on May we go away for a while

Tariff on Automobile Parts*: The tariff on automobile parts was scheduled to begin no later than May 3, 2025, at a rate of 25%.

- *Elimination of $800 De Minimis Threshold*: Starting May 2, 2025, the $800 de minimis threshold for duty-free imports from China was eliminated, and a minimum fee of $50 per shipment would be applied.

July 9, 2025*: Country-specific tariffs are set to resume for many countries

- *Potential Impact*: Higher prices for consumers, potential trade war with affected countries, and possible negative impacts on the US economy