First, certain commodities will face zero tariffs, including pharmaceuticals, semiconductors, copper and energy products such as oil, natural gas, coal and liquefied natural gas.
Only the non-U.S. product portions of products that have 20% or more of content made using US can be taxed. In addition, low-value goods under $800 that mainly cover e-commerce orders will be taxed at the old tariff rate.
Second, tariffs will apply to key industrial sectors such as aluminum, steel, automotive and automotive parts and will apply to most countries.
For most other goods, there will now be a two-tier tariff system. Starting from April 5, 2025, all imports will first receive a benchmark tariff of 10%. Then, starting from April 9, 2025, some countries will face specific country tariffs. Country-specific tariffs will replace benchmark tariffs after April 9.
Starting April 9, goods from India could be as high as 27%. However, pharmaceuticals, semiconductors, copper and energy products are still not exempt from any new tariffs. “The actual tariffs a country faces depend on the exports of its exports and the consistency of its trade practices with the interests of the U.S. economy and national security,” Ajay Srivastavavaexexeectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectectecce. 2. The reciprocal tariff policy reads: “The additional value of imports from all imports from all trading partners shall start at 10%, and shortly thereafter the additional value shall increase, i.e. the trading partners listed in Annex I shall be increased by the trading partners enumerated in the orders listed in this order until the order is set as attachments. mitigation”. (ANI)
