US Tariffs and The World — Tariff Rates by Country (Updated July 2025)
Page updated on July 9th, 2025.
Overview of the United States reciprocal tariffs imposed on 180+ countries, as announced by President Donald Trump on April 2nd, 2025 (“Liberation Day”).
What is a Tariff?
A tariff is a tax that a government places on goods imported from other countries. It’s usually charged as a percentage of the product’s value, and are often used to protect local industries by making imported goods more expensive, which encourages consumers to buy products made within their own country. Donald Trump wants to “re-shore manufacturing, and drive economic growth for the American people“. Tariffs can be good for domestic manufacturers and workers, because they reduce competition from cheaper foreign products, thus helping to protect jobs and support local businesses.
However, higher tariffs can also have negative effects. They often lead to higher prices for consumers, since companies pass the extra cost on to buyers. They can also hurt businesses that rely on imported materials or sell goods overseas, especially if other countries respond by imposing their own tariffs, triggering a trade war. Over time, this can slow economic growth and increase tension between trading partners.
Latest Tariff Updates
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July 8, 2025
Trump unveils 50% copper tariff and signals massive pharma levy
President Trump announced a sharp 50% tariff on imported copper, set to take effect by August 1, citing the metal’s importance to electric vehicles, the power grid, and national defense. He also warned of a potential 200% tariff on pharmaceuticals.
Source: Trump says 50% tariff on copper imports is coming and threatens 200% on pharmaceuticals | CNN -
July 7, 2025
U.S. sends tariff warnings to over a dozen countries, August 1 deadline
The White House dispatched formal tariff notices to over a dozen countries, including Bangladesh, Cambodia, Tunisia, Bosnia and others, setting new reciprocal tariffs. These will take effect on August 1 unless trade concessions are reached. The measures are part of Trump’s “Liberation Day” framework and target countries he claims exploit U.S. markets without reciprocity.
Source: Trump’s Trade Deals, Negotiations, and New Tariffs for Each Country | TIME -
July 1, 2025
U.S. and Canada resume trade talks after digital tax scrapped
Canada dropped its planned digital services tax just hours before it was set to take effect, prompting President Trump to resume trade talks with Prime Minister Carney. The 3% tax, retroactive to 2022, would have hit major U.S. tech firms like Amazon and Google. Talks now aim for a deal by July 21. U.S. officials warned tariffs could still rise if no agreement is reached.
Source: US, Canada to resume trade talks after Ottawa drops digital tax | Reuters - June 27, 2025
Trump terminates trade talks with Canada
President Donald Trump announced via Truth Social that he was terminating all trade discussions with Canada effective immediately in response to Canada’s planned digital services tax on U.S. tech firms earning over $15 million from Canadian users, calling it a “direct and blatant attack” and warning of new U.S. tariffs within seven days. The levy, retroactive to 2022 with first payments due June 30, could cost U.S. companies up to $3 billion.
Source: Trump terminates trade talks with Canada | NBC News -
June 26, 2025
White House says Trump trade‐tariff deadlines ‘not critical,’ may extend pauses
The White House indicated President Trump could extend his self-imposed tariff‐pause deadlines, with a threatened 50% EU tariff now postponed until July 9 and a 90-day pause on “reciprocal” tariffs, temporarily set at a 10% flat rate, due to expire July 8. To date, only two trade agreements (with China and the U.K., both as frameworks) have been struck toward an aim of 90 deals in 90 days, and officials signaled deadlines may shift for partners negotiating “in good faith,” sending U.S. stocks to session highs following the announcement.
Source: Trump trade deadline of July 9 ‘not critical’: White House | CNBC -
June 16, 2025
Trump signs order to enact US-UK trade deal
Trump signed an executive order to implement the US–UK trade deal, cutting car tariffs from 27.5 % to 10 % for 100,000 UK vehicles and exempting aerospace parts from new levies. UK steel exports are promised relief from the 50 % global tariff, though quota details are still pending. In exchange, the UK opened its market to U.S. beef, ethanol, and industrial goods.
