With recent announcements of new tariffs targeting goods from Canada and China, we know the uncertainty this brings to your trade compliance processes. In this two-part post, we’ll break down what’s happening and how Quickcode can help you navigate these changes with ease.
Understanding the Changes
New tariffs are always a challenge, and President Trump’s recent executive orders concerning tariffs on goods from Mexico, Canada, and China are no exception. Here’s a quick overview to keep you in the loop.
Canada and Mexico Tariffs
Although President Trump signed an order on February 2, 2025, adding a 25% tariff on goods from Mexico and Canada, the US government has paused implementation of the new tariffs for 30 days. Tariffs on almost all imported goods from the two countries were scheduled to take effect on February 4, 2025.
China and Hong Kong Tariffs
President Trump also signed an executive order placing additional tariffs on goods from China and Hong Kong. The impact of the order:
- Effective February 4, 2025, a 10% additional ad valorem duty applies broadly to Chinese and Hong Kong goods, which is in addition to any applicable Section 301 tariffs, with specific exemptions. The new tariff code is 9903.01.20
- Exclusions Include humanitarian donations (HS 9903.01.21) and informational materials (HS 9903.01.22), along with goods in transit before February 1, 2025 (HS 9903.01.23).
- Chinese goods will lose the de minimis administrative exemption available under 19 U.S.C. § 1321(a)(2)(C). Formal entry and applicable duties are now required (see details about this exemption here).
You can find the complete details about the new China/Hong Kong tariffs in CBP’s official notice here.
As soon as the USITC updates the tariff schedule, Quickcode will automatically reflect these changes, so you’re always up to date!
Quickcode Simplifies Compliance
Trade compliance doesn’t have to be complicated, even when tariffs are changing. Here’s how Quickcode steps in to help:
- Flagging New Tariffs: Quickcode will automatically flag new tariffs as they apply to both existing and new product classifications, ensuring you never miss a beat.
- Compare and Choose: Our platform allows you to compare effective tariff rates, helping you make informed decisions about sourcing from different countries.
- Automatic Notifications: Compliance monitoring customers receive instant notifications for all affected products, with a streamlined workflow to easily update and attach the new tariffs.
- Single Pane of Glass: Quickcode’s intuitive UI puts all relevant resources at your fingertips, making it simple to navigate complex tariff landscapes.
- AI-Assisted Classification: You need the correct HS code in order to determine your tariff. Our AI tools make sure you’re always compliant from the get-go.
At Quickcode, we understand that your role as a trade compliance professional is essential. Our tools are designed to make your job easier, more efficient, and more accurate. As these new tariffs roll out, count on Quickcode to keep you informed and prepared.
Stay compliant, stay ahead! If you have questions or need assistance, don’t hesitate to reach out.
Why Quickcode?
Choosing Quickcode means partnering with a solution designed to meet the demands of modern supply chain management. Our robust, AI-driven platform ensures your product catalog is always compliant, allowing you to operate with confidence and efficiency.
