Canada and Mexico are excluded from the reciprocal tariff regime, good news for businesses on both sides of the U.S. border that deal with their goods.
There's a 10% baseline tariff. These are across-the-board levies on all imports, effective April 5.
Other nations will be hit with what Trump called a "discounted reciprocal tariff." The higher rates are for nations the White House considers bad actors on trade. Duties will be 24% on Japan and 20% on the E.U., in lieu of the universal 10% tariff, effective April 9.
A new 34% tariff on China will add to previous duties, like the 20% tariff Trump imposed over fentanyl. The base tariff rate on Chinese imports will be 54%, before adding tariffs imposed during Joe Biden's presidency or Trump’s first term.
Auto tariffs will take effect tonight. Trump said he's imposing 25% tariffs on all foreign-made autos as of midnight.
