Here are all of the details on the newly announced Liberation Day tariffs
The White House announced today that reciprocal tariffs will be implemented under the International Emergency Economic Powers Act (IEEPA). Here are the details.
- A 10% tariff will be imposed on all goods imported from all countries (except for the exemptions below) effective April 5, 2025, at 12:01 am EST. The 10% tariff will be applied on all goods entered or withdrawn from a warehouse for consumption – except for goods loaded onto a vessel at the port of loading and in transit on the final mode of transportation before 12:01 a.m. EST on April 5, 2025, and entered for consumption after April 5. EST on April 5, 2025, and entered for consumption after April 5.
- Higher tariffs will be imposed on specific countries effective April 9, 2025, at 12:01 am EST. Countries that did not receive a specific rate will continue to have a 10% tariff applied. The higher country-specific tariffs will be applied on all goods entered or withdrawn from a warehouse for consumption – except for goods loaded onto a vessel at the port of loading and in transit on the final mode of transportation before 12:01 a.m. EST on April 9, 2025, and entered for consumption after April 9.
- Goods from Canada and Mexico will continue to be subject to the IEEPA tariffs already in place. Goods compliant with the U.S.-Mexico-Canada Free Trade Agreement will remain duty-free, except for automobiles and auto parts, while non-compliant goods will continue to have a 25% tariff.
- The country-specific tariff rates can be found at: https://www.whitehouse.gov/wp-content/uploads/2025/04/Annex-I.pdf. Also, see the chart below.
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