President Trump Orders 10% Global Tariff and Higher “Reciprocal” Tariffs
By EsqSocial Corporation 07/04/25
On April 2, 2025, President Trump issued the long-anticipated “reciprocal tariff” order, imposing tariffs on most US trade partners. The tariff includes two components: (i) a 10% “baseline” rate on most trade partners, entering into effect on April 5; and (ii) a set of higher, country-specific “reciprocal” rates on 57 trade partners with which the United States has trade deficits, entering into effect on April 9. Products covered by sector-specific Section 232 tariffs, certain energy and mineral...
By: White & Case LLP