On March 3, 2025, the President of the United States enacted an executive order that modifies paragraph 2(a) of the executive order dated February 1, 2025. Consequently, all products originating from China will incur an additional ad valorem tariff of 20%. On the same date, U.S. Customs announced that products from China, including those from Hong Kong, entering or being removed from warehouses for use between February 4 and March 3, 2025, will be subject to an extra 10% ad valorem tariff.
Following March 4, 2025, all products, regardless of whether they are entering or exiting warehouses for use, will face an additional 20% ad valorem tariff. In addition to this extra ad valorem duty, all other applicable duties—including anti-dumping and countervailing duties, as well as taxes, fees, levies, and charges—must also be settled.
Furthermore, there will be no refunds for the additional duties imposed if the Federal Register notice is executed in accordance with the Executive Order of March 3, 2025. Additionally, administrative exemptions from customs duties and certain taxes, referred to as “de minimis” exemptions, will still apply to items that previously qualified for such exemptions.
***Photo Reference: https://members.asicentral.com/news/industry-news/september-2024/federal-government-finalizes-tariff-increase-on-china-made-steel-aluminum/ ***