GBA Tariff Tracker

GBA is committed to keeping our members informed about the latest tariff developments under President Trump’s administration. As new tariffs are implemented, their impact on global supply chains, investment and manufacturing continues to evolve.

Please utilize the GBA Tariff Tracker below to help navigate the numerous announced and threatened tariff developments. 

Enacted

By Country/Country Group

Scope Duty Rate Effective Date Authority Notes

All Countries (Except Canada, Mexico, Cuba, North Korea, Russia & Belarus)

All products (blanket tariff), except those listed in Annex II and III

10%

4/10/2025

IEEPA

Reciprocal tariff rates higher than 10% are on pause until 7/9/2025.

Exemption for smartphones, laptops, PCs, servers, memory chips, flat-panel displays and hard drives. 

Canada and Mexico get a stay of execution, with the IEEPA tariffs related to fentanyl and the border – and the USMCA carveout – remaining in place.

Executive order here.

Canada

All imports

25%; 10% on energy, energy resources and potash

3/4/2025

IEEPA

If an auto 232 tariff has been paid, imports are not subject to this IEEPA tariff. Imports subject to this tariff are exempt from steel and aluminum 232 tariffs. 

Exemption for all USMCA-compliant goods.

China

All imports

10%

5/14/2025

IEEPA (Reciprocal)

The 125% rate was paused and reduced to 10% until 8/12/2025 or a permanent deal is reached.

Sectoral tariffs, MFN rate and additional 301 stack on top.

Exemption for smartphones, laptops, PCs, servers, memory chips, flat-panel displays and hard drives.

De minimis to be disbanded 5/2/2025.

China

All imports

20%

3/4/2025

IEEPA (Fentanyl)

Federal Register notice here.

Mexico

All imports

25%; 10% on potash

3/4/2025

IEEPA

If an auto 232 tariff has been paid, imports are not subject to this IEEPA tariff. Imports subject to this tariff are exempt from steel and aluminum 232 tariffs. 

Exemption for all USMCA-compliant goods.

Countries that purchase Venezuelan gas or oil

25%

4/2/2025

IEEPA

Whether a specific country is subject to the tariff will depend on an interagency determination led by Secretary of State Marco Rubio.

By Sector

Scope Duty Rate Effective Date Authority Notes

Autos

Passenger vehicles and light trucks

25%

4/3/2025

Section 232

A tariff rate quota (TRQ) was introduced for the UK; 100,000 British vehicles can be imported into the U.S. without this 25% tariff.

Imports subject to this tariff are exempt from any other 232 and reciprocal tariffs.

Federal Register notice here.

Auto Parts

Automobile parts (engines and engine parts, transmissions and powertrain parts, and electrical components)

25%

5/3/2025

Section 232

Imports subject to this tariff are exempt from any other 232 and reciprocal tariffs.

Rebate and tariff discount on auto parts for U.S. assembled vehicles, fact sheet here.

Documentation of U.S./USMCA-content can be deducted from the total subject to tariffs.

Commerce will open an inclusion process by June 24 for domestic manufacturers to request additional parts be subject to duties.

Steel and Aluminum

All steel and aluminum products that are not “melted and poured” in the U.S.; including derivatives and downstream goods

25%

3/12/2025

Section 232

58 products have been added to the inclusion list, open for comments until 6/4/2025.

The U.S. and the UK agreed to a trading union for steel and aluminum, details are still being negotiated. 

Any import subject to the steel tariff may still be subject to a tariff for its aluminum content and vice versa, but only if no other 232 or reciprocal tariffs.

No exemptions/exclusions. The 200% rate for Russian aluminum remains in place.

Beer and empty aluminum cans added 4/4/2025.

Retaliatory

Scope Duty Rate Effective Date Authority Notes

Canada (IEEPA Retaliation)

US$20.8 billion worth of goods, including orange juice, peanut butter, paper, appliances, footwear, cosmetics, motorcycles and more 

25%

3/4/2025

Department of Finance Canada

Canada (Steel and Aluminum Retaliation)

 US$20.7 billion worth of goods, including steel, aluminum, heavy metals, electronics, umbrellas, sporting equipment and more 

25%

3/13/2025

Department of Finance Canada

Canada (Autos Retaliation)

Non-USMCA compliant fully assembled vehicles

Non-Canadian and non-Mexican content of USMCA compliant fully assembled vehicles

25%

4/9/2025

Prime Minister of Canada

China (IEEPA/301 Retaliation)

Chicken, wheat, corn and cotton

Sorghum, soybeans,
pork, beef, seafood, fruits, vegetables and dairy

10%

15%

3/10/2025

Commerce Ministry

Exemption for goods “on the water” before 4/12/2025.

