Summary: Key Updates – U.S. Tariffs
New U.S. tariffs target imports from key countries, impacting global markets
Key Updates: • On April 2, 2025, the White House announced a comprehensive tariff strategy, termed "Liberation Day," introducing a universal 10% tariff on all imports, effective April 5, with higher, country-specific tariffs commencing April 9. • As of April 9, 2025, the White House paused the sweeping reciprocal tariffs imposed last week, saying dozens of countries had reached out to negotiate new trade deals. • The announcement came as a relief to global markets, U.S. allies, and many advisers, following growing concerns over a potential global crisis. Despite easing some concerns, the President held steady on the 10% baseline tariffs and escalated tariffs on China to 125% • The administration asserts these measures aim to bolster domestic industries and address trade imbalances. Critics warn of potential inflationary effects and escalating trade tensions (Axios, Investopedia, April 2025) . • Tariff percentages are subject to change due to ongoing updates in trade regulations and international agreements . For ongoing updates and the latest information, please visit ACR News.
Country of Origin
April 2 Announcement
Amended April 9 Announcement
China
54%
125%
Cambodia
49%
Vietnam
46%
Sri Lanka
44%
Bangladesh
37%
Thailand
36%
Taiwan
32%
10% for 90 days while previously announced increased tariffs are paused.
32% 29% 26% 24% 24% 20% 17%
Indonesia
Pakistan
India
Japan
Malaysia
EU
Philippines
10% *Not an exhaustive list of all countries with increased tariffs.
Turkey
Anti-Dumping & Countervailing Duties Update: Country of Origin Product
Duties
Effective Date
China & Vietnam
Molded Fiber: Duties Assessed Variable by Supplier
04/01/2025
China
Aluminum Pans
271%
12/01/2024
Q2 2025 Market Update
3
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