GBA Tariff Tracker

Given the Supreme Court’s decision on Friday, February 20, that the IEEPA statute does not authorize President Trump’s use of tariffs, most enacted country-specific duties have been invalidated. Please see the “effective date” tab to evaluate which tariffs have been affected.

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.

Please manually refresh to ensure you are viewing the latest version of this page.

Enacted

By Country/Country Group

Scope Duty Rate Effective Date Authority Notes

69 Countries and Territories

All imports, except those already subject to 232 investigations/duties or listed in Annex II

Countries may receive additional exclusions through individual deals

Variable, full list here

OVERTURNED by the Supreme Court on 2/20/2026

IEEPA

The Court of International Trade struck down the President’s use of IEEPA to justify these tariffs. The DOJ has appealed the decision and the U.S. Court of Appeals granted a temporary stay. The decision now lies with the United States Supreme Court.

On 9/5/25 (and updated on 11/14/25), the President released Annex III, a list of goods for which countries can potentially reduce their tariffs on through bilateral trade deals.

Goods identified as transshipped by Customs and Border Protection will be subject to an additional 40%.

The baseline 10% is included in the total (i.e. if a country has 10% on the list, the baseline does not stack on top).

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

All imports (blanket tariff), except those listed in Annex II

10%

2/24/26

Section 122

President Trump threatened to raise the rate to 15% on 2/21/2026.

Following the Supreme Court’s 6-3 ruling that IEEPA does not authorize the use of tariffs, President Trump enacted a global 10% tariff using Section 122. This statute aims to address fundamental imbalances of payments, with a 15% rate cap and 150-day limit, which Congress can choose to extend.

Duty drawbacks are available.

Brazil

All imports, except those listed in Annex I

40%

8/6/2025

IEEPA

On 11/20, additional exemptions were added to Annex I. They apply retroactively and any tariffs already paid are eligible for refund.

This stacks on top of the IEEPA worldwide 10%, bringing the total to 50%.

232 duties do not stack.

Canada

All imports

35%; 10% for potash & energy products

OVERTURNED by the Supreme Court on 2/20/2026

IEEPA

On 10/25/2025, President Trump truthed that he will increase Canada’s rate by 10 percent, but did not add an effective date.

With the rate increase on 8/1/2025, all pre-existing exemptions and stacking rules remain in place.

The non-steel and non-aluminum content of all steel and aluminum articles/derivatives will instead be subject to the IEEPA rate.

The Court of International Trade struck down the President’s use of IEEPA to justify these tariffs. The DOJ has appealed the decision and the U.S. Court of Appeals granted a temporary stay. The decision now lies with the United States Supreme Court.

If an auto, steel or aluminum 232 tariff has been paid, imports are not subject to this IEEPA tariff. 

Exemption for all USMCA-compliant goods.

China

Owners and operators of certain Chinese-built, owned, or operated vessels calling at U.S. ports

Variable, CBP guidance here, modified on 10/14/2025

Paused until 11/10/2026

Section 301

China

All imports, except those listed in Annex II

10%

OVERTURNED by the Supreme Court on 2/20/2026

IEEPA (Reciprocal)

The pause was extended to 11/10/2026.

The 125 percent rate was paused and reduced to 10% until 11/10/2025 or a permanent deal is reached.

The Court of International Trade struck down the President’s use of IEEPA to justify these tariffs. The DOJ has appealed the decision and the U.S. Court of Appeals granted a temporary stay. The decision now lies with the United States Supreme Court.

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

De minimis disbanded.

China

All imports

10%

OVERTURNED by the Supreme Court on 2/20/2026

IEEPA (Fentanyl)

Lowered to 10 percent from 20 percent until 11/10/2026.

The Court of International Trade struck down the President’s use of IEEPA to justify these tariffs. The DOJ has appealed the decision and the U.S. Court of Appeals granted a temporary stay. The decision now lies with the United States Supreme Court.

Federal Register notice here.

Mexico

All imports

25%; 10% for potash

OVERTURNED by the Supreme Court on 2/20/2026

IEEPA

The non-steel and non-aluminum content of all steel and aluminum articles/derivatives will instead be subject to the IEEPA rate.

