Increase in customs duties to be imposed on approximately 12 nations starting on Monday by the United States
U.S. President Donald Trump has announced new tariff amounts for up to 12 countries, with the details and implications yet to be fully disclosed. The announcement, made on late Friday, will provide more clarity on the new tariffs and their effects, and will be made official on Monday.
The tariff amounts for the 12 countries will be different, ranging from 16% to 55%, with some exceptions and ongoing negotiations reflecting trade tensions and attempts to resolve disputes.
Here's a breakdown of the countries affected by the new tariffs, the proposed tariff levels, and the effective dates:
1. Norway: A 16% tariff will be imposed, with a delayed start date of July 9, 2025 (initially Apr. 10, 2025). Reciprocal tariffs on all products (exceptions apply).
2. Pakistan: A 30% tariff will be imposed, with a delayed start date of July 9, 2025. Reciprocal tariffs on all products (exceptions apply).
3. Philippines: An 18% tariff will be imposed, with a delayed start date of July 9, 2025. Reciprocal tariffs on all products (exceptions apply).
4. Russia: A tariff of around 25% is threatened, with a potential start date of Apr. 2, 2025, but the status is yet to be determined. Currently, Russia benefits from a reciprocal tariff exemption, but tariffs may be imposed due to the purchase of Venezuelan oil.
5. South Africa: A 31% tariff will be imposed, with a delayed start date of July 9, 2025. Reciprocal tariffs on all products (exceptions apply).
6. South Korea: A 26% tariff will be imposed, with a delayed start date of July 9, 2025. Reciprocal tariffs on all products (exceptions apply).
7. Singapore: A 25% tariff is threatened, with a potential start date of Apr. 2, 2025. Tariffs on all products; linked to the purchase of Venezuelan oil, which may trigger additional tariffs.
8. Canada: Canada faced 25% tariffs on most goods but was initially exempt from new reciprocal tariffs. Negotiations are ongoing, with Canada having recently abandoned its digital services tax policy, a move described by White House Press Secretary Karoline Leavitt as "caving".
9. China: After a truce, U.S. tariffs on Chinese imports are set at 55%, down from a peak escalation. Chinese tariffs on U.S. imports are set at 10%. Agreements also include easing export controls and de minimis package rules.
The specific sectors targeted by the new tariffs remain undisclosed, and the White House has not provided further details about the new tariffs. An additional 10% ad valorem tariff on all U.S.-origin goods was effective from May 14, 2025. Reciprocal tariffs for multiple countries have been delayed until July 9, 2025, shifting the original April 10 start date. Countries like Russia and Singapore may face additional tariffs due to their purchasing of Venezuelan oil.
The upcoming tariff levels for various countries, including Norway, Pakistan, Philippines, Russia, South Africa, South Korea, Singapore, Canada, China, and possibly others, will range from 16% to 55%. These tariffs will be implemented on specified sectors of the industry, finance, business, and general-news, with details yet to be fully disclosed. The tariff imposition dates vary, some starting in April or July of 2025, while others, such as those on Russia and Singapore, may be subject to changes due to their purchase of Venezuelan oil.
