Dear Valued Client,

The President has posted on Truth Social that a deal has been made with Vietnam. The preliminary details indicate that Vietnam will be subject to 20% tariff on goods sent directly to the US and 40% on goods transshipping. The President’s post indicates that Vietnam will open their markets to the United States.

Currently this has only been posted on social media. It is not an official announcement.

Additional updates will follow once they are available.

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On June 4, the Court of International Trade determined that IEEPA does not give the President authority to impose reciprocal or drug/border tariffs. The administration immediately filed an appeal and requested a stay.

On June 10, the Court of Appeals Federal Circuit (CAFC) issued the stay which means that for the time being, the IEEPA tariffs will remain while the courts litigate on this matter.

Oral arguments are scheduled for July 31 and a final decision from CAFC is not expected until at least August.  

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Items falling under Section 232 have had some updates in June. In a Federal Register Notice dated June 23, the Commerce Department added a variety of home appliances with steel content. These items will now be subject to 50% on the steel content effective June 23.

Additionally, CBP issued instructions in CSMS message 65340246 on reporting of unknown country of smelt and cast for aluminum. Effective June 28, 2025, for imports of derivative aluminum subject to Section 232, if the importer does not know the country of smelt and/or cast, then “unknown” will be reported. Note that when “unknown” is reported, importers will be assessed the 200% Section 232 duties.

To read more details:

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