Newsletter | April 2025 | Update: Tariffs on imported goods

TOP NEWS

Effective at 12:01 a.m. on April 5, 2025, a 10% baseline tariff on imported goods from most countries, with a few exceptions, will be implemented. This baseline is in addition to regular duties and fees, current IEPPA duties, Section 201 duties, Section 301 duties, and any applicable AD/CVD. Further to this Executive order, effective at 12:01 a.m. on April 9, 2025, country-specific tariffs will be applied to goods imported into the U.S. In some cases, they will remain at 10% while in others they will be higher. The country-specific tariffs imposed on April 9th, 2025, will be similarly levied in addition to existing tariffs, with exception to the 10% baseline tariff implemented April 5th, 2025. Goods imported from Canada and Mexico were not subject to either the April 5, 2025 or April 9, 2025 tariffs.

MORE NEWS

As of 12:01 a.m. on April 3, 2025, the new 25% tariffs are now applied to passenger vehicles (sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans) and light trucks classifiable under many 8703 and 8704 tariff headings. These tariffs will be assessed in addition to any other duties, fees or exactions applicable to the entry.

Importers can ask for a segregation and have only the non-U.S. portion to be subject to the 25% tariffs by certifying their content and deducting that amount from the vehicle’s total value. While this process has not yet been determined, importers should guarantee their calculations when submitting such a claim, as CBP has been ordered to assess the 25% tariff on the vehicle’s full value if the agency identifies any overstatement of the U.S. content.

COMING DOWN THE PIPELINE

On or after 12:01 a.m. on May 3, 2025, the new 25% tariffs on automobile parts will take effect. The parts subject to the additional tariffs include engines and engine parts; transmissions and powertrain parts; electrical components; as well as other parts of passenger vehicles and light trucks.