In a press conference earlier this afternoon, President Trump signed an Executive Order under the authority of IEEPA, establishing reciprocal tariffs on imports.
Effective April 5, 2025, at 12:01 a.m. EST, goods from all countries released or withdrawn from warehouses will be subject to an additional 10% tariff. Goods loaded onto a vessel and in transit on the final mode of transit before 12:01 a.m. EST on April 5th, 2025, and released on or after 12:01 a.m. EST on April 5, 2025, will not be subject to this additional duty.
The Executive Order does not clearly state, however, it is understood that goods from China and Hong Kong will be subject to the additional 10% tariff on top of the existing 20% IEEPA tariff.
Effective April 9, 2025, at 12:01 a.m. EST, countries with which the United States has the largest trade deficits will face a higher, individualized reciprocal tariff. All other countries will remain subject to the original 10% baseline tariff. The country-specific list has not been officially released yet, an update will be provided once it becomes available.
Certain exemptions apply, and some goods will not be subject to the reciprocal tariffs. These include steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; copper, pharmaceuticals, semiconductors, and lumber articles; bullion; all articles that may become subject to future Section 232 tariffs; energy and other certain minerals that are not available in the U.S and; other specified exemptions.
Merchandise subject to these reciprocal tariffs will remain eligible for Section 321 (de minimus) treatment until adequate systems are in place to process and collect the applicable duties and tariffs. Goods of China, and the Hong Kong and Macau Special Administrative Regions will not be eligible for de minimis and will be considered for the same additional rates to reduce the risk of transshipment and duty evasion.
For Canada and Mexico, the existing IEEPA orders remain in effect and are unaffected by this new order. USMCA-compliant goods will continue to be exempt from tariffs, while non-USMCA-compliant goods will continue to face the 25% IEEPA tariff. Non-USMCA-compliant energy and potash will be subject to a 10% tariff. In the case that the current IEEPA orders are terminated, USMCA-compliant goods would continue to receive preferential treatment, while non-USMCA-compliant goods would instead be subject to a 12% reciprocal tariff.
CBP has not yet issued guidance on the programming or implementation of additional tariffs.
Please refer to the links below for the fact sheet and executive order:
We will continue to monitor this and provide updates as they become available.