IEEPA

Drug/Border Tariffs

• 20% for goods from China
• 25% for goods from Canada unless USMCA Qualified or Canadian Energy products
• 25% for goods from Mexico unless USMCA Qualified

Reciprocal Tariffs

• 10% across the board commencing April 5, 2025
• Specific rates are applicable to countries in Annex 1 commencing April 9, 2025
• Reciprocal tariffs are not applicable when:
  • Goods are subject to Section 232- includes Steel/Aluminum/Derivatives/Automobiles/Auto Parts etc.
  • Goods are for personal use, donations, information articles including publications, films, posters, etc. under 50 USC 1702
  • Goods listed in Annex II
  • The value of US content on any goods which have no less than 20% US value
• Reciprocal tariff exemptions for goods in transit prior to April 5 will expire on May 27, 2025

Section 232 Product Listings

China has issued Retaliatory Tariffs of 34% on top of existing tariffs and other measures.  The President has posted on Truth Social that if China does not withdraw it’s 34% increase by April 8, 2025, the US will impose additional tariffs on China of 50% effective April 9.

Note that Annex I of the reciprocal tariffs has been updated with some countries having revised rates.  Annex I has been updated and Annex III has been added on our link.

Note that 10% reciprocal tariff applies as of April 5 for goods from all countries and starting on April 9, countries with specific rates will be subject to their specific rate.

CSMS 64649265 issued April 5 addressing reciprocal tariffs.  The CSMS message states “To prevent importers from abusing the exceptions for goods that were in transit before April 5, 2025 when it is no longer realistic due to the passage of time, CBP will permit heading 9903.01.28 to be declared only for goods that are entered for consumption or withdrawn from warehouse for consumption, on or after 12:01 a.m. EDT on April 5, 2025, and before 12:01 a.m. EDT on May 27, 2025.”

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