Source: Trump signs executive order to implement US-UK trade deal | Financial Times -
June 10, 2025
U.S. & Mexico close to steel quota deal
The U.S. and Mexico are finalizing a quota-based agreement allowing a set volume of Mexican steel to enter duty-free or at reduced rates, with shipments above that threshold still subject to the full 50 % tariff. Talks aim to protect U.S. supply chains while preserving Trump’s tariff structure.
Source: US, Mexico close to deal that would cut steel tariffs | Reuters -
June 10, 2025
Global allies urge U.S. not to extend tariffs to aircraft
Canada, the EU, Japan, and Mexico joined aerospace companies in urging the U.S. not to impose national-security tariffs on aircraft and parts. They argue such measures would disrupt joint manufacturing and aviation safety protocols, especially in civil aerospace exports.
Source: US allies urge reconsideration of tariffs on aircraft imports | Bloomberg -
June 9, 2025
EU warns of “scrap crisis” over U.S. tariff loophole
A surge in U.S. aluminum scrap imports, exempt from Trump’s tariffs, is drawing European concern, with Brussels weighing new export restrictions to prevent domestic shortages. Analysts warn of a developing “scrap war” that could fracture the global metals supply chain.
Source: EU faces scrap shortages as U.S. imports surge | Reuters -
June 5, 2025
Aluminum premiums surge past $1,300 per ton
U.S. aluminum buyers are paying record Midwest premiums, now over $1,325/ton, due to the new 50 % tariff. This sharp rise is squeezing packaging, automotive, and construction sectors, though domestic producers have seen windfall profits.
Source: US aluminum premium hits record high after tariff hike | Reuters -
May 30, 2025
Trump announces doubling of steel & aluminium tariffs to 50%
Former President Trump says that, beginning June 4, U.S. tariffs on steel and aluminium will rise from 25 % to 50 % to shore up the domestic industry and curb Chinese imports; he also claims a $14 billion investment from Nippon Steel into U.S. Steel, though no deal is yet finalized.
Source: US to double tariffs on steel and aluminium imports to 50%, Trump says -
May 29, 2025
Appeals court stays block on Trump’s emergency tariffs
A federal appeals court has temporarily stayed the trade court’s block on Trump’s emergency IEEPA tariffs, reinstating his 30 % China, 25 % Mexico/Canada, and 10 % universal levies while the appeal proceeds. The administration warned it may seek emergency Supreme Court relief, and senior aides blasted the judges.
Source: Trump tariffs reinstated by appeals court for now -
May 28, 2025
Trade court permanently blocks Trump’s IEEPA tariffs
A federal court permanently blocked Trump’s emergency IEEPA tariffs; 30 % on China, 25 % on Mexico/Canada, and 10 % universal levies, while leaving Section 232 auto, steel, and aluminum duties intact. The administration appealed to the federal circuit.
Source: US court blocks Trump from imposing the bulk of his tariffs | CNN Business -
May 23, 2025
Trump threatens 50 % tariff on EU imports
President Trump threatened a 50 % tariff on all imports from the European Union, to take effect June 1, complaining that talks “are going nowhere” and insisting any U.S.-built products be exempt. He also warned Apple that domestically sold iPhones must be U.S.-made or face at least a 25 % levy.
Source: Trump suggests 50% tariff on EU goods starting in June | Euronews -
May 19, 2025
Trump to reinstate higher tariffs on non-negotiating partners
President Trump will reinstate the higher tariffs he threatened last month on any trading partners that don’t negotiate in “good faith,” sending letters to non-compliant countries and likely restoring the April 2 rates. Treasury Secretary Scott Bessent said timing depends on good-faith talks, and Walmart will absorb some of the cost.
Source: Trump to carry out tariff threats if nations don’t negotiate in ‘good faith,’ Bessent says -
May 12, 2025
U.S. & China agree to drastically roll back tariffs
The U.S. and China agreed to a 90-day rollback of tariffs after talks in Geneva: U.S. cuts Chinese levies from 145 % to 30 %, and China lowers its duties on U.S. goods from 125 % to 10 %, effective by May 14. Fentanyl-related U.S. tariffs remain. Both sides commit to further high-level negotiations.
