The US’ Reciprocal Tariffs
Since the US announced its reciprocal tariffs on the 2nd of April, dubbed “Liberation Day”, traders around the world have been anxious to understand the impact it will have on their supply chain – reevaluating with each new development as other countries have negotiated and imposed tariffs in return.
Below, we provide the latest rates and exemptions for the EU, UK, China, and some of the US’ other large trading partners.
* Last updated: 18/06/2025
** Due to ongoing negotiations and legal roadblocks to previously announced agreements, some of the information here may be outdated or inapplicable to your goods. For certainty, contact your account manager.
In addition to individual agreements, note that the following tariffs have also been implemented. These apply generally and are stackable with other tariffs unless indicated otherwise:
- 50% on steel and aluminium products, including some appliances
- 25% on non-US automobiles
President Trump has also indicated that a new pharmaceutical tariff may be announced soon.
| Country | US Tariff Rate | Partner's Tariff Rate on U.S. Goods | Comments |
|---|---|---|---|
| European Union | 10% (20% when the grace period ends) | 25% on selected commodities | Delayed for 90 days both ways from 10th April – ends 9th July. |
| United Kingdom | 10% | 0% | The baseline 10% is not affected by the 90-day pause. The UK has not announced retaliatory tariffs in response. UK steel will also be subject to a lower rate of 25%, whereas all other countries face 50% tariffs. |
| Canada | 25% (general goods) 10% (energy) | 25% on steel, aluminium, vehicles, and some general goods 10% on some energy commodities | The U.S. imposed a 25% tariff on most Canadian goods and a 10% tariff on Canadian energy resources. Canada responded to U.S. tariffs with a series of retaliatory measures. The initial tariffs targeted a broad range of U.S. goods and energy, followed by specific tariffs on steel, aluminium, and other products. The 25% tariff on U.S.-made vehicles was implemented to match U.S. auto tariffs. Canada has not applied tariffs to auto parts, considering the integrated nature of the North American auto industry. Negotiations are ongoing, with the aim to finalise a deal before the end of July. |
| China | 30% (55% when the grace period ends) | 10% | A three-month suspension was agreed on the 12th of May, ending on the 12th of August. During this time, Chinese imports to the US will drop from 145% to 30%, whilst US exports to China will face a reduced 10% tariff. The 55% rate for Chinese goods is comprised of baseline and existing tariffs: - 10% Reciprocal - 20% Fentanyl - 25% Section 232 |
| India | 10% (27% when the grace period ends) | 0% | Subject to a 90-day pause from 10th April – ends 9th July. Full 26% tariff scheduled post-pause. India does not plan to impose retaliatory tariffs in response. Instead, India is focusing on ongoing trade negotiations with the U.S., aiming to finalise a deal by the end of the grace period. |
| Japan | 10% (24% when the grace period ends) | N/A | Subject to a 90-day pause from 10th April – ends 9th July. Full 24% tariff scheduled post-pause. Japan hasn’t imposed retaliatory tariffs, and is in discussions with the US regarding their trade deal. |
| South Korea | 10% (25% when the grace period ends) | 0% | Subject to a 90-day pause from 10th April – ends 9th July. Full 25% tariff scheduled post-pause. South Korea is engaging in trade talks with the U.S. to address the imposed tariffs. |
| Switzerland | 10% (31% when the grace period ends) | 0% | Subject to a 90-day pause from 10th April – ends 9th July. Full 32% tariff scheduled post-pause. Switzerland has not announced retaliatory tariffs in response. |
| Taiwan | 10% (32% when the grace period ends) | 0% | Subject to a 90-day pause from 10th April – ends 9th July. Full 32% tariff scheduled post-pause. Taiwan has no plans to adopt retaliatory tariffs in response to U.S. measures. Instead, the Taiwanese government is pursuing a strategy aimed at strengthening economic ties with the United States. |
| Thailand | 10% (36% when the grace period ends) | 0% | Subject to a 90-day pause from 10th April – ends 9th July. Full 36% tariff scheduled post-pause. Thailand is in discussions with the US to mitigate the effect of these tariffs. |
| Vietnam | 10% (46% when the grace period ends) | 0% | Subject to a 90-day pause from 10th April – ends 9th July. Full 46% tariff scheduled post-pause. Vietnam hasn’t imposed retaliatory tariffs, and is in discussions with the US. |
Do You Need Help with Navigating the US’ Reciprocal Tariffs?
Check out our dedicated article on navigating the US tariffs, or contact us for specialist assistance.
