Access Exclusive Resources Here ⏬
Recommended Resources:
Global Training Center Courses https://globaltrainingcenter.com/courses/
International Trade Compliance Webinars https://globaltrainingcenter.com/webinars/
Customs Broker Prep https://globaltrainingcenter.com/customs-broker-prep-course/
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Contact Us/ Suggest Topics
Contact: SimplyTrade@GlobalTrainingCenter.com
Credits:
Host: Annik Sobbing - https://www.linkedin.com/in/annik-sobing-mba-b226251a2/
Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/
Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/
Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.
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