As of early May 2025, the following tariffs are in effect in the United States under President Donald Trump's administration:
- A universal baseline tariff of 10% on all imports from nearly all countries, effective April 5, 2025, 12:01 a.m. EDT
- Reciprocal tariffs higher than 10% on about 60 countries deemed "major offenders," based on the tariffs those countries impose on U.S. goods. These started April 9, 2025, with rates varying by country, for example:
- China faces a combined tariff rate exceeding 60%, including a 34% reciprocal tariff plus previously established tariffs, and additional tariffs raising the total to about 145% on some goods
* Vietnam faces around 46%
* Cambodia around 49%
* European Union 20%
* Japan 24%
* Australia 10% (baseline rate)
* Canada and Mexico are exempt from the baseline 10% tariff but remain subject to other tariffs related to fentanyl and border enforcement, such as 25% on non-USMCA compliant goods and 10% on certain energy imports
- A 25% tariff on all foreign-made automobiles, effective April 3, 2025
- Existing 25% tariffs on steel and aluminum imports remain in place
- Certain exemptions apply to some goods, including electronics, pharmaceuticals, semiconductors, copper, lumber, bullion, and some energy and minerals
The tariffs are part of a broader strategy to address trade imbalances, protect U.S. manufacturing jobs, and respond to what the administration calls unfair trade practices by other countries. These measures have led to retaliatory tariffs from some trade partners and are expected to impact prices and trade volumes significantly
. In summary, the U.S. currently enforces a layered tariff system with a 10% universal tariff, higher reciprocal tariffs on many countries, sector-specific tariffs (autos, steel, aluminum), and additional tariffs targeting specific countries like China, Canada, and Mexico under various authorities.
