- New Tariff Structure: On April 29, 2025, the White House announced an Executive Order to prevent overlapping tariffs on imported automobiles and parts, reducing import duties on automobile parts from 25% to a tiered 15% for the first year and 10% for the second year, effective for entries made on or after March 4, 2025.
- Non-Stacking of Tariffs: The Executive Order specifies that tariffs on automobiles and parts under Proclamation 10908 will not incur additional tariffs from other Executive Orders or Proclamations, clarifying procedures for determining applicable tariffs and preventing cumulative effects.
- Action Steps for Businesses: Manufacturers are advised to review past entries for potential refunds, assess the impact of the new tariff measures on their import strategies, and consult legal and trade advisors to ensure compliance with updated regulations and to apply for import-adjustment offsets based on the MSRP of assembled vehicles.
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