Source: US and China agree to drastically roll back tariffs in major trade breakthrough | CNN Business -
May 5, 2025
100 % tariff on foreign films proposed
President Trump announced he will impose a 100 % tariff on films produced outside the U.S., accusing foreign incentives of threatening Hollywood’s future and national security. He directed Commerce and USTR to begin drafting the levy, though scope remains unclear.
Source: Trump tariffs: US president says foreign movies to be hit with 100% levies -
May 2, 2025
End of de minimis exemption for China shipments
The U.S. ended its de minimis exemption for low-value shipments from China and Hong Kong. Low-value parcels now face either a 120 % tariff on declared value or a flat $100 per package (rising to $200 on June 1), and carriers must collect up to 145 % on higher-value consignments.
Source: What is De Minimis and why did Trump end it as part of China tariffs? -
April 29, 2025
China waives tariffs on U.S. ethane imports
Beijing waived the 125 % tariff on U.S. ethane imports, zero-rating that feedstock under its retaliatory schedule.
Source: Exclusive: China waives tariffs on US ethane imports, sources say -
April 25, 2025
China considers exempting some U.S. goods
Chinese authorities circulated a “whitelist” of 131 U.S. product categories under consideration for exemption from the 125 % levy.
Source: China exempts some goods from US tariffs -
April 13, 2025
Tariffs on Chinese electronics exempted
President Trump increased Chinese tariffs to 145 %, while exempting key electronics like smartphones and computers.
Source: Trump exempts smartphones and computers from new tariffs -
April 11, 2025
China raises duties on U.S. goods to 125 %
China hiked its retaliatory tariff on U.S. goods from 84 % to 125 %, vowing not to match any future U.S. increases.
Source: China raises duties on US goods to 125%, calls Trump tariff hikes a ‘joke’ -
April 9, 2025
90-day pause on most reciprocal tariffs
President Trump announced a 90-day pause on reciprocal tariffs, with a 10 % rate for most partners, while immediately raising China’s rate from 104 % to 125 %. This follows negotiations with Treasury and Commerce officials and new Chinese retaliatory levies.
Source: Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China | CNN Business -
April 2, 2025
Trump unveils reciprocal tariffs on 180+ countries
President Trump unveiled “reciprocal” tariff rates for over 180 countries and territories, posting charts that tally each nation’s combined levies and trade barriers on U.S. goods. The U.S. will charge roughly half of those rates, setting a 10 % baseline but often much higher, and these new duties stack on top of existing tariffs.
Source: See Trump’s list: More than 180 countries and territories facing reciprocal tariffs
US Tariffs List
The US tariffs list shows the tariff rates by country, including both the tariffs charged to the United States and the reciprocal tariffs imposed by the US, as presented by President Trump on April 2nd, 2025. You can find the original tariff exemptions below.