The Court of International Trade struck down the President’s use of IEEPA to justify these tariffs. The DOJ has appealed the decision and the U.S. Court of Appeals granted a temporary stay. The decision now lies with the United States Supreme Court.

If an auto, steel or aluminum 232 tariff has been paid, imports are not subject to this IEEPA tariff.

Exemption for all USMCA-compliant goods.

Nicaragua

Goods not originating under the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR)

15% (two-year phase in)

1/1/26: 0%

1/1/27: 10%

1/1/28: 15%

Section 301

This 301 tariff will stack with other tariffs, including Nicaragua’s 18 percent reciprocal tariff rate.

If Nicaragua does not make progress in addressing the issues highlighted in the Section 301 report, the timeline and the rates may be modified.

Federal Register notice.

U.S. imports from 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 Table Header

Autos

Passenger vehicles and light trucks

25%

4/3/2025

Section 232

Comments on inclusion process and import adjustment offset program due 1/26/2026.

The EU, South Korea and Japan will pay 15 percent or the MFN tariff, whichever is higher, per their deal with the U.S.

A tariff rate quota (TRQ) was introduced for the UK; 100,000 British vehicles can be imported at a combined 10 percent rate.

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

Comments on inclusion process and import adjustment offset program due 1/26/2026.

The Trump administration extended the auto parts import adjustment offset program through April 30, 2030, with the offset percentage kept at 3.75 percent during that whole period. Commerce has been directed to create an import adjustment offset program for auto engine manufacturers as well.

Inclusion process open until 11/3/2025.

The EU, South Korea and Japan will pay 15 percent or the MFN tariff, whichever is higher, per their deal with the U.S.

Certain UK automobile parts are instead subject to a total tariff of 10 percent, provided that they are products of the UK and for use in UK automobiles.

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.

Copper Products

Semi-finished copper products (such as copper pipes, wires, rods, sheets, and tubes) and copper-intensive derivative products (such as pipe fittings, cables, connectors, and electrical components)

50%

8/1/2025

Section 232

New technical guidelines for copper tariffs proclaimed on 4/2/2026.

Korean and Japanese aerospace products covered by the WTO Agreement on Trade in Civil Aircraft are exempt from all reciprocal and Section 232 copper tariffs.

Only applies to the copper content of a product; non-copper content of a product remains subject to reciprocal tariffs or other applicable duties. These tariffs do not stack.

The copper 232 tariffs do not stack with auto 232 tariffs. If a product is subject to auto 232 tariffs, then the auto 232 tariffs apply, not the copper 232 tariffs. 

Copper input materials and copper scrap are not subject to 232 or reciprocal tariffs.

Steel and Aluminum

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

3/12/2025

Section 232

New technical guidelines for steel and aluminum tariffs proclaimed on 4/2/2026.

Commerce can reduce by up to half – so no lower than 25% – the tariff faced by steel or aluminum that is: (1) used by U.S. auto or truck manufacturers in new U.S. production capacity, as determined by Commerce; (2) USCMA-qualified; and (3) smelted and cast or melted and poured in Canada or Mexico.

Additional derivative products added on 8/18/2025.

Korean, Japanese and UK aerospace products covered by the WTO Agreement on Trade in Civil Aircraft are exempt from all reciprocal and Section 232 steel and aluminum tariffs.

The non-steel and non-aluminum content of all steel and aluminum articles/derivatives will instead be subject to the IEEPA rate (if applicable).

Unless the product is an auto or auto part, which nullifies this tariff, any import subject to the steel tariff may still be subject to a tariff for its aluminum content and vice versa.

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

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

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

Semiconductors

Certain advanced computing chips and certain derivative products. Full list here.

25%

1/15/2026

Section 232

Per the fact sheet, the NVIDIA H200 and AMD MI325X advanced chips are the focus of the tariff.

These tariffs will not apply to chips that support the buildout of the U.S. technology supply chain and establishes broad exclusions for imports used in U.S. data centers, research and development, public sector applications, startups, consumer products, civil industrial uses, repairs and other activities that strengthen domestic manufacturing capacity.

Covered products will generally not be subject to other Section 232 tariffs or reciprocal tariffs, and existing tariff-free treatment for products listed on Annex II remains intact.

