News

60+ shipping containers fell from a cargo ship, the MV Mississippi (IMO 9954187), at the Port of Long Beach’s main channel at Pier G. According to Cargowise records, no OIA Global freight was loaded on the MV Mississippi at the time of the accident.

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According to a White House fact sheet, some goods have been added to Annex II, meaning they will no longer be subject to reciprocal tariffs. These goods include bullion-related articles and certain critical minerals and pharmaceutical products subject to pending Section 232 investigations.

Other goods, including certain aluminum hydroxide, resin, and silicone products, have also been removed from Annex II, meaning they are now subject to reciprocal tariffs. These changes took effect on September 8th, and the full list is available below.

Annex II List

An Executive Order, Implementing the United States–Japan Agreement, sets a baseline 15% ad valorem duty on nearly all imported products from Japan. The duties apply retroactively to products of Japan entered for consumption or withdrawn from a warehouse for consumption on or after 12:01 a.m. EST on August 7th, 2025.

The legislation also includes sector-specific treatment for automobiles and automobile parts; aerospace products; generic pharmaceuticals; and natural resources that are not naturally available or produced in the United States. 

Executive Order

U.S. President Donald Trump released an Executive Order, imposing an additional 25% tariff on Indian product imports into the U.S., effective 12:01 a.m. ET on August 27th.

According to the White House, this decision was made due to India’s direct or indirect importation of oil from the Russian Federation.

Executive Order

The de minimis exemption for low-value parcels is officially void, as of August 27th, 2025. The de minimis rule allowed goods valued at $800 or less to enter the United States duty-free and with minimal customs oversight.

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The United States and European Union announced a framework for a long-term agreement on reciprocal, fair, and balanced trade. The framework provides specific benchmarks for the EU to secure tariff discounts on cars, pharmaceuticals, and semiconductors, as well as commitments to cooperate on economic security matters, food standards, and digital trade.

• The EU intends to eliminate tariffs on all U.S. industrial goods and to provide preferential market access for a wide range of U.S. seafood and agricultural goods.
• The U.S. commits to apply the higher of either the U.S. Most Favored Nation (MFN) tariff rate or a tariff rate of 15%, comprised of the MFN tariff and a reciprocal tariff, on originating goods of the E.U.

Joint statement

As of August 18th at 12:01 AM (EST), 400+ new products are now subject to Section 232 steel and aluminum tariffs, impacting both raw materials and derivatives. 

The extended list now covers goods such as motorcycles, baby gear, auto parts, and chemicals. The changes did not exclude goods already in transit to the U.S.

If you are unsure whether your goods will be affected, please contact your OIA Global representative. 

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