| Country | Tariffs Charged to the U.S.A. | U.S.A. Discounted Reciprocal Tariffs |
|---|---|---|
| Afghanistan | 49% | 10% |
| Albania | 10% | 10% |
| Algeria | 59% | 30% |
| Andorra | 10% | 10% |
| Angola | 63% | 32% |
| Anguilla | 10% | 10% |
| Antigua and Barbuda | 10% | 10% |
| Argentina | 10% | 10% |
| Armenia | 10% | 10% |
| Aruba | 10% | 10% |
| Australia | 10% | 10% |
| Azerbaijan | 10% | 10% |
| Bahamas | 10% | 10% |
| Bahrain | 10% | 10% |
| Bangladesh | 74% | 37% |
| Barbados | 10% | 10% |
| Belize | 10% | 10% |
| Benin | 10% | 10% |
| Bermuda | 10% | 10% |
| Bhutan | 10% | 10% |
| Bolivia | 20% | 10% |
| Bosnia and Herzegovina | 70% | 35% |
| Botswana | 74% | 37% |
| Brazil | 10% | 10% |
| British Indian Ocean Territory | 10% | 10% |
| British Virgin Islands | 10% | 10% |
| Brunei | 47% | 24% |
| Burundi | 10% | 10% |
| Cabo Verde | 10% | 10% |
| Cambodia | 97% | 49% |
| Cameroon | 22% | 11% |
| Cayman Islands | 10% | 10% |
| Central African Republic | 10% | 10% |
| Chad | 26% | 13% |
| Chile | 10% | 10% |
| China | 67% | 34% |
| Christmas Island | 10% | 10% |
| Cocos (Keeling) Islands | 10% | 10% |
| Colombia | 10% | 10% |
| Comoros | 10% | 10% |
| Cook Islands | 10% | 10% |
| Costa Rica | 17% | 10% |
| Curaçao | 10% | 10% |
| Côte d’Ivoire | 41% | 21% |
| Democratic Republic of the Congo | 22% | 11% |
| Djibouti | 10% | 10% |
| Dominica | 10% | 10% |
| Dominican Republic | 10% | 10% |
| Ecuador | 12% | 10% |
| Egypt | 10% | 10% |
| El Salvador | 10% | 10% |
| Equatorial Guinea | 25% | 13% |
| Eritrea | 10% | 10% |
| Eswatini (Swaziland) | 10% | 10% |
| Ethiopia | 10% | 10% |
| European Union | 39% | 20% |
| Falkland Islands | 82% | 41% |
| Fiji | 63% | 32% |
| French Guiana | 10% | 10% |
| French Polynesia | 10% | 10% |
| Gabon | 10% | 10% |
| Gambia | 10% | 10% |
| Georgia | 10% | 10% |
| Ghana | 17% | 10% |
| Gibraltar | 10% | 10% |
| Grenada | 10% | 10% |
| Guadeloupe | 10% | 10% |
| Guatemala | 10% | 10% |
| Guinea | 10% | 10% |
| Guinea-Bissau | 10% | 10% |
| Guyana | 76% | 38% |
| Haiti | 10% | 10% |
| Heard and McDonald Islands | 10% | 10% |
| Honduras | 10% | 10% |
| Iceland | 10% | 10% |
| India | 52% | 26% |
| Indonesia | 64% | 32% |
| Iran | 10% | 10% |
| Iraq | 78% | 39% |
| Israel | 33% | 17% |
| Jamaica | 10% | 10% |
| Japan | 46% | 24% |
| Jordan | 40% | 20% |
| Kazakhstan | 54% | 27% |
| Kenya | 10% | 10% |
| Kiribati | 10% | 10% |
| Kosovo | 10% | 10% |
| Kuwait | 10% | 10% |
| Kyrgyzstan | 10% | 10% |
| Laos | 95% | 48% |
| Lebanon | 10% | 10% |
| Lesotho | 99% | 50% |
| Liberia | 10% | 10% |
| Libya | 61% | 31% |
| Liechtenstein | 73% | 37% |
| Madagascar | 93% | 47% |
| Malawi | 34% | 17% |
| Malaysia | 47% | 24% |
| Maldives | 10% | 10% |
| Mali | 10% | 10% |
| Marshall Islands | 10% | 10% |
| Martinique | 10% | 10% |
| Mauritania | 10% | 10% |
| Mauritius | 80% | 40% |
| Mayotte | 10% | 10% |
| Micronesia | 10% | 10% |
| Moldova | 61% | 31% |
| Monaco | 10% | 10% |
| Mongolia | 10% | 10% |
| Montenegro | 10% | 10% |
| Montserrat | 10% | 10% |
| Morocco | 10% | 10% |
| Mozambique | 31% | 16% |
| Myanmar (Burma) | 88% | 44% |
| Namibia | 42% | 21% |
| Nauru | 59% | 30% |
| Nepal | 10% | 10% |
| New Zealand | 20% | 10% |
| Nicaragua | 36% | 18% |
| Niger | 10% | 10% |
| Nigeria | 27% | 14% |
| Norfolk Island | 58% | 29% |
| North Macedonia | 65% | 33% |
| Norway | 30% | 15% |
| Oman | 10% | 10% |
| Pakistan | 58% | 29% |
| Panama | 10% | 10% |
| Papua New Guinea | 15% | 10% |
| Paraguay | 10% | 10% |
| Peru | 10% | 10% |
| Philippines | 34% | 17% |
| Qatar | 10% | 10% |
| Republic of the Congo | 10% | 10% |
| Reunion | 73% | 37% |
| Rwanda | 10% | 10% |
| Saint Helena | 15% | 10% |
| Saint Kitts and Nevis | 10% | 10% |
| Saint Lucia | 10% | 10% |
| Saint Pierre and Miquelon | 99% | 50% |
| Saint Vincent and the Grenadines | 10% | 10% |
| Samoa | 10% | 10% |
| San Marino | 10% | 10% |
| Saudi Arabia | 10% | 10% |
| Senegal | 10% | 10% |
| Serbia | 74% | 37% |
| Sierra Leone | 10% | 10% |
