In a significant policy development, the President of the United States has issued a new Executive Order dated April 9, 2025, announcing a 90-day suspension of country-specific reciprocal tariffs for trading partners that have not retaliated against the earlier U.S. Executive Order on tariff alignment.
Key Highlights from the Executive Order:
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Temporary Suspension: The ad valorem duties imposed on trading partners listed in Annex I of Executive Order 14257 are suspended for 90 days, excluding the People’s Republic of China (PRC).
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Reduced Duty Rate: During this suspension period, all goods entered for consumption or removed from warehouse from the listed countries of Annex I between April 10, 2025 (12:01 AM EDT) and July 9, 2025 (12:01 AM EDT) will attract an additional ad valorem duty of 10%.
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China-Specific Revisions: The exemptions do not apply to PRC and certain upward modifications have been made specifically for tariff rates applicable to the PRC, which remain in effect.
📌 Exporters are advised to review the complete Executive Order for full details:
Read the Executive Order