Breaking Trade News: ACE 2.0, Steel & Aluminum Tariffs, FMC
Here is a recap of the latest customs and international trade news:
Customs and Border Protection (CBP)
- CBP announced the results of their recently completed global interoperability standards technology demonstrations. The results will help the agency in its efforts to modernize ACE 2.0 and make it consistent with CBP’s 21st Century Customs Framework.
- CBP published a Federal Register notice decreasing the IRS rates used to calculate interest on overdue accounts (underpayments) and refunds (overpayments) of customs duties.
- Reminder: Registration for the April 23 CBLE is open and will close March 12 at 4:30 p.m. EDT.
- CBP created Harmonized Systems Updates 2505 and 2506.
Administration
- President Trump signed two Presidential Proclamations imposing 25% Section 232 duties on all imported steel and aluminum.
Bureau of Industry and Security (BIS)
- BIS has paused reviews of new export license applications submitted this month without explanation.
Federal Maritime Commission (FMC)
- A Florida-based non-vessel-operating common carrier (NVOCC) has paid $165,000 in civil penalties and agreed to accept and self-finance independent monitoring of their business practices as part of […]



