Trade Regulation Updates

US Reciprocal Tariff Announcement | What We Know Now

May 22, 2025

The US Government has announced the details of the reciprocal tariffs to be implemented on April 5th at 12:01 EST. Below are the key takeaways from the Executive Order:

For Canadian and Mexican Origin Goods:

The current preferential tariff treatment allowed under USMCA/CUSMA/T-MEC will continue for qualifying goods. Canadian and Mexican goods will benefit from a 0% tariff rate, provided they meet the regional value content for USMCA/CUSMA/T-MEC applicability. 

Canadian and Mexican-originating goods that do not qualify for USMCA/CUSMA/T-MEC will continue to receive an additional 25% tariff and energy goods at 10%. Should the International Emergency Economic Powers Act (IEEPA), through which these tariffs were originally imposed, be terminated, these tariffs will be replaced with a 12% tariff on all non-USMCA qualifying goods.

The previously reported steel, aluminum, automotive, and auto part tariffs will remain in place.

For All Other Foreign Origin Goods:

All other countries will receive a 10% minimum tariff on imports into the US, with additional tariffs for certain countries as listed here

Chinese De Minimis Changes 

Additionally, on April 2nd, the US Government reinstated the previously paused order for the removal of the de minimis provision for low-value goods originating from China or Hong Kong (including those shipped via courier or the US Postal Service).

As of May 13th, 2025, Executive Order, the ad valorem duty rate established on April 2nd, 2025, for international postal service, is being reduced to 54%. All other modes of transportation are still required to make normal entries.

The Executive Order also details the retention of the per-postal item cost of $100, effectively granting the US Postal Service the latitude to choose the most appropriate de minimis value on a case-by-case basis.  

To be kept abreast of the latest as it happens, you are encouraged to: