Extension of Tariff Suspension
On July 7, 2025, the White House issued an updated Executive Order. This order extends the tariff suspension effectuated by Executive Order 14266 until 12:01 a.m. eastern daylight time on August 1, 2025. The separate Executive Order 14298 of May 12, 2025 (regarding the People’s Republic of China), remains in effect and is unaltered by this order.
Read more here: Extending the Modification of the Reciprocal Tariff Rates – The White House
On Steel and Aluminium Imports
- On June 3, 2025, an Executive Order issued by the U.S. Administration increased tariffs on most imported steel and aluminium articles, including derivatives, from 25% to 50%. This change took effect on June 4, 2025, at 12:01 am EDT. Further information can be found in the White House Executive Order
- What’s Changed
- Tariff Rate: Most steel and aluminium imports now face a 50% tariff, up from 25%.
- U.K. Origin Goods: Steel and aluminium goods from the United Kingdom remain at 25% due to the U.S.-U.K agreement.
- Content Reporting: You must declare the steel and aluminium content separately from the rest of the product. The non-metal portion may face additional duties under tariff rules.
- No Duty Drawback: There is no eligibility for duty refunds on affected products.
- FTZ Entries: Products admitted to a Foreign Trade Zone (FTZ) on or after June 4 must be entered under privileged foreign status and will be assessed the 50% tariff when removed for U.S. consumption.
On China:
- On May 12, 2025, the United States and the People’s Republic of China issued a joint statement. Further information can be read in the White House Executive Order. Effective May 14, 2025, the following tariffs will apply (as relevant to customer goods.
- Section 301 Tariffs – Still in effect (7.5% or 25%, depending on classification)
- Section 232 Tariffs – As of 4 June 2025 tariffs on Steel, Aluminium, their derivatives, and Automobiles, if applicable, were raised from 25% to 50%. This is due to the Executive Order.
- IEEPA Fentanyl National Emergency Tariff – 20%
- IEEPA Reciprocal Tariff – 10%
Additional note on Low-Value Shipments: The duty on low-value imports from China (including Hong Kong and Macau) has been reduced from 120% to 54%. The $100 duty per postal item remains in effect.
On the United Kingdom
Key Highlights
- Tariff relief for UK steel and aluminum exports to the U.S. (reduced to 0%). (Note: as of 4 June 2025, this full tariff relief is no longer in effect, but steel and aluminium goods from the United Kingdom remain at 25% due to the U.S.-U.K agreement.)
- UK automobile exports will face a 10% tariff on the first 100,000 vehicles annually; additional vehicles remain subject to the 25% rate.
- The UK will increase quotas for U.S. beef and eliminate tariffs on U.S. ethanol exports.
- The 10% tariff rate on most other UK import goods remains in place for now, with negotiations ongoing.
On additional countries, except Canada and Mexico:
- The U.S. Customs and Border Protection guidance on April 10, 2025, also stated there would be an immediate suspension of country-specific tariffs that had previously gone into effect on April 9, 2025. Mexico and Canada are excluded from this suspension, and the 25% tariff on goods imported from these countries that are not covered by the USMCA trade agreement will continue to apply.
- Details of this updated guidance are as follows:
The CSMS message updates CSMS 64687696 and 64680374 with the following information only
- Imported products of China, including products of Hong Kong and Macau, other than those that fall within the identified exceptions included in CSMS 64680374, entered for consumption, or withdrawn from warehouse for consumption on or after 12:01 a.m. ET on April 10, 2025, are subject to the following HTSUS classification and ad valorem duty rate:
- 9903.01.63: Articles the product of China, including products of Hong Kong and Macau, will be assessed an ad valorem rate of duty of 125%.
- The country-specific rates that became effective on April 9, 2025, are suspended. Imported products of any country, except for China, including products of Hong Kong and Macau, other than those that fall within the identified exceptions included in CSMS 64680374, entered for consumption, or withdrawn from warehouse for consumption on or after 12:01 a.m. ET on April 10, 2025, are subject to the following HTSUS classification and ad valorem duty rate:
- 9903.01.25: Articles the product of any country, except for products described in headings 9903.01.26-9903.01.33, and except as provided for in heading 9903.01.34, and except for articles the product of China, including products of Hong Kong and Macau, will be assessed an ad valorem duty rate of 10%.
On Canada:
- A lower 10% tariff on those energy products imported from Canada that fall outside the USMCA preference.
- A lower 10% tariff on any potash imported from Canada that falls outside the USMCA preference.
- No tariffs on those goods from Canada that claim and qualify for USMCA preference.
On Mexico:
- A lower 10% tariff on any potash imported from Mexico that falls outside the USMCA preference.
- No tariffs on those goods from Mexico that claim and qualify for USMCA preference.
On the US:
As of May 12, 2025, the United States and China have jointly agreed to temporarily ease recently imposed tariff measures. Effective May 14, both countries will reduce portions of their additional ad valorem duties for an initial period of 90 days. Read details here.
- The United States will suspend 24 percentage points of the additional tariffs on goods from China (including Hong Kong and Macau), lowering some rates from 145% to 30% and others from 34% to 10%. Tariffs from two recent executive orders will also be removed.
- China will apply a parallel reduction on U.S. goods, suspending 24 percentage points of its additional duties bringing rates down from 125% to 20% or from 34% to 10%, depending on the product. China will also suspend non-tariff countermeasures introduced since April 2, 2025.
On the US:
- On April 10, 2025, a statement from President von der Leyen was released, stating, “while finalising the adoption of the EU countermeasures [to US tariffs on EU] that saw strong support from our Member States, we will put them on hold for 90 days. If negotiations are not satisfactory, our countermeasures will kick in.”
- As of April 9, 2025, the European Union Member States voted in favour of the European Commission's proposal to introduce trade countermeasures against the United States. The Commission's proposal was made in response to the March decision by the US to impose tariffs on imports of steel and aluminium from the EU.
The duties are based on a two-step approach:
- First, the Commission will allow the suspension of existing 2018 and 2020 countermeasures against the US to lapse on April 1, 2025. These countermeasures target a range of US products.
- Second, in response to new US tariffs affecting more than €18 billion of EU exports, the Commission is putting forward a package of new countermeasures on US exports. Once the Commission's internal procedures are concluded, and the implementing act published, countermeasures will enter into force. These countermeasures have yet to be expanded upon by the European Commission. Duties would have been collected on April 15, 2025, but were paused via the April 10, 2025 statement from President von der Leyen.
Currently, there are no tariffs from Mexico
