Regulating Imports With a Reciprocal Tariff To Rectify Trade Practices That Contribute to Large and Persistent Annual United States Goods Trade Deficits
This executive order declares a national emergency based on large and persistent U.S. goods trade deficits and imposes a baseline 10 percent additional ad valorem tariff on all imports from all trading partners, effective April 5, 2025. Higher country-specific reciprocal tariff rates take effect April 9, 2025 for trading partners listed in Annex I, with exemptions for certain goods including steel, aluminum, automobiles, pharmaceuticals, semiconductors, critical minerals, and energy products.