- The Trump administration announced modifications to reciprocal tariffs on imports into the US effective 9 April 2025.
- Modifications include rate increases, effective date delays, and exemptions.
- Higher reciprocal tariff rates for certain countries were delayed until 9 July 2025, except for China.
- Tariff rates for Chinese products increased significantly in response to China’s retaliatory measures.
- Certain technology products were excluded from reciprocal tariffs retroactively to 5 April 2025.
- De minimis tariff rates for postal items of Chinese origin were increased significantly.
- New US tariffs since 1 February 2025 target countries importing Venezuelan oil and certain vehicle products.
- Tariffs include a 25 percent rate on products from countries importing Venezuelan oil and on specific vehicle categories.
Source: taxathand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
