Washington, DC--
Today, President Trum announced reciprocal tariffs on other countries. The tariffs were based on the rates charged by other countries and include a 10% ad val. "base rate." The United States will assess a 50% "discounted reciprocal tariff" rate.
For example, China tariff rate of 67% ad val. and the United States will assess a 34% duty rate. The country with the highest duty rates is Sri Lanka with 88% and the discounted duty rate that the United States will apply is 44% ad val.
NOTE: This News item has been updated to include all the Reciprocal Tariff Charts below: Reciprocal Tariff Charts (04-02-25).pdf
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