Commerce and USTR are pursuing negotiations with trading partners and will report back within 90 days, after which the president may consider additional tariffs or a tariff offset program to incentivize domestic semiconductor manufacturing.

Taiwan, the EU, Switzerland, Liechtenstein, Japan and South Korea are capped at 15%. The UK is likely to receive similar treatment. Taiwan also has special import volume exemptions.

Trucks

Medium/heavy trucks and their parts, buses

10 – 25%, list here.

11/1/2025

Section 232

Executive Order.

Trucks that are USMCA-qualified can deduct the value of their U.S. content when calculating tariff liability. USMCA-qualified truck parts are not subject to the tariff at all, until Commerce and CBP establish a tariff exclusivity process.

Trucks or buses that were manufactured more than 25 years before the time they are imported into the United States are not subject to the truck 232 tariff.

A truck manufacturer can apply to Commerce for an import adjustment offset.

If a product is subject to the 232 on trucks, truck parts, and buses, it is not subject to reciprocal tariffs or any of the other IEEPA tariffs.

If a product is subject to either this 232 on trucks or the 232 on autos, the product is not subject to any other 232 tariff even if that ends up with the product not being subject to any tariff at all (due to USMCA compliance, the offset program or a bilateral trade deal).  

Wood Products

Softwood timber/lumber, upholstered wooden products, kitchen cabinets and vanities. Full list/CBP guidance here.

10 – 25%

10/14/2025

Section 232

(POSTPONED FOR A YEAR ON 1/1/26) On January 1, the 25 percent tariff on cabinets and upholstered furniture will increase to 50 percent and 30 percent, respectively.

The EU, UK, South Korea and Japan will receive preferential treatment, with no rate exceeding 15 percent for the EU, Japan and South Korea.

Products subject to this tariff will not be subject to IEEPA reciprocal, Brazil or Russian oil tariffs.

Products subject to auto and auto parts Section 232 tariffs will not be subject to this tariff.

Retaliatory

Scope Duty Rate Effective Date Authority Notes

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

China (Reciprocal Tariff Retaliation)

All U.S. imports

10%

5/14/2025

Commerce Ministry

China (301 Shipbuilding Retaliation)

U.S.-owned, operated, built, or flagged vessels

400 yuan ($56) per net ton fee for every voyage

Paused until 11/10/2026

Ministry of Transport

The fees will be charged for a maximum of five trips per year, and will rise to reach 1,120 yuan ($157) per net ton.

Empty vessels entering Chinese shipyards for repair are exempt. Chinese-built ships are also exempt.

In Progress

By Country/Country Group

Scope Duty Rate Date Announced Authority Next Expected Federal Action Notes

60 Economies

The failure of 60 countries “to impose and effectively enforce a prohibition on the importation of goods produced with forced labor.”

TBD

3/12/2026

Section 301

Open for public comment until 4/15/26

Hearings will be held on 4/28/26

Fact sheet, Federal Register notice and press release.

16 Economies

The “acts, policies, and practices” of China, the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan and India, “relating to structural excess capacity and production in certain manufacturing sectors” 

TBD

3/11/2026

Section 301

Open for public comment until 4/15/26

Hearings will be held on 5/5/26

Specific sectors illustrated as plagued by excess capacity and production include aluminum, automobiles, batteries, cement, chemicals, electronics, energy goods, glass, machine tools, machinery, non-ferrous metals, paper, plastics, processed food and beverages, robotics, satellites, semiconductors, ships, solar modules, steel and transportation equipment.

Press release and fact sheet.

TBD

TBD

7/15/2025

Section 301

TBD

On July 14, President Lula of Brazil passed the Economic Reciprocity Law, which allows the government to suspend trade concessions, investments and even intellectual property rights of countries that impose unilateral measures against Brazilian interests.

USTR is investigating Brazil’s acts, policies, and practices related to digital trade and electronic payment services; unfair, preferential tariffs; anti-corruption enforcement; intellectual property protection; ethanol market access; and illegal deforestation.

