The White House has issued a new memorandum on reciprocal tariffs, further detailing the changes to U.S. trade policy. Here’s what you need to know:

1. The administration is starting to identify non-reciprocal trade relationships, but no defined timeline for action has been set.
2. Agencies will begin investigating the impact of non-reciprocal trade arrangements, with reports submitted directly to the administration once investigations are complete.
3. The Office of Management and Budget (OMB) will assess the fiscal impact on the federal government and the burden of information requests on the public. This review must be completed by August 13.

Based on this information, it will likely be several months before this initiative gains traction. Implementation will also take time, as evidenced by recent trade actions like the expiration of Section 321 for China and the derivative steel and aluminum articles.  

For more details, you can view the official White House memo here: Reciprocal Trade and Tariffs Memo   

We’ll continue to monitor updates and share any developments that might affect your shipments. If you have questions or concerns, please contact us at [email protected].