Expeditors (EXPD) Status update summary

Key regulatory and trade developments

• CPSC import data filing becomes mandatory by July 2026, requiring importers to integrate product safety data into customs processes and manage ongoing product testing and documentation.

• Medium and heavy-duty truck offset program now open, allowing U.S. manufacturers to earn credits for domestic production, which can be shared with suppliers to reduce import costs.

• Metals tariffs under Section 232 have evolved, with new list changes, USMCA content splits, and end-use rate reductions, requiring detailed product origin and content tracking.

• Supply chain traceability is a growing focus, with customs expecting importers to provide comprehensive documentation and proof of product origins and components.

Legal and tariff landscape

• Judicial challenges to tariff actions are increasing, with recent Supreme Court and Court of International Trade rulings leading to significant duty refunds under IEEPA.

• Section 122 tariffs remain in place but are temporary, with legal challenges ongoing and potential for reimplementation after expiration.

• Section 301 tariffs are expanding, with new investigations and remedies targeting forced labor and excess capacity, and ongoing reviews of China tariffs.

USMCA and executive order updates

• USMCA negotiations may lead to targeted changes, especially in rules of origin, labor, and China content, with full withdrawal considered unlikely.

• New executive order on Strengthening Customs Enforcement introduces permission-based importing, enhanced vetting, and stricter enforcement, especially for foreign importers and traceability.