The following  was taken in part from several media outlets and online sources and is analysis ONLY in regards to Reciprocal Tariffs:

On June 11th, Treasury Secretary Scott Bessent stated that it is “highly likely” that the 90-day, country-specific reciprocal tariff pause, which is currently set to end on July 9th, 2025, will be extended for “18 important trading partners” involved in “good faith” trade negotiations.

President Trump’s proposed 50% tariff on the EU, currently postponed until July 9th, 2025, is also likely to be pushed back further.

Chinese-origin goods with a time of entry on or after May 14th, 2025, will continue to face a 10% reciprocal tariff until August 11, 2025.

Following two (2) days of negotiations between US and Chinese trade representatives in London, President Trump announced on Truth Social today that the “deal with China is done, subject to final approval [from himself and] President Xi.” Details of the agreement include:

• A 55% total tariff rate on Chinese goods imported into the US (comprised of a 10% baseline IEEPA reciprocal tariff, a 20% IEEPA “fentanyl” tariff, and a 25% tariff that includes levies imposed during the president’s first term). If the deal is not approved by then, the reciprocal duty rate on Chinese-origin goods will revert back to 34%—at least until the deal is implemented.
• A 10% total tariff rate on US goods imported into China.
• A streamlined process for importing Chinese rare earth shipments into the US.
• Resumed access to US colleges and universities for Chinese nationals.

Exactly how and when the deal will be implemented—pending President Trump’s and President Xi’s final approval—is currently unclear.

RIM logistics, ltd. will continue to closely monitor this evolving situation and provide updates as necessary. Please reach out to your RIM representative if you have any further questions.