With the rate hike on many Chinese goods, and a new round of tariffs proposed, importers and customs brokers need to be vigilant about monitoring bond sufficiency. May 2019 was a very busy month for the Trump administration and changes to tariff rates. Some importers will see some relief with the reductions and/or removal of tariffs on aluminum and/or steel from Turkey, Canada, and/or Mexico. India and Turkey will soon have their GSP eligibility revoked. And, the automobile and parts tariff decision was delayed for up to 6 months. However, hikes to existing tariffs and the initiation to impose […]