Customs and Border Protection (CBP) has made the public aware that additional duties will be assessed against most goods from Peoples Republic of China, Hong Kong, Canada and Mexico (click on the country to see the notice), effective March 4, 2025 at 12:01 am. These duties are the result of various Executive Orders (including 14193, 14194, 14197, 14198), which range from 10% to 25% and are in addition to whatever the importer is already paying. The actual additional duty will depend on specific details of the importation, such as country of origin and commodity.
Assuming these additional duties remain in place, their influence on an importer’s bond amount is potentially significant. Please either give us a call or send us an email with any questions or concerns you may have with regards to how this situation may impact your client’s bond.
With access to nearly 30 unique surety markets and 80 years of expertise in U.S. Customs bonds, C.A. Shea is uniquely positioned to handle any U.S. Customs bond needed – whether it is the minimum bond requirement or bonds that exceed $1 billion, utilizing single or multiple markets as needed.