President Donald Trump said that the 10% universal tariff rate that he imposed on April 2 is not necessarily permanent, depending on what other countries are willing to give the U.S. in return for removal.
President Donald Trump should “fully revoke” tariffs in the wake of his 90-day pause announcement Wednesday, said Consumer Technology Association CEO Gary Shapiro in a statement. “We appreciate President Trump's willingness to pause most tariffs,” but the additional 10% universal baseline tariffs, which are still in effect, and the “continued uncertainty” are “already hurting American small businesses,” Shapiro said. The pause doesn’t affect China, and in a post Wednesday on Truth Social, Trump announced an increase in tariffs on that country’s imports to 125%. Many consumer electronics are manufactured in China, including most iPhones. “CTA urges President Trump to focus his efforts on what he does best, dealmaking,” Shapiro said. “Now is the time to reposition the United States with our allies as a reliable trading partner while growing the American and global economy."
The pause on higher country-specific reciprocal tariffs for all covered countries except China took effect just after midnight on April 10, CBP said in a CSMS message.
Exporters and other companies could start seeing an uptick in government subpoenas as the Bureau of Industry and Security looks to increase export penalties, industry officials said this week, adding that businesses should make sure they’re scrutinizing transactions and watching for red flags.
President Donald Trump said April 9 that he’s hiking tariffs on Chinese imports to 125% "effective immediately."
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Counsel for Simplified, a small business that became the first to challenge in court the use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs, told us that he believes jurisdiction to be proper in the U.S. District Court for the Northern District of Florida and not the Court of International Trade. Andrew Morris of the New Civil Liberties Alliance, the conservative advocacy group bringing the case, said jurisdiction is not reserved for the trade court, since IEEPA is not a statute that authorizes tariffs.
Only 13 hours after reciprocal tariffs of 11% to 84% began, President Donald Trump said he is pausing the higher country-specific tariffs for 90 days -- except for China, whose total emergency tariff will go from 104% to 125%, according to a White House spokesperson. The baseline additional 10% tariff -- which applies to nearly all countries, but not Mexico and Canada -- remains in place.
President Donald Trump, on his social media account, said that he will drop high reciprocal tariffs that started today for 90 days. However, the 10% tariff imposed on nearly all trading partners will remain.
The pause on higher country-specific reciprocal tariffs for all covered countries except China takes effect tonight, April 10, at 12:01 a.m., said CBP in a CSMS message. Beginning at that time, all goods except goods for goods from China (including Hong Kong and Macau) and goods exempt from the reciprocal tariffs, including goods from Canada and Mexico, will be subject to the 10% tariff rate under subheading 9903.01.25.