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US International Tax Alert: Recent Tariff Developments and Considerations for Importers

  • Modifications to Reciprocal Tariffs: The Trump administration announced changes to “reciprocal” tariffs, including rate increases for Chinese products and exemptions for certain technology products. Effective dates were adjusted, with significant increases for Chinese imports.
  • New US Tariffs Since February 2025: A summary of new tariffs targeting various countries and products, including increased tariffs on vehicles, steel, aluminum, and specific goods from China, Canada, and Mexico.
  • Retaliatory Tariffs and Importer Considerations: Other countries have imposed retaliatory tariffs on US products. Importers are advised to engage in strategic planning, including supply chain analysis, tariff classification reviews, and leveraging trade agreements to mitigate impacts.

Source Deloitte

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