Updates: The latest news on U.S. tariffs

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Reciprocal tariffs now in effect

Countries with which the United States maintains the largest trade deficits will be subject to individualized, higher reciprocal tariffs as of 12:01 EDT, April 9th.

All other countries will continue to be subject to the baseline 10 percent tariff. This measure will take effect at 12:01 a.m. EDT on April 9, 2025. If goods were already loaded on vessel and in transit on the final mode of transport before 12:01 a.m. EDT on April 9th, they will not be subject to the new duties, even if entered for consumption after that time.

Additional 50% tariff imposed on Chinese goods

As part of this policy, an additional 50% tariff has been imposed on Chinese goods, on top of the previously announced 34% reciprocal tariffs — bringing the total to 84%. This is on top of the initial 20% IEEPA tariffs implemented in early March, the overall minimum tariff on Chinese goods now stands at 104%. 

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10% Baseline Tariff on All Imports
A 10% will apply to goods imported from all countries,  from 12:01 a.m. EDT on April 5, 2025.

If goods were already loaded on vessel and in transit on the final mode of transport before 12:01 a.m. EDT on April 5, they will not be subject to the new duties, even if entered for consumption after that time.

Official Act

President Donald Trump has announced new tariff measures under the International Emergency Economic Powers Act (IEEPA). The summary below outlines what to expect and w

Summary of tariff changes and timeline

Effective April 5, 2025 – 10% Baseline Tariff on All Imports
A uniform 10 percent tariff will apply to goods imported from all countries, beginning at 12:01 a.m. EDT on April 5, 2025.

Effective April 9, 2025 – Higher Tariffs on High-Deficit Countries
Countries with which the United States maintains the largest trade deficits will be subject to individualized, higher reciprocal tariffs. All other countries will continue to be subject to the baseline 10 percent tariff. This measure will take effect at 12:01 a.m. EDT on April 9, 2025.

A detailed list of U.S. reciprocal tariffs by country will be shared shortly.

Goods exempt from reciprocal tariffs

The following product categories are excluded from the reciprocal tariff framework:

• Goods protected under 50 USC 1702(b)
• Steel, aluminum, automobiles, and automotive parts currently subject to Section 232 tariffs.
• Items expected to fall under future Section 232 tariffs including copper, pharmaceuticals, semiconductors, and lumber
• Bullion
• Energy and specific mineral imports that are unavailable in the United States 

Canada and Mexico: Existing IEEPA orders remain in effect

The current fentanyl and migration-related IEEPA orders affecting Canada and Mexico remain unchanged. As a result:

• USMCA-compliant goods will continue to receive duty-free treatment.
• Non-USMCA-compliant goods will be subject to a 25 percent tariff.
• Non-USMCA-compliant energy and potash will be subject to a 10 percent tariff. 

If these IEEPA orders are lifted in the future, non-USMCA-compliant goods would instead fall under a 12 percent reciprocal tariff. USMCA-compliant goods would continue to benefit from preferential access.

End of De Minimis exemption for PRC and Hong Kong – Effective May 2, 2025

The President has announced the termination of duty-free de minimis treatment for goods from the People’s Republic of China and Hong Kong, effective May 2, 2025 at 12:01 a.m. EDT. Key provisions include:

• Non-postal imports valued at $800 or less will no longer qualify for duty-free status and will be subject to all applicable duties. 
• Postal imports valued at $800 or less will be assessed a flat duty of either 30 percent of declared value or $25 per item, whichever is greater. This flat rate will increase to $50 per item starting June 1, 2025. These rates will replace any duties imposed under previous orders. 

End of De Minimis exemption for all countries – effective TBD

In addition to the confirmed changes above, the executive order includes a provision to eliminate de minimis treatment for all countries once U.S. customs systems are ready to enforce the change. 

While no exact date has been announced, this move represents a significant shift in U.S. trade processing and would end duty-free treatment for small-parcel imports globally. Businesses relying on low-value, cross-border shipments should prepare now for the eventual full withdrawal of this exemption.