Whether an act, policy, or practice of China violates, or is inconsistent with, the provisions of, or otherwise denies benefits to the United States under, the Phase One Agreement

TBD

10/24/2025

Section 301

TBD

Foundational semiconductors and silicon carbide substrates

TBD

12/23/2024

Section 301

USTR determined to take “tariff action now on semiconductors from China, with an initial tariff level of zero percent, increasing in 18 months on June 23, 2027, to a rate to be announced not fewer than 30 days prior to that date[.]”

Results of the investigation, published 12/23/2025.

Canada, the EU, Turkey
and the UK

TBD

2/21/2025

Section 301

G7 countries are negotiating with the Trump Administration.

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

Commerce Department report due to the President on or before 1/26/2026

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 and USTR are jointly pursuing negotiations with trading partners and will report back to the president within 180 days, establishing a decision point in mid-July 2026.

While President Trump and Commerce have identified reliance on critical mineral and derivative product imports as a national security concern, no tariffs will be imposed for the time being.

Commerce/USTR negotiations will consider price floors and other trade-restricting measures.

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.

Unmanned aircraft systems (UAS) and their parts and components

TBD

7/16/2025 (Launched 7/1/2025, delay in Federal Register notice)

Section 232

TBD

Branded or patented pharmaceutical products, listed in Annex I

100%

4/16/2025

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

Section 232

Going into effect on 7/31/2026 for Annex III companies and 9/29/2026 for all others

Companies with Commerce-approved onshoring plans will have their additional rate reduced to 20% for four years; companies with onshoring plans AND an MFN pricing agreement with HHS will have their additional rate reduced to 0% until 1/20/2029.

The UK will increase the net price it pays for new medicines by 25% in exchange for exemption from the pharmaceutical tariff. Once all major British pharmaceutical companies have reached MFN and Tariff Agreements with HHS, all imports of UK drugs will be subject to 0% in additional tariffs.

Exemption for companies building a facility in the United States.

Through bilateral trade deals, the EU will receive a lower 15 percent rate, as well as no additional tariffs for generic pharmaceuticals, their ingredients and chemical precursors. Japan and South Korea and the UK will likely receive a similar or identical deal.

Polysilicon and its derivatives

TBD

7/16/2025

(Launched 7/1/2025, delay in Federal Register notice)

Section 232

TBD

Personal protective equipment (PPE), medical consumables and medical equipment, including devices

TBD

9/26/2025

(Launched 9/2/2025, delay in Federal Register notice)

Section 232

Robotics and industrial machinery

TBD

9/26/2025

(Launched 9/2/2025, delay in Federal Register notice)

Section 232

Wind turbines and their parts and components

TBD

8/25/2025

(Launched 8/13/2025, delay in Federal Register Notice)

Section 232

TBD

Threatened

By Country/Country Group

Scope Duty Rate Date Threatened Authority Next Expected Federal Action Notes

BRICS (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran and the United Arab Emirates)

All imports

10%

7/8/2025

TBD

TBD

Source is President Trump’s Truth Social and cabinet meeting.

Canada

Aircraft imports

50%

1/29/2026

TBD

TBD

President Trump Truthed that the U.S. is decertifying all aircraft manufactured by Canada and threatened to impose this tariff on aircraft imports in retaliation for their refusal to certify, and therefore sell, certain Gulfstream jets.

Canada

All imports

100%

1/24/2026

TBD

TBD

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

TBD

The EU

Wines, champagnes and alcoholic products

200%

3/13/2025

TBD

TBD

In response to EU retaliatory tariffs.

Greenland

All imports from Denmark, Sweden, Norway, Finland, the United Kingdom, France, Germany and the Netherlands

10%

1/17/2026

TBD

Allegedly taking effect on 2/1/2026

Truth Social post

If these nations continue to impede President Trump’s efforts to acquire Greenland, the duty rate will increase to 25% on 6/1/2026.

Iran

“Any and all business” between the U.S. and any country that is “doing business” with Iran

25%

1/12/2026

TBD

Effective immediately on 1/12/2026, according to this post by President Trump

Japan

TBD

TBD

Most recently: 3/4/2025

TBD

TBD

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

South Korea

All imports

10% increase; from 15% to 25%

1/26/2026

TBD

TBD

South Korea’s legislature has been slow to implement the terms of its reciprocal trade deal with the U.S.

Truth Social.

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 April 7, 2026