what tariffs are in place today

what tariffs are in place today

3 hours ago 2
Nature

As of early May 2025, the following tariffs are currently in place in the United States under the Trump administration's trade policies:

  • A universal baseline tariff of 10% on most imports, effective April 5, 2025. This applies broadly but excludes Canada, Mexico, Russia, and North Korea from this baseline tariff
  • Higher reciprocal tariffs on about 60 to 90 countries deemed "major offenders," with rates ranging from around 16% to as high as 50%. For example:
    • China faces a total tariff of approximately 145%, combining the baseline and additional tariffs.
    • The European Union faces a 10% baseline tariff plus a 20% additional tariff, though the 20% tariff on the EU is currently on hold.
    • Other countries with significant reciprocal tariffs include Vietnam (46%), Cambodia (49%), Japan (24%), South Africa (30%), Taiwan (32%), and Thailand (36%)
  • Sector-specific tariffs remain unchanged, including:
    • Section 232 tariffs on steel, aluminum, and automobiles.
    • A 25% tariff on all foreign-made automobiles, effective from April 3, 2025.
    • Tariffs on fentanyl imports from Canada and Mexico remain, with non-USMCA trade facing a 25% tariff (energy and potash imports taxed at 10%)
  • Tariffs on Venezuelan oil imports remain in effect
  • Some reciprocal tariffs have delayed implementation dates, such as tariffs on imports from Japan, Israel, and others, set to take effect in July 2025

Overall, the average effective tariff rate faced by U.S. consumers is about 28%, the highest since 1901

. These tariffs aim to protect U.S. manufacturing and address trade imbalances but have also introduced inflationary pressures and trade tensions globally

. In summary, the U.S. currently enforces a complex tariff regime consisting of a 10% baseline tariff, higher reciprocal tariffs on many countries, and specific sector tariffs on steel, aluminum, autos, and certain imports like fentanyl and Venezuelan oil

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