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The exemptions... >Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that ar…
That is a huge, huge deal. It effectively means that all goods imported from China will be slapped with a 30% import tax, as soon as said goods arrive the US border / customs.
Usually what happens then, is that the courier will pay that tax, and then bill the recipient later on - as well as charge some fee/fees for the work done.
This is why in some European countries, that $1 item from China with free shipping can end up costing $10, because you're paying $0.25 in VAT or import taxes, and $10 to the shipping courier for doing the paperwork.
If that is the case in the US, I fully expect total chaos and mayhem when all the Temu / AliExpress/ Wish customers start receiving extra bills for their orders.
(That's just from the most obvious consumer example...then you have pretty much everything else. Goods, commodities, etc.)
EDIT: I found more info here https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-pr...
So it is even worse, you either pay $25 per shipment, or 30% - whichever is higher. Then later it moves up to $50 per shipment, or 30% - whichever is higher.
a $1 item with $1 shipping will end up costing you as much as $52 after June!
Current EU tariffs on US goods... Product Category Tariff Rate ----------------------------- -------------- Dairy Products (e.g., cheese, butter) Up to 50% Processed Foods (e.g., chocolate, confectionery) 30-40% Alcoholic Beverages (e.g., whiskey, bourbon) 25% Steel and Aluminum Products 25% Automobiles 10% Industrial Goods 5-10%
https://eur-lex.europa.eu/eli/reg_impl/2018/886/oj/eng
https://www.gtlaw.com/en/insights/2025/3/eu-to-impose-tariff...
Would be good to know - Who are the people coming up with these specific rates? How are they modeling this system?
(sorry, this is a BBC live news ticker link):
https://www.bbc.com/news/live/c1dr7vy39eet?post=asset%3A3a34...
And a picture of the chart they had showing the per-country tariffs:
https://www.bbc.com/news/live/c1dr7vy39eet?post=asset%3A7f78...
As someone interested in "curious discussion", what are some of the positives we can take away from this? Is this a new standard for economic policy?
This isn't even the China model. Slapping tariffs on raw inputs guarantees that US industry cannot compete internationally. This is more like the North Korean model.
While there are positives to targeted industrial policy, there are no positives to autarky.
As someone interested in "curious discussion", what are some of the positives we can take away from this? Is this a new standard for economic policy?
Genuine questions: why are they calling it “reciprocal”? Is the US just matching the tariffs set by the other countries? Also, this announcement has wiped out any plans of buying tech products this year, plus a holiday to the US and Canada later in the year. Good thing too, as the entire globe is probably staring down the barrel of a recession.
Genuine questions: why are they calling it “reciprocal”? Is the US just matching the tariffs set by the other countries? Also, this announcement has wiped out any plans of buying tech products this year, plus a holiday to the US and Canada later in the year. Good thing too, as the entire globe is probably staring down the barrel of a recession.
No. Trump claims that the new tariffs are a 50% discount on what those countries tariff US goods at. (Even if that's questionable - is VAT a tariff?)
If he's correct, or anywhere close, this is a "tough love" strategy to force negotiations. We'll see how it goes. It also plays to his base - why should we tariff any less than they do us? And they have a point, it's the principle of the thing.
> The 10% rate would be collected starting Saturday and the higher rates would be collected beginning April 9.
https://apnews.com/article/trump-tariffs-liberation-day-2a03...
https://xcancel.com/orthonormalist/status/190754526581875103...
https://xcancel.com/corsaren/status/1907554824180105343
It's trade deficit divided by total exports divided by 2