White House Publishes Fact Sheet Outlining Recent Trade Agreement with China The White House published a fact sheet over the weekend detailing the agreement reached by President Trump and Chinese President Xi Jinping in South Korea on October 30th. In this agreement, China has agreed to, amongst other promises, suspend the implementation of their export controls on rare earths that was announced …
CARMICHAEL COMPASS: ISSUE 25-048 – October 31, 2025
CBP Releases Guidance on the Implementation of Section 232 for Medium- and Heavy-Duty Trucks, Parts, and Buses Late Wednesday, October 29, Customs and Border Protection released a CSMS message detailing guidance for the implementation of Section 232 duties on Medium- and Heavy-Duty Trucks, parts, and buses. The lengthy CSMS message contained tariff headings, rates, and other relevant information regarding the …
CARMICHAEL COMPASS: ISSUE 25-047 – October 29, 2025
Trade Agreements Reached with Malaysia, Vietnam, Cambodia, and Thailand Over the weekend, the White House has announced that various trade agreements had been reached with the countries of Malaysia, Vietnam, Cambodia, and Thailand. In the agreement with Malayasia, the reciprocal tariff rate for Malaysian goods will remain at 19%, though the U.S. has also identified various products from those set …
CARMICHAEL COMPASS: ISSUE 25-046 October 23, 2025
Possible 100% Additional Duties on Chinese Goods On October 9, China announced the imposition of large-scale export controls on most every product made in China. This includes rare earth metals. These export controls will affect every country. In a social media post, President Trump announced his intent to respond with an additional 100% tariff on all Chinese products, beginning November …
CARMICHAEL COMPASS: ISSUE 25-044 – October 15, 2025
Reminder: Chinese Cargo Ship Fee Begins October 14 Fees on Chinese-built, -owned, or -operated vessels as well as foreign-built vehicle carriers entering U.S. ports began October 14. These fees, which will increase exponentially over the next three years, are the result of a determination by the USTR that the attempted dominance of China’s maritime, logistics, and shipbuilding sectors is actionable …
CARMICHAEL COMPASS: ISSUE 25-041 September 26, 2025
President Trump Plans New Tariffs on Imports of Furniture, Heavy Truck, and Pharmaceuticals President Trump posted an announcement on Truth Social that he would impose new tariffs on imports of furniture, heavy trucks, and pharmaceuticals on October 1. He will impose a 25% tariff on heavy trucks to protect the future of U.S. manufacturers. He will assess a 50% tariff …
CARMICHAEL COMPASS: ISSUE 25-040 September 17, 2025
Updated Implementation Guidance for U.S. Japan Agreement In a CSMS message released late on Monday, September 15, CBP has released updated guidance on the implementation of the U.S. Japan trade agreement. This update contains tariff numbers and effective dates for the various modifications of duties that accompany the agreement. Retroactive to 12:01 AM EDT on August 7, goods that are …
CARMICHAEL COMPASS: ISSUE 25-039 September 10, 2025
Supreme Court will Hear the Two Cases that the CAFC was Remanding Back to the CIT Last week the U.S. Court of Appeals for the Federal Circuit (CAFC) affirmed with CIT on the President’s unlimited authority under IEEPA to set reciprocal tariffs and the fentanyl tariffs on Canada, Mexico, and China. The CAFC set up to remand the cases back …
- Page 2 of 2
- 1
- 2