US tariff changes announced April 9 go into effect today
CSMS # 64701128 – UPDATED GUIDANCE – Reciprocal Tariffs – Increase in Rate for China and Reversion of Other Country-Specific Rates, Effective April 10, 2025.
Read here: https://content.govdelivery.com/accounts/USDHSCBP/bulletins/3db42c8
White House executive order details: https://www.whitehouse.gov/presidential-actions/2025/04/modifying-reciprocal-tariff-rates-to-reflect-trading-partner-retaliation-and-alignment/
European Commission president Ursula von der Leyen issued a statement suspending for 90 days the countermeasures announced on April 9.
Read here: https://ec.europa.eu/commission/presscorner/detail/en/statement_25_1036
Additional observations from the Logistics Plus Customs & Compliance Team:
- The 34% that was replaced by the 84% tariff has been replaced by a 125% tariff.
- As the BBC called out, but without specificity on the EO, the 20% China/HK tariff is still in place.
- The original 25% / 7.5% 301 tariff appears to have been replaced by the 125% tariff, but they weren’t explicitly called out.
- There were originally supposed to be exemptions for the steel and aluminum that carry the 25% tariff and for pharma, but since this is not specifically addressed in the EO this morning, we await further clarification.
Some additional resources
“How Tump’s Tariffs Hit Nations Differently” by the Wall Street Journal with Interesting visualizations and insights.
Read it here: https://www.wsj.com/economy/trade/trump-reciprocal-tariffs-visualized-5d5a8093
Logistics Plus Customs Brokerage Manager Discusses Tariffs on The Briefing with Steve Scully on SiriusXM.
Listen here: https://www.logisticsplus.com/gretchen-blough-discusses-tariffs-with-steve-scully-on-siriusxm/
