Insights

US Court Strikes Down Trump’s IEEPA Reciprocal and Opioid Tariffs

May 29, 2025.
Trade Publications

On Wednesday evening, May 28, 2025, the US Court of International Trade (CIT) ruled that the Trump Administration has made improper use of the International Emergency Economic Powers Act (IEEPA) to produce the major tariffs he has leveraged US trade policy with since he took office. The court has subsequently ordered that...

US Lowers Reciprocal Tariff on Chinese Imports to 10 Percent

May 13, 2025.
Trade Publications

Donald Trump has issued an executive order (EO) prescribing the means for reducing the 125% tariff against goods from China as a result of ongoing talks between the US in China in Geneva, Switzerland. Starting at 12:01 am on May 14, 2025, the 125% tariff against Chinese imports issued to address the trade imbalance between...

USA and China agree to “Cease-Fire,” Reduce Their Punitive Tariffs

May 12, 2025.
Trade Publications

As a result of talks in Geneva, Switzerland, the White House has announced that the US and China have agreed to take joint measures to deescalate the trade war between the two nations. Most significantly, the US has agreed to reduce its 125% IEEPA tariff on products from China down to 10%...

Unlocking the Power of Annual Reports: Essential Knowledge for Business Success

May 06, 2025.
Tax Publications

As companies continue to grow, it’s not surprising that they will tend to register in a multitude of states. When a company begins conducting business activities in a new state, it must register with the state’s Secretary of State. Once the initial registration is complete, annual...

Unexpected Tariff Relief: White House Announces the “non-stacking” of Certain Tariffs

April 30, 2025.
Trade Publications

Certain additional tariffs implemented by the Trump administration will cease to apply cumulatively, according to an executive order (EO) issued by the White House on April 29, 2025. The EO, titled “ADDRESSING CERTAIN TARIFFS ON IMPORTED ARTICLES,” announces the “non-stacking” of several major tariff measures currently affecting US...

Relief from 125%, and the End of the De Minimus Exemption

April 14, 2025.
Trade Publications

On Friday, April 11, 2025, the White House issued an amendment to previous executive orders to provide an exemption for certain electronic goods from the “reciprocal” tariffs announced on April 2, 2025. Modified since April 2, the current configuration of these tariffs places a flat 10% on imports from all countries except China, and...

Antidumping and Countervailing Cases Update

April 14, 2025.
Trade Publications

Antidumping (AD) and countervailing (CV) duties are trade measures used to protect domestic industries from unfair competition. AD duties target products sold below fair market value, while CV duties address subsidies provided by foreign governments to their exporters. It is important to follow any relevant AD and CV cases for...

Last Week in Allyn Tax News (April 11, 2025)

April 14, 2025.
Tax Publications

Allyn Tax Fun Facts Happy Monday! Are you ready for more Allyn Tax Fun Facts? For decades, New York City's Cabaret Law required nightclubs to pay a special tax if patrons danced. The law was finally repealed in 2017 after nearly a century! To learn more, ask an expert here:...

Analysis of Q1 2025 Asia-Originated Freight Rates and Q2 Strategies

April 11, 2025.
Logistics Publications

In the first quarter of 2025, ocean and air freight rates originating from Asia have experienced notable fluctuations across various cargo categories. Ocean Freight: General Cargo: The Shanghai Export Containerized Freight Index reported a steady increase, reaching 2,460.34 points by late December 2024. This trend is attributed to heightened demand preceding the Chinese...

Reciprocal Tariff Pauses & Increase for China

April 10, 2025.
Logistics Publications, Trade Publications

CSMS # 64701128 announced reciprocal tariffs are paused for 90 days for all adjusted reciprocal rates with the exception of China. The rate will be lowered back to 10% for the next 90 days for all countries except China. China’s (including Hong Kong & Macau) reciprocal tariff is now 125%. Additionally, the EU has...

Reciprocal Tariff Implementation Paused

April 09, 2025.
Logistics Publications, Trade Publications

President Trump has announced through social media that he is pausing reciprocal tariffs for 90 days for countries that have not yet retaliated. So, for countries that have not retaliated, the rate will be lowered back to 10% for the next 90 days. There has been no notification yet interpreting what constitutes retaliation. ...

Trade War with China Escalates (again)

April 09, 2025.
Trade Publications

Subsequent to the White House’s “Liberation Day” announcement of adjusted reciprocal tariffs targeting Chinese imports at 34%, China announced additional tariffs at parity with the USA’s trade adjustments – a corresponding 34%. On April 8, 2025, citing Section 4(b) of his Liberation Day executive order, Trump announced...