Trump’s New Tariff Tracker: Essential Trade Compliance Resource Hub
The implementation of new tariffs and trade compliance rules has been outlined by the administration, particularly affecting various countries and products. Key transitional dates for the new tariffs, their exemptions, and specific rates have been mapped out for clarity.
Overview of Tariffs
As a significant update, reciprocal tariffs will affect a myriad of trading partners starting April 5, 2025. A baseline tariff rate of 10% will apply, with potential increases and specific country exemptions to follow. Key developments include:
- Baseline Rate: Effective April 5, 2025, set at 10%.
- Future Adjustments: A proposed increase to 15%-20% by President Trump was announced on July 10, 2025.
- Country-Specific Rates: Adjustments may allow for rates tailored to individual nations.
De Minimis Exemption
The de minimis exemption is paused, effective August 29, 2025. Exceptions include shipments via international postal networks, which will be subject to different rates.
Transshipment Penalties
From August 7, 2025, a 40% transshipment penalty will be enforced. This applies to goods circumventing established duties and tariffs, with no possibility of mitigation.
Country-Specific Tariff Rates
The following tariffs have been implemented or threatened against various countries. Specific countries will face different rates:
| Country | Tariff Rate | Effective Date |
|---|---|---|
| Afghanistan | 15% | Aug. 7, 2025 |
| Botswana | 15% | Aug. 7, 2025 |
| Canada | Exempt | Apr. 5, 2025 |
| China | 34% | Nov. 4, 2025 |
| India | 25% | Aug. 7, 2025 |
| Brazil | 10% | Aug. 7, 2025 |
| EU | 0%-15% | Aug. 7, 2025 |
| Mexico | Exempt | Apr. 5, 2025 |
Future Threats and Considerations
Several threats of future tariff implementations have been signaled for various industries and products. For example:
- Digital Services Tax (DST): Products from countries imposing DSTs are threatened with tariffs.
- Venezuelan Oil: Potential 25% tariffs on goods importing from nations sourcing Venezuelan oil have been announced.
- Russia Sanctions: A proposed 500% tariff may apply to any entities doing business with Russia, depending on future legislative developments.
This evolving trade landscape underscores the importance of compliance as rates and regulations are subject to rapid changes. For businesses navigating these waters, understanding these tariffs and their implications is crucial.
