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Late this afternoon, President Trump spoke from the Rose Garden on sweeping new tariffs the United States is enacting.
EO Reciprocal Tariffs April 2025
Reciprocal Tariffs Fact Sheet
Tariffs on goods from Canada and Mexico remain unchanged. That is, there is a 10% tariff on Canadian energy products, 25% on other Canadian goods, and 25% on all Mexican goods, but the USMCA exemption applies. Propane from Canada qualifies under the USMCA, so NPGA expects no tariffs to apply on Canadian-supplied propane to the U.S.
On almost every other major country, the U.S. is implementing “reciprocal tariffs.” There will be a baseline rate of 10%, but many countries will face materially higher, individualized rates. A country-by-country list of rates is available here. For example, the tariff on EU goods is 20% and on UK goods is 10%. The 10% baseline tariffs go into effect on April 5, 2025 and the higher reciprocal tariffs go into effect on April 9, 2025.
The U.S. may increase a country’s tariff rate if such trading partner retaliates or decrease the tariff rate if such trading partner takes significant steps to remedy non-reciprocal trade arrangements and aligns with the U.S. on economic and national security matters. The reciprocal tariffs do not stack on steel/aluminum articles or autos/auto parts already subject to Section 232 tariffs. However, they do stack on base tariff rates and section 301 tariffs.
NPGA’s trade counsel will analyze all of the official White House documents in the coming days and draft a fact sheet that will be posted on NPGA’s tariffs portal. NPGA’s President and CEO, Stephen Kaminski, will host a live tariffs education session during the NPGA Expo in Charlotte at 8am ET on Saturday, April 5th.
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