China (Reciprocal Tariff Retaliation)

All U.S. imports

10%

5/14/2025

Commerce Ministry

Exemption for goods “on the water” before 5/13/2025.

The EU

~US$24 billion worth of goods across diverse sectors

Full list of considered products here.

TBD; 10 – 25%

Paused until 7/9/2025

Safeguard measure: Regulation (EU) No 654/2014

In Progress

By Country/Country Group

Scope Duty Rate Date Announced Authority Next Expected Federal Action Notes

57 Countries and Territories

All products, except those listed in Annex II and III

Variable, full list (Annex I) here

4/2/2025

IEEPA

Paused until 7/9/2025

Executive order here.

China

Maritime, logistics and shipbuilding sectors

Variable fees based on ship ownership and operation characteristics

2/27/2025

Section 301

Foundational semiconductors and silicon carbide substrates

TBD

12/23/2024

Section 301

USTR report due 12/10/25

Canada, the EU, Turkey
and the UK

TBD

2/21/2025

Section 301

Agency reports due on or before 4/1/2025

By Sector

Scope Duty Rate Date Announced Authority Next Expected Federal Action Notes

Commercial aircraft, jet engines and their respective parts

TBD

 5/13/2025

(Launched 5/1/2025, delay in Federal Register notice)

Section 232

Open for comments until 6/3/2025

Raw mined copper; copper concentrates; refined copper; copper alloys; scrap copper; and derivative products

TBD

2/25/2025

Section 232

Commerce Department report due to the President on or before 11/22/2025

Raw and processed critical minerals/rare earth metals (plus uranium) and their derivative products (all goods that incorporate processed critical minerals as inputs, both semi-finished and final)

TBD

4/15/2025

Section 232

Commerce Department report due to the President on or before 10/19/2025

Examples of derivative products include semiconductor wafers/anodes/cathodes, permanent magnets, motors, EVs, batteries, smartphones, microprocessors, radar systems, wind turbines and their components, and advanced optical devices.

Finished drug products, medical countermeasures, critical inputs such as active pharmaceutical
ingredients, and key starting materials, and derivative products of those items

TBD

4/16/2025

(Launched 4/1/2025, delay in Federal Register notice)

Section 232

Commerce Department report due to the President on or before 12/27/2025

Semiconductors, semiconductor manufacturing equipment and their derivative products

TBD

4/16/2025

(Launched 4/1/2025, delay in Federal Register notice)

Section 232

Commerce Department report due to the President on or before 12/27/2025

Medium-duty trucks, heavy-duty trucks, and medium- and heavy-duty truck parts, and their derivative products

TBD

4/25/2025

Section 232

Commerce Department report due to the President on or before 1/17/2026

Timber, lumber and their derivative products

TBD

3/1/2025

Section 232

Commerce Department report due to the President on or before 11/26/2025

Threatened

By Country/Country Group

Scope Duty Rate Date Threatened Authority Next Expected Federal Action Notes

BRICS

TBD

100%

2/13/2025

TBD

TBD

Only if they take action on removing the dollar as a currency reserve.

Denmark

TBD

TBD

Most recently: 01/2025

TBD

TBD

Due to disputes over
Greenland’s ownership.

The EU

All imports

50%

5/23/2025

TBD

Allegedly going into effect 7/9/2025

The EU

Wines, champagnes and alcoholic products

200%

3/13/2025

TBD

TBD

In response to EU retaliatory tariffs.

Japan

TBD

TBD

Most recently: 3/4/2025

TBD

TBD

Only if perceived as continuing to “guide” the Yen’s value downward.

By Sector

Scope Duty Rate Date Threatened Authority Next Expected Federal Action Notes

Agricultural Products

“External” agricultural
products; possibly fruits, vegetables and nuts

25%

3/3/2025

TBD

TBD

No official White House correspondence; source is the President’s Joint Address to Congress.

Apple

iPhones

25%

5/23/2024

TBD

TBD

No official White House correspondence; source is the President’s Truth Social account.

Foreign Movies

100%

5/4/2025

TBD

The President directed Commerce and USTR to immediately begin the process of instituting tariffs. TBD if that means collection (under IEEPA) or the initiation of an investigation (under 232)

No official White House correspondence; source is the President’s Truth Social account.

Last Updated May 27, 2025