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U.S. Implements 10% Baseline Tariff, Country-Specific Duties

by Mich M.
04/02/2025
in Tariffs & Duties

The United States will introduce a universal 10% baseline tariff on imported goods, effective April 5, alongside increased tariff rates on specific trading partners. The policy, announced by President Donald Trump at the White House, is part of broader trade measures aimed at addressing existing trade imbalances.

Certain countries, including China, Japan, and the European Union, will be subject to additional duties starting April 9. These rates are based on calculations of the trade barriers these countries impose on U.S. goods. China will face a 34% tariff, Japan 24%, the EU 20%, and Vietnam 46%. These tariffs will apply only to the non-U.S. content of finished goods if at least 20% of the product’s value originates in the U.S., according to an executive order enacting the new duties.

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Previously implemented tariffs on imports from Canada and Mexico will remain unchanged. Goods entering the U.S. under the United States-Mexico-Canada Agreement (USMCA) will continue to benefit from existing exemptions.

Certain sectors will also be excluded from the new tariff structure. Items such as steel, aluminum, automobiles, auto parts, copper, pharmaceuticals, and semiconductors will not be subject to the new duties. However, existing tariffs on steel, aluminum, and automotive products will remain in effect.

The tariff policy follows a broader trade review initiated in February, when the administration directed federal agencies to assess non-reciprocal trade agreements and submit recommendations within 180 days. The review aims to address trade practices perceived as imbalanced.

Leading up to April 2, the administration introduced additional trade measures, including a 20% tariff increase on Chinese imports and consideration of 25% secondary tariffs on countries importing Venezuelan oil.

International responses to the U.S. tariff adjustments have included countermeasures from key trading partners. China and Canada have implemented retaliatory tariffs, while the European Union is expected to introduce its own trade measures by mid-April. Mexican President Claudia Sheinbaum also announced that the country is preparing a response to increased U.S. import duties.

Your source for supply chain report news updates: The Supply Chain Report. For international trade insights and tools, head to ADAMftd.com.

#USTariffs #TradePolicy #GlobalTrade #TariffUpdates #ImportDuties #TradeWar #EconomicPolicy #SupplyChainImpact #InternationalTrade #USChinaTrade

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