Industry News

U.S. Imposes Adjusted Reciprocal Tariffs

August 1, 2025

President Donald J. Trump has issued a new Executive Order modifying tariffs under the International Emergency Economic Powers Act (IEEPA) and Executive Order 14257, in response to persistent trade imbalances and national security risks. The updated order imposes reciprocal ad valorem tariffs on a wide list of countries and enforces stricter measures to address non-cooperation, trade circumvention, and retaliation.

Effective Date 
The revised tariffs will take effect 7 days after the order’s issuance (August 7, 2025), with some exceptions for goods already in transit. The tariffs apply to goods entered for consumption on or after 12:01 a.m. EDT, August 7, 2025, unless already in transit prior to that time.

In-Transit Exemption
An in-transit exemption allowing goods to be entered under the 10% rate if loaded onto the vessel at the port of loading and in transit on the final mode of transit before 12:01 a.m. EDT August 8th AND entered before Oct 5th. 

Key Updates

  • New Tariff Structure
    • Countries are assigned adjusted ad valorem tariffs based on trade reciprocity, ranging from 10% to 41%, with specific rates listed in Annex I.
  • European Union
    • Goods with existing U.S. duty rates below 15% will have their rate raised to a combined 15%.
    • Goods already above 15% will not face additional duties.
  • General Tariff Rules
    • Countries not listed in Annex I will default to a 10% ad valorem duty unless otherwise stated.
    • Annex II modifies the Harmonized Tariff Schedule (HTSUS) to reflect new country-specific headings and rates.

Transshipment Enforcement
To prevent circumvention of the new tariffs, goods found to be transshipped to evade duties will face 40% ad valorem tariff in addition to penalties and fines under the U.S. law and no elibigility for penalty mitigation.  CBP will also publish semi-annual lists of facilities and countries involved in evasion schemes.

To view the full Executive Order, visit: Presidential Actions - whitehouse.gov

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Countries and Territories Listed under Annex I

Reciprocal Tariff, Adjusted

Afghanistan

15%

Algeria

30%

Angola

15%

Bangladesh

20%

Bolivia

15%

Bosnia and Herzegovina

30%

Botswana

15%

Brazil

10%

Brunei

25%

Cambodia

19%

Cameroon

15%

Chad

15%

Costa Rica

15%

Côte d`Ivoire

15%

Democratic Republic of the Congo

15%

Ecuador

15%

Equatorial Guinea

15%

European Union: Goods with Column 1 Duty Rate > 15%

0%

European Union: Goods with Column 1 Duty Rate < 15%

15% minus Column 1 Duty Rate

Falkland Islands

10%

Fiji

15%

Ghana

15%

Guyana

15%

Iceland

15%

India

25%

Indonesia

19%

Iraq

35%

Israel

15%

Japan

15%

Jordan

15%

Kazakhstan

25%

Laos

40%

Lesotho

15%

Libya

30%

Liechtenstein

15%

Madagascar

15%

Malawi

15%

Malaysia

19%

Mauritius

15%

Moldova

25%

Mozambique

15%

Myanmar (Burma)

40%

Namibia

15%

Nauru

15%

New Zealand

15%

Nicaragua

18%

Nigeria

15%

North Macedonia

15%

Norway

15%

Pakistan

19%

Papua New Guinea

15%

Philippines

19%

Serbia

35%

South Africa

30%

South Korea

15%

Sri Lanka

20%

Switzerland

39%

Syria

41%

Taiwan

20%

Thailand

19%

Trinidad and Tobago

15%

Tunisia

25%

Turkey

15%

Uganda

15%

United Kingdom

10%

Vanuatu

15%

Venezuela

15%

Vietnam

20%

Zambia

15%

Zimbabwe

15%

 

To View Annex II Information, visit Whitehouse.gov - Annex II