Decoding Trump’s Tariffs: What the New Trade Reality Means for Your Business
Join us on Thursday, April 10, 2025, at 1:00 PM ET for ACMA’s upcoming webinar, Decoding Trump’s Tariffs: What the New Trade Reality Means for Your Business. As the administration rapidly reintroduces and reshapes tariffs on key materials like steel, aluminum, copper, and lumber, composites manufacturers must prepare for the potential impact. Ted Murphy, a leading trade policy expert and partner at Sidley, will walk attendees through the latest developments, what they mean for your supply chain, and how to stay compliant in a volatile trade environment. Please bring your questions!
In a Rose Garden speech yesterday the President announced the following reciprocal tariff policy:
- A 10% universal tariff on all imports on April 5, 2025 at 12:01am. Items in transit at that time will be allowed to enter without this duty.
- Additional individualized tariffs on approximately 60 trade partners on April 9, 2025 at 12:01am, including: 34% on Chinese goods, 20% on EU goods, 46% on Vietnam, 32% on Taiwan, 24% on Japan, 26% on India, 25% on South Korea, 36% on Thailand, 31% on Switzerland, 32% on Indonesia, 24% on Malaysia, 49% on Cambodia, 30% on South Africa, 37% on Bangladesh, 29% on Pakistan, 44% on Sri Lanka, 17% on Philippines, 17% on Israel, 18% on Nicaragua, 15% on Norway, 20% on Jordan, 47% on Madagascar, 44% on Myanmar, 28% on Tunisia, 27% on Kazakhstan, 37% on Serbia, 21% on Cote D’Ivoire, 48% on Laos, 37% on Botswana.
- Items currently facing a 232 tariff will not be included (see below for a list)
Key White House Documents: