President Trump Announces 10 Percent Global Tariff, 11 Percent to 50 Percent Reciprocal Tariffs
By EsqSocial Corporation 04/04/25
President Donald Trump on April 2, 2025, issued an executive order (EO), "Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits," which applies a reciprocal tariff of 10 percent on all imports into the U.S., pursuant to the International Emergency Economic Powers Act (IEEPA). This will take effect at 12:01 a.m. ET on April 5, 2025....
By: Holland & Knight LLP