 News and announcements

25% tariffs on cars and car parts

In a recent proclamation, President Donald Trump has announced plans to impose a 25% tariff on all cars and car parts — including American brands with vehicles assembled overseas.

News and announcements

25% tariffs on countries who purchase oil from Venezuela

The White House has announced that countries who purchase oil from Venezuela either directly or from a third party will face tariffs on their exports into the United States. The tariffs are set to begin on or after April 2.

News and announcements

200% tariff on alcohol from the EU

U.S. President Donald Trump has announced plans to impose additional tariffs in response to retaliation by the EU and Canada. He has also suggested a 200% tariff on all alcohol imported from the EU.

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25% tariffs on steel and aluminium

All steel and aluminium imports to the U.S. will be subjected to a 25% tariff. According to the White House, the tariffs are designed to protect U.S. manufacturing.

News and announcements

Update! Tariffs on steel and aluminium – 4:50pm 

White House officials have confirmed that President Trump has reversed his plans to double steel and aluminium tariffs on Canada. A 25% tariff is expected to go into effect at midnight for Ottawa and the rest of the world.

Tariffs on steel and aluminium – 10:30am 

In response to the Canadian government introducing a 25% tariff on electricity exports to the U.S., President Donald Trump announced on social media that he will increase U.S. tariffs on all steel and aluminum imports from Canada to 50%, effective tomorrow morning.

On his social media, he has also mentioned that tariffs on cars will be coming on April 2nd ‘if other egregious, long time Tariffs are not likewise dropped by Canada’.

Tariffs on most Mexican and Canadian goods are suspended until April 2nd

Official act: 

President Trump signed orders delaying tariffs on USMCA-covered goods from Mexico and Canada until April 2. President Trump stated the delay was out of “respect” for Mexican President Claudia Sheinbaum and following negotiations with Canadian officials.

Exemption on auto tariffs on Mexico and Canada for one month

Official act: 

President Donald Trump has delayed tariffs on cars from Mexico and Canada by one month.

“At the request of the companies associated with USMCA, the president is giving them an exemption for one month so they’re not at an economic disadvantage” White House Press Secretary, Karoline Leavitt announced.

The exemption covers all cars eligible for USMCA duty-free entry. However, it is still uncertain whether auto parts that comply with USMCA rules of origin will receive the same treatment.

25% tariffs on Canada and Mexico and 20% tariffs against China

Official act: 

A 25% tariff has been imposed on all imports from Canada and Mexico, effective immediately. Additionally, Canadian energy imports are subject to a 10% tariff.

Tariffs on China products from February 4th have increased from 10% to 20%. This is on top of any existing 301, 232, standard duty, etc.

News and announcements: 

If you have any questions regarding U.S. tariffs, please reach out to our experts who are on hand to help.25% tariffs on the EU will be announced soon

News and announcements: 

At a cabinet meeting on Wednesday, President Donald Trump announced plans to implement a 25% tariff on EU imports into the U.S.

He stated that further details would be released soon, as no confirmed date has been set.

The European Union is a 27-country bloc and is the US’s third largest trading partner alongside China.

U.S. tariffs on Canada and Mexico are likely to go ahead in March

News and announcements: 

It is reported that President Donald Trump has announced that U.S. tariffs on imports from Canada and Mexico are likely to proceed.

As previously mentioned in this update, President Trump signed executive orders on February 1st to impose 25% tariffs on imports from Canada and Mexico, along with 10% duties on Canadian energy.

However, ongoing negotiations have delayed the implementation of these tariffs until March 4th.

Reciprocal trade and tariffs

News and announcements:

President Donald Trump has signed a Presidential Memorandum ordering an assessment and plan for new tariffs under the “Fair and Reciprocal Plan.” The plan will evaluate levies, regulations, and subsidies deemed unfair by the White House administration on a country-by-country basis.

Reciprocal tariffs could take effect as early as April 2nd and will vary based on the country of origin.

25% tariffs on all steel and aluminum imports to the U.S.

