New tariffs are impacting global shipments now, and high likely; we will hear more about additional ones.How do you identify which shipments will be impacted by them, when to ship, what to do with the shipments in transit? This update provides crucial information on how to manage the risks thanks to a real-time visibility solution, on all modes, in all geographies.
For shipments currently in transit, the impact depends on customs clearance timing and tariff enforcement dates. Here’s what you should consider:
1. Tariff Enforcement Timing
- If the tariff effective date is Feb 4, 2025, shipments that clear customs before that date should avoid the new tariffs.
- Shipments arriving after the enforcement date will likely incur additional duties, unless there are exemptions, exclusions, or retroactive clauses.
2. Customs Clearance & Port Delays
- Backlogs at border crossings and ports may arise as importers rush to clear shipments before tariffs apply.
- Longer customs processing times could result from new tariff codes and increased scrutiny.
3. In-Transit Re-Routing
- Some shippers might attempt to reroute cargo to avoid tariffed entry points but it comes with significant documentation and compliance burdens.
- Air cargo may see a spike as some businesses expedite shipments to beat tariff deadlines.
4. Cost absorption negotiations with your Strategic partners
- If a shipment was contracted before the tariff announcement, check who (customer/carrier/supplier) will absorb the unexpected cost or if you must adjust your landed cost calculations.
We understand the challenges these tariff changes present. Shippeo is helping our customers navigate this complex landscape with real-time visibility and expert support. Let's work together to keep your supply chain moving smoothly. Get in touch today.