Reciprocal Tariffs Start April 5 at 10%

On April 2, 2025, President Trump announced reciprocal tariffs on goods from all countries starting on April 5, 2025 at 10%. Next, on April 9, 2025, higher tariffs at various rates will go into effect on certain countries of origin. Meanwhile, countries without a higher specific rate will continue being assessed at 10%.

Fact Sheet Summary

In a Fact Sheet released by the White House, the tariffs and key points are summarized.

• April 5, 2025: IEEPA tariff of 10% on all countries
• April 9, 2025: Individualized reciprocal higher tariff on countries with which the US has the largest trade deficit
  • All other countries will continue to be subject to the original 10% tariff baseline
• Excluded:
  • articles subject to 50 USC 1702(b)
  • steel and aluminum articls and autos/auto parts already subject to Section 232 tariffs
  • copper, pharmaceuticals, semiconductors, and lumber articles
  • all articles that may become subject to future Section 232 tariffs
  • bullion
  • energy and other certain minerals that are not available in the United States
• Canada & Mexico, existing IEEPA orders remain in effect. USMCA compliant goods will continue to see a 0% tariff, non-USMCA has 25% tariff and non-USMCA compliant energy and potash have 10% tariff. If IEEPA orders are terminated, USMCA compliant goods would continue receiving preferential treatment, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff. 

What’s Next?

The Federal Register notice will be published soon. It will contain additional details in Annex I and II, and confirm the information in the Executive Order.

Additional Exclusions

In-Transit Exclusions

1. Goods loaded onto a vessel at the port of loading and in transit on the final mode of transit before 12:01 a.m. eastern daylight time on April 5, 2025, and entered for consumption or withdrawn from warehouse for consumption after 12:01 a.m. eastern daylight time on April 5, 2025, shall not be subject to such additional duty.  
2. Goods loaded onto a vessel at the port of loading and in transit on the final mode of transit before 12:01 a.m. eastern daylight time on April 9, 2025, and entered for consumption or withdrawn from warehouse for consumption after 12:01 a.m. eastern daylight time on April 9, 2025, shall not be subject to these country-specific ad valorem rates of duty set forth in Annex I to this order.  

Goods Containing a Minimum of 20% U.S. Originating Value

More generally, the ad valorem rates of duty set forth in this order shall apply only to the non-U.S. content of a subject article, provided at least 20 percent of the value of the subject article is U.S. originating.  For the purposes of this subsection, “U.S. content” refers to the value of an article attributable to the components produced entirely, or substantially transformed in, the United States.  U.S. Customs and Border Protection (CBP), to the extent permitted by law, is authorized to require the collection of such information and documentation regarding an imported article, including with the entry filing, as is necessary to enable CBP to ascertain and verify the value of the U.S. content of the article, as well as to ascertain and verify whether an article is substantially finished in the United States.

For additional information, please refer to the Executive Order.

Have Questions? Contact your local NNR Representative.

We will continue to monitor this tariff action and provide updates as they become available.