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Reciprocal Tariffs to Begin on 4/3/2025
US President Donald Trump has announced sweeping reciprocal tariffs against imports from foreign countries that tax imports from the USA at a higher rate than the US taxes imports of their goods.
These reciprocal tariffs, labeled “Discounted Reciprocal Tariffs” by the Department of Commerce, will be based on the combined rate of all the tariffs against US goods into a given foreign country, including non-monetary barriers to trade, and will vary from a maximum “discounted” rate of half the calculated combined rate, to a minimum baseline of 10%:
|
China..................... |
34% |
|
European Union.... |
20% |
|
South Korea.......... |
25% |
|
India...................... |
26% |
|
Vietnam................. |
46% |
|
Taiwan................... |
32% |
|
Japan.................... |
24% |
|
Thailand................ |
36% |
|
Switzerland........... |
31% |
|
Indonesia.............. |
32% |
|
Malaysia................ |
24% |
|
Cambodia.............. |
49% |
|
United Kingdom..... |
10% |
|
South Africa........... |
30% |
|
Brazil..................... |
10% |
|
Bangladesh........... |
37% |
|
Singapore.............. |
10% |
|
Israel..................... |
17% |
|
Philippines............. |
17% |
|
Chile...................... |
10% |
|
Australia................ |
10% |
|
Pakistan................ |
29% |
|
Turkey.................... |
10% |
|
Sri Lanka............... |
44% |
|
Colombia............... |
10% |
Additional Forthcoming details are expected after the associated Executive Order is published.
Allyn International’s service suite includes consultation on current and developing issues in the US trade community. Reach Allyn here for a consultation or, contact us sales@allynintl.com or 239-489-9900.
Contributor: Andrew Dosher
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