| Singapore | 10% | 10% |
| Sint Maarten | 10% | 10% |
| Solomon Islands | 10% | 10% |
| South Africa | 60% | 30% |
| South Korea | 50% | 25% |
| South Sudan | 10% | 10% |
| Sri Lanka | 88% | 44% |
| Sudan | 10% | 10% |
| Suriname | 10% | 10% |
| Svalbard and Jan Mayen | 10% | 10% |
| Switzerland | 61% | 31% |
| Syria | 81% | 41% |
| São Tomé and Príncipe | 10% | 10% |
| Taiwan | 64% | 32% |
| Tajikistan | 10% | 10% |
| Tanzania | 10% | 10% |
| Thailand | 72% | 36% |
| Timor-Leste | 10% | 10% |
| Togo | 10% | 10% |
| Tokelau | 10% | 10% |
| Tonga | 10% | 10% |
| Trinidad and Tobago | 12% | 10% |
| Tunisia | 55% | 28% |
| Turkey | 10% | 10% |
| Turkmenistan | 10% | 10% |
| Turks and Caicos Islands | 10% | 10% |
| Tuvalu | 10% | 10% |
| Uganda | 20% | 10% |
| Ukraine | 10% | 10% |
| United Arab Emirates | 10% | 10% |
| United Kingdom | 10% | 10% |
| Uruguay | 10% | 10% |
| Uzbekistan | 10% | 10% |
| Vanuatu | 44% | 22% |
| Venezuela | 29% | 15% |
| Vietnam | 90% | 46% |
| Yemen | 10% | 10% |
| Zambia | 33% | 17% |
| Zimbabwe | 35% | 18% |
Chart shows how many countries fall into each bucket of U.S. Discounted Reciprocal Tariffs as announced April 2025.
FAQ — What to know about the new 2025 Trump Tariffs
| Question | Answer |
|---|---|
| What are the 2025 U.S. tariffs and when did they take effect? | In early 2025, the United States introduced a sweeping set of import tariffs under a new “reciprocal” trade policy. A universal 10% tariff on nearly all imported goods took effect on April 5, 2025. Shortly after, on April 9, higher country-specific tariffs were applied to dozens of nations deemed to have unfair trade practices – for example, imports from China now face a 34% duty, Japan 24%, India 26%, and the EU 20%. Source: POLITICO: Trump imposes 10 percent universal tariff, higher for top trade partners |
| How do these tariffs compare to previous U.S. trade policies? | The 2025 tariffs represent the highest U.S. tariff levels in over a century, with an average duty rate of approximately 22%—a dramatic increase from the 2.5% average seen in 2024. This marks a significant shift from recent U.S. trade policies, which have typically relied on low tariffs and targeted trade agreements. Instead, the 2025 tariff structure reverses decades of trade liberalization and places the U.S. in a more protectionist stance reminiscent of the Smoot–Hawley era. Source: AP News: What to know about the Trump tariffs upending global trade and markets |
| Which countries face the highest tariffs under this new regime? | A few countries are hit with exceptionally high rates under the 2025 tariff schedule. Smaller trade partners in Asia and Africa saw the steepest hikes – for instance, Cambodia faces a 49% U.S. tariff and Vietnam 46%. China, a primary target, is also among the highest: a new 34% tariff on Chinese goods (on top of previous tariffs, pushing the effective rate above 50%). Other notable examples include Sri Lanka (~44%), Laos (~48%), and Bangladesh (~37%), far above the 10% baseline applied to many other countries. Source: See table above for list of countries affected |
| What types of goods are exempt from the tariffs? | The tariff plan carved out exemptions for certain essential products. Goods deemed strategic or vital – including pharmaceuticals, semiconductors, and energy commodities like oil, natural gas, coal, and LNG – are not subject to the new import tariffs. Some raw materials (for example, copper) are also excluded. Additionally, items with significant U.S.-made content are only taxed on their non-U.S. components, and low-value consumer shipments under $800 (the de minimis threshold) continue to enter duty-free as before. Source: See section below for more details |
