President Trump on Wednesday announced so-called reciprocal tariffs on imports from about 90 nations, in addition to a 10% across-the-board tariff applied to all imports to the U.S. The president declared it a national emergency and said the new taxes are needed to erase a trade deficit between the U.S. and other countries, ranging from China to the European Union.
The tariffs will be additive, meaning that imports will face both the universal tariff of 10% plus the specific reciprocal import levies targeting each nation.
The reciprocal rates will become effective at 12:01 a.m. on April 9. That's in addition to the baseline 10% tariff, which goes into effect at 12:01 a.m. on April 5.
Canada and Mexico Exempt from new reciprocal Tariffs
No new tariffs were placed on Mexico and Canada, the United States' two largest trading partners, sparing them from the minimum 10% baseline tariff added to most countries Wednesday.
Goods and products that fall under the United States–Mexico–Canada trade agreement are still mostly exempt from tariffs. Automotive exports will still be subjected to a tariff set to go into effect April 3, while steel and aluminum will still be subject to a previously imposed 25% tariff.
Senators Tim Kaine, Ron Wyden, and Senate Minority Leader Chuck Schumer speak to reporters following the weekly Democratic Senate policy luncheon at the U.S. Capitol on April 01, 2025 in Washington, DC.
The New York Democrat cited Mr. Trump's urging of the GOP to oppose the measure, claiming that the president is "very worried" about the resolution.
"He knows they might lose here in the Senate," Schumer added.
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