Further to our email from yesterday about reciprocal tariffs, please see updates below:
For detailed information review the Executive Order and the White House Fact Sheet.
Effective at 12:01 a.m. (ET) on April 5, 2025, the United States will impose a 10% ad valorem baseline tariff on imports of all foreign-origin goods. This baseline tariff is in addition to any other applicable duties or tariffs.
If cargo loaded the vessel and sailed prior to 4/5, the 10% will not apply.
Effective at 12:01 a.m. (ET) on April 9, 2025, the United States will impose country-specific tariff rates on imports from certain trading partners, which will apply even if goods are imported under a free trade agreement. These rates already include the 10% baseline tariff, so these countries may be able to reduce their tariff rate (for example, by removing monetary and non-monetary trade barriers, the country-specific tariff rates may be reduced back down to the baseline 10%). All other duties and tariffs will also still apply. If cargo loaded the vessel and sailed prior to 4/9, the country-specific rate will not apply.
Annex I – Country-Specific Reciprocal Tariff Rates
Please note that if a country-specific rate is not listed, then the 10% ad valorem baseline tariff will apply.
Annex II – HTS Codes Not Subject To Reciprocal Tariffs
Effective at 12:01 a.m. (ET) on April 3, 2025, the United States will impose a 25% tariff will take effect with respect to certain foreign-origin automobiles and automobile parts
Federal Register – Adjusting Imports of Automobiles and Automobile Parts Into the United States
Annex I – Automobile Parts HTS List
Effective at 12:01 a.m. (ET) on May 2, 2025, the United States will no longer allow de minimis entries for China-origin goods.
Use Taggart’s tariff tracker to quickly see the summary of currently effective and/or announced tariffs in a chart form.