| How might these tariffs impact consumer prices in the U.S.? | Tariffs function as a tax on imports, and experts expect these duties to push consumer prices higher. When import costs rise by 10–25% (or more), U.S. companies often pass along at least part of that increase to shoppers. Everyday items—from electronics and appliances to clothing and food—could become more expensive due to the added import costs. Industries with complex global supply chains (like automobiles) may see production expenses climb as parts get taxed each time they cross borders, likely leading to pricier final products for consumers. In short, the new tariffs are anticipated to put upward pressure on inflation and make many imported goods costlier for U.S. households. Source: MarketWatch: Trump tariffs to hit working class the hardest, costing an average family $3,800 a year |
| Will other countries retaliate with their own tariffs? | Most likely, yes. Many U.S. trading partners have already signaled retaliatory measures in response to the 2025 tariffs. For example, Canada and Mexico announced they would maintain their own 25% tariffs on certain U.S. goods. The European Union quickly threatened counter-tariffs aimed at American products (potentially targeting agriculture and tech sectors), and China vowed to respond with new tariffs on U.S. exports. In general, the international reaction suggests that other countries will answer in kind, raising the risk of an escalating trade war. Source: Politico: World begins to respond to Trump tariffs, risking escalation |
| Why is the U.S. imposing these tariffs? | The official rationale is to protect U.S. industries and push other countries to remove what Washington sees as unfair trade barriers. President Trump argued that many nations have long charged high tariffs or used other barriers against American products, contributing to a large U.S. trade deficit. By imposing “reciprocal” tariffs, the U.S. aims to level the playing field – essentially matching other countries’ tariffs – and to encourage companies to manufacture more in the United States. In essence, the policy is presented as a way to rebalance trade in America’s favor and revitalize domestic manufacturing, even if it means short-term pain for some consumers. Source: White House: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security |
| How can businesses and consumers adapt to the new tariffs? | Businesses are adopting various strategies to mitigate the impact of the new U.S. tariffs. Swiss engineering firm ABB, for instance, plans to pass increased costs from the tariffs onto customers and is enhancing local production, with 75-80% of its U.S. market manufacturing already domestic. Similarly, Japanese beverage company Suntory is shifting towards local production and sales to circumvent tariffs, stockpiling products like tequila in anticipation of U.S. tariff hikes, and considering redirecting exports to other markets. These approaches highlight a broader trend of companies localizing operations and adjusting supply chains to navigate the evolving trade landscape. Source: Reuters: ABB expects to pass on cost increases from new tariffs Reuters: Global drinks maker Suntory aims to sell local to avoid tariffs, president says |
| Why aren’t countries like Russia, North Korea, or others shown in the country table? | Some countries are missing from the tariff list because the U.S. already has minimal or no normal trade with them, largely due to sanctions. For example, Russia is absent from the 2025 tariff schedule – the White House noted that sanctions over the Ukraine war have “precluded any meaningful trade” between the U.S. and Russia, so adding tariffs on Russia was unnecessary. Likewise, heavily sanctioned nations such as North Korea, Cuba, and Belarus were left off the list since there’s virtually no regular U.S. trade with those countries. In short, the new tariffs focus on America’s active trading partners, and countries under comprehensive sanctions (with little to no trade) don’t appear in the table. Source: Newsweek: White House Explains Why Russia Not Included in Trump’s New Tariffs |
Tariff Exemptions List — Are any goods or services exempt from the tariffs?
