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.

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Enacted

By Country/Country Group

Scope Duty Rate Effective Date Authority Notes

72 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

8/7/2025

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%

4/10/2025

IEEPA

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.

President Trump told NBC that he may raise the universal rate to 15 or 20 percent.

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 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.

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

8/1/2025

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%

5/14/2025

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%

3/4/2025

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.

India

All imports, except those listed in Annex II

25%

8/27/2025

IEEPA

India received this additional tariff due to continued purchases of Russian oil and gas.

This stacks on top of the IEEPA reciprocal 25% rate, bringing the total to 50%.

232 duties do not stack.

Mexico

All imports

25%; 10% for potash

3/4/2025

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.

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

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

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

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.

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

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

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

Open for comments until 12/1/2025

Foundational semiconductors and silicon carbide substrates

TBD

12/23/2024

Section 301

USTR report due on or before 12/10/25

Canada, the EU, Turkey
and the UK

TBD

2/21/2025

Section 301

G7 countries are negotiating with the Trump Administration.

TBD

TBD

12/10/2024

Section 301

TBD

Proposed actions (p. 39):

Suspend the application of all CAFTA-DR benefits to Nicaragua, including tariff concessions and cumulation of Nicaraguan content for other CAFTA-DR partners, immediately or phased in over a period of time up to 12 months.

Suspend the application of some CAFTA-DR benefits to Nicaragua, including tariff concessions and cumulation of Nicaraguan content for other CAFTA-DR partners, immediately or phased in over a period of time up to 12 months.

Apply tariffs up to 100 percent on all Nicaraguan imports, immediately or phased in over a period of time up to 12 months.

Apply tariffs up to 100 percent on some Nicaraguan imports immediately, with tariffs for selected sectors phased in over a period of time up to 12 months.

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 Department report due to the President on or before 1/20/2026

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

100%

4/16/2025

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

Section 232

TBD; was slated to go into effect 10/1/2025 according to the President’s Truth Social post

The UK will increase the net price it pays for new medicines by 25% in exchange for exemption from the pharmaceutical tariff.

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

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

The EU and South Korea will be subject to a lower 15% rate.

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.

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.

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 December 8, 2025