President Trump late Wednesday unveiled his reciprocal tariff plans at the White House, imposing via Executive Order (E.O.) a minimum 10% baseline tariff on imports from all countries (taking effect on Saturday, April 5) along with reciprocal tariffs on roughly 60 countries that subject the U.S. to tariff and non-tariff trade barriers (in effect on Wednesday, April 9).  

Tariffs are a complicated issue; SEMA and PRI are working to understand this evolving issue and update members with the best and latest information. Please take the survey above (also linked here) to provide valuable information to the D.C. team. If you have any additional questions, contact Eric Snyder in SEMA’s D.C. office at erics@sema.org.  

Here’s what we know so far: 

The E.O. exempts several categories of items that have been recently subject to tariffs, including: 

• Articles subject to 50 USC 1702(b) (IEEPA general exclusions for donations, goods in personal effects/baggage, information transfers, postal and other transactions that do not involve the transfer of anything of value); 
• Steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; 
• Copper, pharmaceuticals, semiconductors and lumber articles; 
• All articles that may become subject to future Section 232 tariffs; 
• Bullion; and 
• Energy and other certain minerals that are not available in the United States.
   

The country-by-country reciprocal rates are assessed at approximately 50% of the Trump Administration's estimate of their combined tariffs/non-tariff barriers and taxes. The minimum tariff is 10%. (We’ve listed the country-by-country reciprocal tariff rates at the bottom of this article.)

The E.O. allows President Trump to either increase reciprocal tariffs if a given country retaliates or decrease the tariffs if a country takes significant steps to remedy non-reciprocal trade elements and aligns with the U.S. on economic and national security matters. 
 

Resources 

• Executive Order: Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits 
   
• Fact Sheet: President Donald J. Trump Declares National Emergency to Increase our Competitive Edge, Protect our Sovereignty, and Strengthen our National and Economic Security 
   
• Survey: Share How Tariffs Impact Your Business With SEMA/PRI 
   

Additional Action 

The Trump Administration also expanded upon the President’s March 26 E.O., which placed 25% tariffs on automobiles (effective on Thursday, April 3) and auto parts (effective on Saturday, May 3), by providing a listing of Harmonized Tariff Codes (HTS) that are covered by the tariffs. The HTS codes are provided on pages 9-12 here.  

Meanwhile, Automotive News published a list of products it anticipates will be impacted. 

Additionally, President Trump’s Wednesday, April 2, E.O. eliminates the duty-free de minimis treatment of imports from China and Hong Kong (imports under $800 were previously not subject to tariffs).  

• Executive Order: Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China as Applied to Low-Value Imports 
   
• Fact Sheet: President Donald J. Trump Closes De Minimis Exemptions to Combat China’s Role in America’s Synthetic Opioid Crisis 
   

Individual Country Tariff Rates 

• E.U. - 20% 
• China - 34% 
• Vietnam - 46% 
• Taiwan - 32% 
• Japan - 24% 
• India - 26% 
• Switzerland- 31% 
• South Africa - 30% 
• Brazil - 10% 
• South Korea - 25% 
• Indonesia - 32% 
• Malaysia - 24% 
• Cambodia - 49% 
• United Kingdom - 10% 
• Bangladesh - 37% 
• Singapore - 10% 
• Israel - 17% 
• Philippines - 17% 
• Chile - 10% 
• Australia - 10% 
• Pakistan - 29% 
• Turkey - 10% 
• Sri Lanka - 44% 
• Colombia - 44% 
• Peru - 10% 
• Nicaragua - 18% 
• Norway - 15% 
• Costa Rica - 10% 
• Jordan - 20% 
• Dominican Republic - 10% 
• UAE - 10% 
• New Zealand - 10% 
• Argentina - 10% 
• Ecuador - 10% 
• Guatemala - 10% 
• Honduras - 10% 
• Madagascar - 47% 
• Myanmar (Burma) - 44% 
• Tunisia - 28% 
• Kazakhstan - 27% 
• Serbia - 37% 
• Egypt - 10% 
• Saudi Arabia - 10% 
• El Salvador - 10% 
• Cote d’Ivorie - 21% 
• Laos - 48% 
• Botswana - 37% 
• Trinidad and Tobago - 10% 
• Morocco - 10% 
• Moldova - 31% 
• Angola - 32% 
• Democratic Republic of the Congo - 11% 
• Jamaica - 10% 
• Mozambique - 16% 
• Paraguay - 10% 
• Zambia - 17% 
• Lebanon - 10% 
• Tanzania - 10% 
• Iraq - 39% 
• Georgia - 10% 
• Senegal - 10% 
• Azerbaijan - 10% 
• Cameroon - 11% 
• Uganda - 10% 
• Albania - 10% 
• Armenia - 10% 
• Nepal - 10% 
• Sing Maarten - 10% 
• Falkland Islands - 41% 
• Gabon - 10% 
• Kuwait - 10% 
• Togo - 10% 
• Suriname - 10% 
• Belize - 10% 
• Algeria - 30% 
• Oman - 10% 
• Uruguay - 10% 
• Bahamas - 10% 
• Lesotho - 50% 
• Ukraine - 10% 
• Bahrain - 10% 
• Qatar - 10% 
• Mauritius - 40% 
• Fiji - 32% 
• Iceland - 10% 
• Kenya - 10% 
• Liechtenstein - 37% 
• Guyana - 38% 
• Haiti - 10% 
• Bosnia and Herzegovina - 35% 
• Nigeria - 14% 
• Namibia - 21% 
• Brunei - 24% 
• Bolivia - 10% 
• Panama - 10% 
• Venezuela - 15% 
• North Macedonia - 33% 
• Ethiopia - 10% 
• Ghana - 10%  

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