Key Takeaways
- The US will impose a 10% tariff on all foreign imports starting April 5.
- Countries with large trade deficits will face higher tariffs starting April 9.
- The original 10% tariff baseline will continue to apply to all countries except those with the largest trade deficits.
Washington: The US will impose a 10% tariff on all foreign imports starting April 5. This will affect countries with large trade deficits, who will face even higher tariffs starting April 9.
“President [Donald] Trump will impose a 10% tariff on all countries. This will take effect April 5, 2025 at 12:01 a.m. EDT. President Trump will impose an individualized reciprocal higher tariff on the countries with which the United States has the largest trade deficits.
All other countries will continue to be subject to the original 10% tariff baseline. This will take effect April 9, 2025 at 12:01 a.m. EDT,” the statement said.
