| Importers are facing a rapidly changing trade environment, and now is the time to take action. From upcoming freight rate increases to tariff changes and refund opportunities, there may be significant money at stake for your company. Here are the key items importers should be aware of: IEEPA refund opportunities: Our clients are recovering millions and millions of dollars through IEEPA-related refund opportunities — and many importers may still be eligible. However, the filing window is closing, so time is of the essence. Upcoming GRI increases: General Rate Increases are currently expected on June 15th and July 1st, with increases ranging from approximately $500 to $2,000, depending on origin and destination. Vessel space challenges: If you are having difficulty securing space on vessels, our team can help you identify options and plan ahead. Demurrage exposure: We’ve heard that a lot of importers (not our clients) are currently paying demurrage. If you are frequently paying demurrage, we can help review your process and look for ways to reduce avoidable charges. Customs exams: Paying thousands in exam fees? Has the number of Customs exams increased? We can help evaluate ways to reduce the likelihood and impact of Customs exams. Tariff changes: A new 10% to 12.5% tariff may impact goods from approximately 60 countries related to forced labor enforcement, replacing temporary duties currently set to expire on July 24th. These tariffs are set to go into effect after a public comment period that ends July 7th Steel and Aluminum Updates: On June 1, 2026, the White House issued a proclamation introducing modifications to the Section 232 tariff regime affecting imports of aluminum, steel, copper, and related derivative products. These changes, effective from June 8, 2026, through December 31, 2027, expand product coverage and introduce targeted relief measures, with important implications for importers, manufacturers, and supply chains. Freight costs, tariffs, Customs activity, and refund deadlines are all moving quickly. Let us help you determine where you can save money, recover funds, and avoid unnecessary costs. Contact us today to review your shipments and see how much money may be on the table. |