About new US tariffs

 washington - Eco - Fady labib : There have been several significant developments regarding US customs duties recently. Here's a summary of the key changes as of Saturday, April 5, 2025: ...

1. New Reciprocal Tariffs (Effective April 5th and 9th, 2025):

• Baseline 10% Tariff: Effective April 5th, the US has imposed a 10% ad valorem (based on value) tariff on imports of nearly all foreign-origin goods. This is in addition to any existing duties.

• Higher Reciprocal Tariffs on Specific Countries: Effective April 9th, the US will implement additional, higher tariffs on imports from 57 countries with which the US has large trade deficits or has determined to have non-reciprocal or discriminatory trade practices. These rates will range from 11% to 50% and will replace the baseline 10% tariff for these targeted nations. Some of the countries mentioned with significant increases include China, India, Vietnam, and the European Union.

• USMCA Exception (for now): Goods originating from Canada and Mexico that comply with the US-Mexico-Canada Agreement (USMCA) rules of origin are currently exempt from these new reciprocal tariffs. They continue to receive preferential (0%) tariff treatment under the existing IEEPA orders related to fentanyl and migration.

• Potential Future Tariffs on Canada and Mexico: If the existing IEEPA orders concerning Canada and Mexico are terminated, USMCA-compliant goods would still receive preferential treatment, but non-USMCA compliant goods from these countries would be subject to a 12% reciprocal tariff.

• US Content Provision: If at least 20% of an imported item's value originates from the US, the reciprocal tariff will only apply to the non-US content.

• International Mail: Goods sent via international post will be subject to duties of 30% ad valorem or $25 per item (carrier's discretion) instead of other duties. This per-item amount will increase to $50 on June 1, 2025.

2. Tariffs Related to China and Hong Kong:

• As of March 7, 2025, all goods imported from China and Hong Kong are subject to a 20% tariff. This is a result of increases implemented on March 4th and March 6th.

3. Tariffs Related to Canada and Mexico (Prior to April 5th Changes):

• While largely reversed for USMCA-qualifying goods, there were temporary 25% tariffs imposed on most imports from Canada and Mexico in early March 2025 under IEEPA, related to border security concerns.

• Currently, goods from Canada and Mexico that qualify for USMCA preference have no additional tariffs.

• Non-USMCA originating goods from Canada and Mexico continue to face a 25% tariff.

• A 10% tariff remains on non-USMCA originating energy products and potash imported from Canada and Mexico.

4. Tariffs on Countries Importing Venezuelan Oil (Effective April 2, 2025):

• A 25% tariff may be applied to all goods imported from any country that purchases Venezuelan oil, directly or indirectly. The Secretary of State will determine which countries this applies to.

5. Section 232 Tariffs:

• The 25% tariffs on imported steel and aluminum, in effect since March 12, 2025, remain in place.
• New 25% tariffs on imported automobiles went into effect on April 3, 2025.
• Goods subject to Section 232 tariffs are not subject to the new global or increased reciprocal tariffs.

Key Points to Note:

• The situation is dynamic, and further changes are possible.
• The Harmonized Tariff Schedule of the United States (HTSUS) will be updated to reflect these new tariffs.
• The US Customs and Border Protection (CBP) will continue to issue updates and technical information.
• Businesses are advised to review their supply chains and assess the potential cost implications of these new tariffs.

It is recommended to consult official resources from the U.S. Customs and Border Protection (CBP) and the White House for the most up-to-date and specific information regarding these tariffs.