As you may have watched yesterday, President Trump announced the country-by-country reciprocal tariffs he’s been signaling. His administration studied the tariffs and taxes countries place on US products, and has levied reciprocal tariffs on those countries’ products when they enter the USA.
Below are the new tariffs, to be added to existing duties and tariffs:
- 10% tariff on all countries, to take effect as of 12:01am ET on Saturday, April 5th, 2025
Individual, country-specific tariffs as outlined below, to take effect as of 12:01am ET on Wednesday, April 9th, 2025:
The President reserves the right to adjust these tariff levels as necessary. They will remain in effect until such time that President Trump determines otherwise.
A limited number of goods will not be subject to the tariffs. They are:
- Articles subject to 50 USC 1702(b)
- Steel and aluminum articles and vehicles, vehicle parts already subject to Section 232 tariffs, and all articles that may become subject to future Section 232 tariffs
- Lumber, copper, semiconductors, pharmaceuticals
- Bullion
- Energy products not available in the USA
- Mineral products not available in the USA
- Non-USMCA compliant energy and potash are subject to a 10% tariff
- Other non-USMCA compliant goods are still subject to the 25% tariff communicated previously
- USMCA-compliant goods will have a 0% tariff
There’s is a White House fact sheet here.
President Trump has also signed an Executive Order eliminating duty-free de minimis treatment for low-value imports from China effective Friday, May 2nd, 2025. A White House fact sheet on this topic is here.
- “Imported goods sent through means other than the international postal network that are valued at or under $800 and that would otherwise qualify for the de minimis exemption will be subject to all applicable duties, which shall be paid in accordance with applicable entry and payment procedures.”
- “All relevant postal items containing goods that are sent through the international postal network that are valued at or under $800 and that would otherwise qualify for the de minimis exemption are subject to a duty rate of either 30% of their value or $25 per item (increasing to $50 per item after June 1st, 2025). This is in lieu of any other duties, including those imposed by prior Orders.”
We also want to remind you of other recently announced tariffs to give you a fuller picture:
- Venezuelan Oil Purchasers – 25% Tariff on Goods From Those Countries
- This could significantly increase tariffs on products from China since China is the largest importer of Venezuelan crude oil
- Venezuela also exports oil to Cuba, the Dominican Republic, India, Malaysia, Russia, Singapore, Spain, and Vietnam – products from these countries could also be affected
- 25% Tariff on Automotive Industry
- President Trump will implement a 25% tariff on all foreign-built passenger vehicles and light trucks as of April 2nd
- Engines, transmissions, powertrain parts, and electrical components are also subject to the tariff
- The administration has said importers of vehicles and parts under the United States-Mexico-Canada Agreement (USMCA) will be given the opportunity to certify US content and systems so that the 25% tariff will only apply to the value of their non-U.S. content. USMCA-compliant auto parts will remain tariff-free for now
The situation is extremely complex and more updates could come at any time. We are working through the data, and our team is consulting with our expert partners in the market to understand how different products from different countries might be affected and will share more information soon. In the meantime, if you have a specific situation you are concerned about, please send the details to: tariff.support@albawheelsup.com and we will investigate for you.