| Goods/Service | Reason for Exemption |
|---|---|
| Pharmaceuticals | To ensure continued access to essential medicines and avoid disruptions in the healthcare sector. Quote: “Pharmaceutical companies expressed relief after President Trump refrained from implementing specific tariffs on pharmaceutical products in his newly announced executive order.“ Source: Reuters – US businesses brace for more pain as Trump rolls out reciprocal tariffs |
| Semiconductors | To support the technology sector and prevent exacerbation of existing supply chain issues in critical industries such as electronics and computing. Quote: “The Trump administration said there are some exclusions to the tariffs, including semiconductors, pharmaceuticals and critical minerals, although it added that these products might be subject to tariffs at a later time.” Source: CBS News – Which products will be affected by tariffs? |
| Lumber | To prevent additional costs in the construction industry and avoid inflating housing prices. Quote: “This exemption extends to other sectors subject to ongoing or potential Section 232 national security investigations, including copper, lumber, semiconductors, and pharmaceuticals.” Source: Reuters – What’s in Trump’s sweeping new reciprocal tariff regime |
| Copper | Due to its critical role in various industries, including electronics and construction, and to avoid supply shortages. Quote: “This exemption extends to other sectors subject to ongoing or potential Section 232 national security investigations, including copper, lumber, semiconductors, and pharmaceuticals.” Source: Reuters – What’s in Trump’s sweeping new reciprocal tariff regime |
| Gold | To maintain stability in the precious metals market and avoid impacting financial instruments tied to gold prices. Quote: “A forthcoming annex will also enumerate other exempted products, including certain critical minerals, energy and energy products.” Source: Reuters – What’s in Trump’s sweeping new reciprocal tariff regime |
| Energy Products | To ensure energy security and avoid increasing costs for consumers and industries reliant on energy imports. Quote: “Imports of oil, gas and refined products were exempted from U.S. President Donald Trump’s sweeping new tariffs.” Source: Reuters – Oil imports exempted from Trump’s sweeping tariffs |
| Certain Critical Minerals | Not available in the U.S., exempted to support industries dependent on these imports and to avoid supply chain disruptions. Quote: “The Trump administration said there are some exclusions to the tariffs, including semiconductors, pharmaceuticals and critical minerals, although it added that these products might be subject to tariffs at a later time.“ Source: CBS News – Which products will be affected by tariffs? |
| USMCA-Compliant Goods | To honor existing trade agreements and maintain favorable trade relations with neighboring countries. Quote: “Goods from Canada and Mexico are not currently subject to reciprocal tariffs because Trump’s prior 25% fentanyl-related duties remain in place on their goods, along with 10% for Canadian energy and potash.” Source: Reuters – What’s in Trump’s sweeping new reciprocal tariff regime |
| Steel and Aluminum | Already covered by existing tariffs imposed in previous trade actions, thus not subject to additional tariffs under the new regime. Quote: “Imports that are subject to separate, 25% tariffs under Section 232 of the Trade Act of 1962 will be excluded, including autos and auto parts, steel and aluminum.” Source: Reuters – What’s in Trump’s sweeping new reciprocal tariff regime |
| Automobiles and Auto Parts | To avoid further disruption to the automotive industry and maintain stability in a sector already affected by previous trade measures. Quote: “Imports that are subject to separate, 25% tariffs under Section 232 of the Trade Act of 1962 will be excluded, including autos and auto parts, steel and aluminum.” Source: Reuters – What’s in Trump’s sweeping new reciprocal tariff regime |
Note: While these categories are currently exempt, the Trump administration has indicated that certain products may be subject to tariffs at a later date.