Official act: 

President Donald Trump has signed proclamations imposing 25% tariffs on all steel and aluminum imports to the U.S. He has also removed the exceptions and exemptions from his 2018 steel tariffs. 

Additionally, the new tariff on aluminum is significantly higher than the 10% duty he imposed during his first term.

De Minimus suspension delayed for Chinese made goods

Official act: The 10% tariff on imports from China has already taken effect since February 4th. This originally included shipments valued under $800 USD, which were previously exempt under the de minimis rule. 

The closing of Section 321 (de minimis) for Chinese made goods has since been suspended but is still expected to return imminently.

10% tariffs on all Chinese imports, tariffs on Canada and Mexico have been postponed

Official acts: 

All products with a Country of Origin (COO) from Canada and Mexico were initially subject to a 25% tariff, while energy products from Canada faced a 10% tariff. These tariffs have now been suspended for one month.

However, a 10% tariff has been implemented on Country of Origin (COO) China imports into the U.S..This affects all product types. There are no exclusions for this rule aside from international aid, informational materials and prior to February 1st departures. No drawback is available for the additional duties imposed under the Executive Order, as outlined in the Federal Register Notice.

Exclusions

Goods that are made in China (per rules of origin) that load on a vessel or are in transit on the final mode of transport prior to entry, before the 1st February 2025; and, are entered for consumption, or withdrawn from warehouse for consumption after 12:01 am eastern standard time February 4th but before 12:01am eastern standard time March 7th 2025. 

De Minimus Exemption (Section 321)

Previously, Chinese-origin de minimis goods avoided additional tariffs and entered duty-free, including those goods under Section 301 etc.

The new Executive Order clarifies that Chinese-origin goods no longer qualify for the de minimis exemption. 

Therefore, all goods from China and Hong Kong that used to qualify for de minimis are now subject to a 10% additional tariff. 

If a manifest or Entry Type 86 (ET86) is filed before 12:01 AM EST on February 4, 2025, but the shipment arrives after, it will not qualify for de minimis clearance. Even if the manifest or Entry Type 86 was submitted and approved before the deadline, it will become invalid if the shipment arrives after 12:01 AM EST on February 4, 2025.

President Trump’s tariffs on Canada, Mexico and China

News and announcements: 

All products from Canada and Mexico will be subject to a 25% tariff, except for energy products from Canada, which will face a 10% tariff.

• The tariffs for both countries were originally set to take effect on Tuesday, February 4th. However, President Donald Trump has delayed the tariffs on Mexico and Canada for one month.  
• USMCA agreement is currently expected to still be in effect, and 25% is on top of any duty that currently would be levied on those products.

All products from China will be subject to an additional 10% tariff starting 12:01 AM February 4th. This is also expected to include products that are already under Section 301, 232, etc.

Previously, low value shipments (under $800USD) from China, Canada and Mexico could enter the U.S. duty free under the de minimis threshold. This rule is now suspended for these countries, meaning all shipments—regardless of value—will now be subject to tariffs, customs duties and formal entry process. 

Cargo loaded for transportation before February 1st will not be subject to these tariffs.*

*Section 2(a) of the Executive Order by President Trump details that an importer must certify with the U.S. Customs Border Protection (CBP) as specified in the Federal Register notice. 

The Federal Register notice is not yet available for public viewing. The precise details of the above are not fully clarified yet by the U.S. Government. Federal Register notice is expected to be available today, Monday February 3rd.

America First Trade Policy

News and announcements: 

On January 20th 2025, President Donald Trump announced his presidential actions to address matters relating to U.S. trade policy. In the ‘America First Trade Policy’ a comprehensive review of U.S. trade and economic policies with recommendations is due by April 1st 2025. 

This includes:

• A review of trade with China and consider potential additional tariff modifications as needed under section 2411 of title 19, United States Code.
• A public consultation process set out in section 4611(b) of title 19, United States Code, with respect to the United States-Mexico-Canada Agreement (USMCA).
• An assessment of the effectiveness of exclusions, exemptions and other import adjustment measures on steel and aluminium under section 1863 of title 19, United States code.