Tariff Resource Center
Navigating Tariff Disruption in Real Time
Tariffs are transforming industry landscapes and placing a heavy burden on business owners, who must shift their current strategy or pay the added cost. The speed of information, the complexity, and new administrative obligations for manufacturers are creating new challenges.
Our team consists of supply chain optimization specialists who have assisted clients with tariff mitigation strategies, including product costing/pricing strategies, procurement savings strategies, operational and working capital improvement, and light restructuring.
Tariff Updates
Updated Tariff Rates Following August 1 Reciprocal Tariff Deadline
August 11, 2025
At least 25 countries received letters from the US President during the month of July regarding a possible increase in reciprocal tariffs, which were set to take effect on August 1, 2025. Several countries were able to renegotiate more favorable rates prior to the August 1 deadline; other countries are still trying to finalize new deals.
On July 31, President Trump released an Executive Order with the new Reciprocal Tariff rates. Any countries not listed in Annex I of the EO are subject to the 10% baseline reciprocal tariff.
Below are the most current rates for some of those countries:
- Brazil: 50%
- India: 50% (25% + sanction for Russian oil imports)
- Laos: 40%
- Myanmar: 40%
- Switzerland: 39%
- South Africa: 30%
- Vietnam: 20%
- Sri Lanka: 20%
- Indonesia: 19%
- Philippines: 19%
- Cambodia: 19%
- Thailand: 19%
- Pakistan: 19%
- European Union: 15%
- Japan: 15%
- South Korea: 15%
Global Aluminum & Steel
Section 232 of the Trade Expansion Act
February 10, 2025:
- Tariffs on steel remains at 25%
- Raised the aluminum tariff from 10% to 25%
- All country exemptions eliminated
- Terminated all existing General Approved Exclusions (GEAs) and phasing out specifc product exclusions
- Added a list of steel and aliminum derivative articles made from U.S.-sourced steel and aluminum
March 12, 2025:
No Duty Drawback
May 8, 2025: Steel and aluminum tariffs remain at 25% for the U.K.
June 17, 2025: New trade deal signed between United States and United Kingdom
- Tariffs on U.K. aerospace products have been exempted from previous 10% tariff on all other countries
- Automotive import tariffs have been slashed to 10% from 27.5% on a quota of 100,000 vehicles per year
- Discussions are ongoing on steel and aluminum tariffs
Auto Tariffs
Adjusting Imports of Automobiles and Automobile Parts Into the United States
Effective May 5, 2025: It is expected that a content-based valuation system will be implemented, where the 25% tariff will apply only to the non-US content of USMCA qualifying parts.
No Duty Drawback
Canada ($57.6B in trade)
International Emergency Economic Powers Act (IEEPA)
In a July 10 letter, President Trump notified Canadian Prime Minister Mark Carney of a new 35% "reciprocal" tariff under the International Emergency Economic Powers Act (IEEPA). They will be imposed as of August 1, unless new terms are agreed upon. Canada, in turn, is preparing to adjust its countermeasures to match the elevated Section 232 tariffs, which now sit at 50%. While the exact Canadian retaliatory rates remain undisclosed, August promises high-stakes developments.
China ($27.0B in trade)
International Emergency Economic Powers Act (IEEPA)
A 90-day tariff pause with China ends on August 12, and unless a new agreement is reached, tariffs will spike from 10% to 34%. Ongoing talks have proposed an extension, but approval remains pending from the White House. China’s status as both a geopolitical rival and an indispensable trade partner makes this one of the most closely watched negotiations.
Mexico ($74.5B in trade)
International Emergency Economic Powers Act (IEEPA)
On July 12, the U.S. announced a sweeping 30% tariff on Mexican imports, effective August 1, citing trade imbalances. Mexican President Claudia Sheinbaum condemned the move as "unjustified" and has warned of retaliatory measures. However, some goods may be spared under USMCA rules of origin, offering a potential buffer for cross-border businesses.
United Kingdom ($12.9B in trade)
The Economic Prosperity Deal, signed May 8, established a 10% baseline tariff on British exports, one of the lowest among peers. Importantly, the U.S. has spared UK pharmaceuticals from additional tariffs and is considering preferential treatment pending ongoing investigations. The deal also introduced key tariff-rate quotas and exemptions:
- Automobiles: 7.5% tariff on the first 100,000 UK-made vehicles.
- Auto Parts: 10% total duty.
- Aerospace: No Section 232 or reciprocal tariffs on qualifying goods.
Meet Our Professionals
Latest News
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An Update on U.S. Trade Policy
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Executive Order Limits Tariff Impact
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Auto Industry Faces 25% Tariffs
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Contractors Face Tariff Impact
Tariff Turbulence: An Update on U.S. Trade Policy and Global Impacts
08/06/25
The United States continues to actively reshape its global trade relationships through a combination of targeted tariffs and strategic trade agreements. In just the first seven months of the year, it has been reported that tariff collections have generated an estimated $172 billion in revenue.
Read More
Trump Executive Order Eases Impact of Auto Tariffs but Adds Another Layer of Complexity
05/01/25
The latest development surrounding President Trump’s quest to bring manufacturing back to the United States comes by way of a tariff revision to the recent 25 percent duty on imported vehicles and auto parts.
Read More
Challenges and opportunities amid 25% automotive tariffs
04/01/25
New 25% tariffs on imported vehicles and parts are shaking up the auto industry, creating uncertainty—but also opportunity. As automakers and suppliers face critical strategic decisions, forward-thinking companies can still position themselves for growth.
Read More
Contractors Brace for Impact of Tariffs, Labor Challenges
04/09/25
New baseline 10 percent import tariffs plus additional country-specific charges will present challenges for all industries, and construction may have added challenges to contend with.
Read More
The United States continues to actively reshape its global trade relationships through a combination of targeted tariffs and strategic trade agreements. In just the first seven months of the year, it has been reported that tariff collections have generated an estimated $172 billion in revenue.
The latest development surrounding President Trump’s quest to bring manufacturing back to the United States comes by way of a tariff revision to the recent 25 percent duty on imported vehicles and auto parts.
New 25% tariffs on imported vehicles and parts are shaking up the auto industry, creating uncertainty—but also opportunity. As automakers and suppliers face critical strategic decisions, forward-thinking companies can still position themselves for growth.
New baseline 10 percent import tariffs plus additional country-specific charges will present challenges for all industries, and construction may have added challenges to contend with.
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