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JVM Research & Advisory Services

JVM Research & Advisory ServicesJVM Research & Advisory ServicesJVM Research & Advisory Services
JVM
How We Help
Policy Expertise
  • Policy Experience
  • Tax Policy
  • Trade Policy
  • Climate and Energy Policy
JVM Insights
  • JVM Insights
  • Policy Risk Report
Trade Tracker
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  • JVM
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Trade Tracker

Tariffs: Implemented and Proposed

 

China I - Round 1 of additional tariffs

  • Date announced: February 1, 2025
  • Country targeted: China
  • Rate: 10% additional
  • Goods: All
  • Effective date: February 4, 2025
  • Authority: IEEPA

China II - Round 2 of additional tariffs

  • Date announced: February 1, 2025
  • Country targeted: China
  • Rate: 10% additional
  • Goods: All
  • Effective date: March 4, 2025
  • Authority: IEEPA

North American Tariffs

  • Date announced: February 1, 2025
  • Country targeted: Canada, Mexico
  • Rate: 25%, 10% for Canadian energy and potash
  • Goods: non-USMCA goods
  • Effective date: March 4, 2025 (scheduled for April 2, 2025 for USMCA goods)
  • Authority: IEEPA

Steel and aluminum

  • Date announced: February 10, 2025
  • Country targeted: All
  • Rate: 25%
  • Goods: Steel, aluminum
  • Effective date: March 12, 2025
  • Authority: Section 232

Reciprocal

  • Date announced: February 13, 2025
  • Country targeted: All
  • Rate: Unspecified reciprocal (vs VAT, other trade barriers)
  • Goods: Undetermined
  • Effective date: April 2, 2025 (scheduled)
  • Authority: Unclear

EU

  • Date announced: February 26, 2025
  • Country targeted: EU
  • Rate: 25%
  • Goods: All
  • Effective date: April 2, 2025
  • Authority: Unclear

Agricultural

  • Date announced: March 3, 2025
  • Country targeted: All
  • Rate: Unspecified
  • Goods: “external” farm goods
  • Effective date: April 2, 2025
  • Authority: Unclear

Timber and lumber

  • Date announced: March 1, 2025
  • Country targeted: All
  • Rate: Unspecified vs timber imports
  • Goods: Timber and lumber
  • Effective date: November 26, 2025
  • Authority: Section 232 (report pending)

Copper

  • Date announced: February 25, 2025
  • Country targeted: Major exporters
  • Rate: Unspecified
  • Goods: Copper
  • Effective date: November 22, 2025
  • Authority: Section 232 (report pending)

Critical industries

  • Date announced: February 18, 2025
  • Country targeted: All
  • Rate: 25%
  • Goods: Microchips, pharmaceuticals
  • Effective date: April 2, 2025
  • Authority: Unclear

Digital taxes

  • Date announced: February 21, 2025
  • Country targeted: EU, UK, Canada
  • Rate: Unspecified vs digital taxes
  • Goods: Undetermined
  • Effective date: December 31, 2025
  • Authority: Section 301

Automobiles

  • Date announced: March 26, 2025
  • Country targeted: All
  • Rate: 25%s
  • Goods: Automobiles and auto parts
  • Effective date: April 3, 2025 (auto parts within 90 days)
  • Authority: Section 232

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